Oklo Inc. (NYSE:OKLO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Oklo Inc. (NYSE:OKLO) have received an average rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $44.25.

A number of brokerages have recently commented on OKLO. B. Riley lifted their target price on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. BTIG Research started coverage on shares of Oklo in a report on Friday, April 11th. They issued a “neutral” rating for the company. Wedbush reiterated an “outperform” rating and set a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. Craig Hallum began coverage on Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Finally, Citigroup lowered their target price on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th.

Insider Transactions at Oklo

In other Oklo news, Director John M. Jansen bought 6,000 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was bought at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $147,420. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 41,000 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $21.80, for a total transaction of $893,800.00. Following the transaction, the chief executive officer now directly owns 10,852,926 shares of the company’s stock, valued at approximately $236,593,786.80. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company’s stock.

Institutional Investors Weigh In On Oklo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp acquired a new position in Oklo in the 3rd quarter valued at about $104,000. State Street Corp acquired a new position in Oklo in the 3rd quarter valued at $2,889,000. MML Investors Services LLC purchased a new position in shares of Oklo during the 3rd quarter worth $104,000. Barclays PLC purchased a new stake in shares of Oklo in the third quarter valued at $58,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Oklo in the third quarter valued at $5,971,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Price Performance

NYSE OKLO opened at $21.53 on Wednesday. The company has a fifty day moving average of $28.13 and a two-hundred day moving average of $26.37. The company has a market capitalization of $2.99 billion, a PE ratio of -2.13 and a beta of -0.01. Oklo has a 1 year low of $5.35 and a 1 year high of $59.14.

Oklo (NYSE:OKLO) last announced its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). On average, research analysts expect that Oklo will post -8.2 earnings per share for the current year.

About Oklo

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.