Oklo Inc. (NYSE:OKLO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Oklo Inc. (NYSE:OKLO) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $44.25.

A number of brokerages have issued reports on OKLO. Craig Hallum initiated coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price for the company. B. Riley raised their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Wedbush reiterated an “outperform” rating and set a $45.00 target price on shares of Oklo in a research report on Tuesday, March 25th. Finally, Citigroup dropped their price target on Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th.

Insider Buying and Selling at Oklo

In related news, CEO Jacob Dewitte sold 35,365 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the completion of the transaction, the chief executive officer now owns 11,033,561 shares of the company’s stock, valued at approximately $277,494,059.15. The trade was a 0.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John M. Jansen purchased 6,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at $147,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Oklo

A number of institutional investors have recently modified their holdings of the company. Barclays PLC grew its stake in Oklo by 5.7% in the 4th quarter. Barclays PLC now owns 7,666 shares of the company’s stock worth $163,000 after acquiring an additional 416 shares during the period. Ancora Advisors LLC boosted its holdings in shares of Oklo by 18.2% during the fourth quarter. Ancora Advisors LLC now owns 4,610 shares of the company’s stock worth $98,000 after purchasing an additional 710 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Oklo during the fourth quarter worth $27,000. CoreCap Advisors LLC purchased a new stake in shares of Oklo in the fourth quarter valued at $32,000. Finally, Sandy Spring Bank acquired a new position in Oklo in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Price Performance

OKLO opened at $22.73 on Friday. The business has a 50 day simple moving average of $35.61 and a 200-day simple moving average of $24.96. Oklo has a 12 month low of $5.35 and a 12 month high of $59.14. The stock has a market capitalization of $3.16 billion, a P/E ratio of -2.24 and a beta of -0.28.

Oklo (NYSE:OKLO) last issued its earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Research analysts anticipate that Oklo will post -8.2 EPS for the current year.

Oklo Company Profile

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.