Oklo (NYSE:OKLO) Price Target Raised to $75.00

Oklo (NYSE:OKLO) had its price target upped by Wedbush from $55.00 to $75.00 in a research note released on Thursday morning,Benzinga reports. Wedbush currently has an outperform rating on the stock.

OKLO has been the topic of a number of other reports. BTIG Research initiated coverage on Oklo in a research note on Friday, April 11th. They issued a “neutral” rating on the stock. William Blair assumed coverage on shares of Oklo in a research report on Wednesday, May 28th. They issued an “outperform” rating on the stock. Citigroup restated a “neutral” rating on shares of Oklo in a research note on Wednesday, May 14th. CLSA raised shares of Oklo from an “outperform” rating to a “moderate buy” rating and upped their price objective for the stock from $50.00 to $74.00 in a report on Tuesday, May 27th. Finally, Seaport Res Ptn upgraded shares of Oklo from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 9th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $56.00.

Oklo Stock Performance

NYSE:OKLO opened at $63.69 on Thursday. The company has a market capitalization of $8.87 billion, a P/E ratio of -11.77 and a beta of 0.58. The stock’s 50 day moving average price is $35.82 and its 200 day moving average price is $31.80. Oklo has a 52 week low of $5.35 and a 52 week high of $71.00.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. As a group, sell-side analysts forecast that Oklo will post -8.2 earnings per share for the current fiscal year.

Insider Activity at Oklo

In other news, Co-Founder, CEO Jacob DeWitte 139,635 shares of Oklo stock in a transaction dated Friday, March 28th. Following the completion of the , the insider now directly owns 10,893,926 shares in the company, valued at approximately $249,253,026.88. This represents a 1.27% decrease in their position. The was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John M. Jansen purchased 6,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were acquired at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $147,420. This represents 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 corporate insiders.

Institutional Trading of Oklo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Oklo by 1.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company’s stock valued at $104,646,000 after purchasing an additional 74,315 shares during the period. Vanguard Group Inc. lifted its position in shares of Oklo by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock worth $94,770,000 after buying an additional 37,718 shares during the period. Van ECK Associates Corp acquired a new stake in Oklo in the 4th quarter valued at $38,661,000. Compound Planning Inc. grew its position in Oklo by 6.2% in the first quarter. Compound Planning Inc. now owns 964,827 shares of the company’s stock valued at $20,869,000 after acquiring an additional 56,437 shares during the period. Finally, Portland Investment Counsel Inc. raised its stake in Oklo by 0.6% during the first quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company’s stock worth $17,358,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

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.