Brokerages Set Oklo Inc. (NYSE:OKLO) Price Target at $44.50

Shares of Oklo Inc. (NYSE:OKLO) have been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $44.50.

A number of equities research analysts recently weighed in on the company. Citigroup lifted their target price on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Craig Hallum started coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective on the stock. Wedbush upped their target price on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, B. Riley lifted their price target on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th.

Insider Activity

In other news, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Kinzley bought 5,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was purchased at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $99,750. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company’s stock.

Institutional Trading of Oklo

Several hedge funds have recently modified their holdings of OKLO. TD Waterhouse Canada Inc. bought a new stake in Oklo during the 4th quarter worth approximately $27,000. Sandy Spring Bank bought a new position in Oklo in the 4th quarter valued at $32,000. CoreCap Advisors LLC acquired a new position in Oklo in the fourth quarter worth $32,000. Covestor Ltd acquired a new stake in shares of Oklo in the fourth quarter valued at $34,000. Finally, Anfield Capital Management LLC bought a new position in shares of Oklo in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Stock Performance

NYSE OKLO opened at $25.94 on Tuesday. The company’s fifty day moving average is $35.54 and its two-hundred day moving average is $22.26. Oklo has a 52-week low of $5.35 and a 52-week high of $59.14.

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.