Oklo Inc. (NYSE:OKLO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Oklo Inc. (NYSE:OKLO) have been given an average rating of “Moderate Buy” by the five analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $44.50.

A number of research firms have recently commented on OKLO. Wedbush raised their price target on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Craig Hallum began coverage on Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price target for the company. Citigroup raised their price target on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Finally, B. Riley raised their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th.

Oklo Price Performance

NYSE:OKLO opened at $55.05 on Friday. The business has a fifty day simple moving average of $29.69 and a two-hundred day simple moving average of $18.90. Oklo has a 1 year low of $5.35 and a 1 year high of $59.14.

Insider Buying and Selling at Oklo

In other news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Kinzley acquired 5,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,750. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Portland Investment Counsel Inc. purchased a new position in Oklo during the 3rd quarter valued at about $6,493,000. HITE Hedge Asset Management LLC purchased a new position in Oklo during the 3rd quarter valued at about $19,753,000. Atomi Financial Group Inc. purchased a new position in Oklo during the 4th quarter valued at about $19,285,000. Archford Capital Strategies LLC bought a new stake in Oklo during the 4th quarter valued at approximately $212,000. Finally, Barclays PLC bought a new stake in Oklo during the 3rd quarter valued at approximately $58,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.