Oklo (NYSE:OKLO) Given a $75.00 Price Target at Wedbush

Oklo (NYSE:OKLO) has been given a $75.00 price target by equities researchers at Wedbush in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the stock. Wedbush’s price objective suggests a potential upside of 7.94% from the company’s previous close.

OKLO has been the topic of a number of other research reports. Seaport Res Ptn upgraded shares of Oklo from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 9th. William Blair started coverage on Oklo in a research report on Wednesday, May 28th. They set an “outperform” rating for the company. CLSA upgraded Oklo from an “outperform” rating to a “moderate buy” rating and boosted their price target for the company from $50.00 to $74.00 in a research note on Tuesday, May 27th. HC Wainwright started coverage on shares of Oklo in a research report on Wednesday, April 23rd. They set a “buy” rating and a $55.00 price target for the company. Finally, Citigroup reissued a “neutral” rating on shares of Oklo in a report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $56.00.

Oklo Stock Performance

Shares of NYSE:OKLO traded up $5.83 during trading on Thursday, reaching $69.49. 18,248,974 shares of the stock traded hands, compared to its average volume of 13,753,168. The stock has a market cap of $9.70 billion, a P/E ratio of -12.82 and a beta of 0.58. The stock has a 50-day moving average of $35.82 and a two-hundred day moving average of $31.87. Oklo has a 52-week low of $5.35 and a 52-week high of $73.34.

Oklo (NYSE:OKLO) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.04. Sell-side analysts expect that Oklo will post -8.2 earnings per share for the current year.

Insider Activity at Oklo

In other news, CEO Jacob Dewitte sold 35,365 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at $147,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 18.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oklo

Large investors have recently made changes to their positions in the company. Barclays PLC lifted its position in shares of Oklo by 5.7% during the fourth quarter. Barclays PLC now owns 7,666 shares of the company’s stock worth $163,000 after purchasing an additional 416 shares during the last quarter. Signaturefd LLC increased its position in shares of Oklo by 5.4% during the first quarter. Signaturefd LLC now owns 8,962 shares of the company’s stock worth $194,000 after acquiring an additional 462 shares during the period. Spire Wealth Management raised its stake in shares of Oklo by 14.1% during the first quarter. Spire Wealth Management now owns 3,896 shares of the company’s stock valued at $84,000 after acquiring an additional 481 shares in the last quarter. Intrua Financial LLC boosted its holdings in shares of Oklo by 4.2% in the first quarter. Intrua Financial LLC now owns 13,375 shares of the company’s stock valued at $289,000 after purchasing an additional 535 shares during the period. Finally, Ancora Advisors LLC grew its stake in Oklo by 18.2% in 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 in the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

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.