Oklo Inc. (NYSE:OKLO) Receives Consensus Recommendation of “Hold” from Analysts

Oklo Inc. (NYSE:OKLO) has received a consensus recommendation of “Hold” from the nineteen research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $98.1429.

Several equities analysts recently weighed in on OKLO shares. Seaport Res Ptn cut shares of Oklo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Canaccord Genuity Group assumed coverage on shares of Oklo in a research report on Thursday, October 9th. They set a “buy” rating and a $175.00 target price on the stock. Citigroup lifted their target price on shares of Oklo from $30.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. BNP Paribas Exane assumed coverage on shares of Oklo in a research report on Friday, July 25th. They set an “underperform” rating and a $14.00 target price on the stock. Finally, Daiwa Capital Markets raised shares of Oklo from a “neutral” rating to an “outperform” rating in a research report on Sunday, July 27th.

Oklo Stock Performance

Shares of NYSE OKLO opened at $173.14 on Wednesday. Oklo has a fifty-two week low of $9.54 and a fifty-two week high of $183.20. The stock has a market cap of $25.56 billion, a price-to-earnings ratio of -412.22 and a beta of 0.69. The firm’s 50-day simple moving average is $97.31 and its 200 day simple moving average is $63.46.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). On average, sell-side analysts predict that Oklo will post -8.2 EPS for the current year.

Insider Activity

In other Oklo news, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the transaction, the director owned 150,000 shares of the company’s stock, valued at $20,064,000. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the transaction, the chief executive officer directly owned 9,780,098 shares in the company, valued at approximately $1,097,913,801.48. This represents a 2.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 491,387 shares of company stock worth $52,698,580 in the last quarter. 18.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oklo

Hedge funds have recently modified their holdings of the stock. OneDigital Investment Advisors LLC bought a new stake in shares of Oklo in the 1st quarter worth approximately $229,000. Bouvel Investment Partners LLC bought a new stake in shares of Oklo in the 2nd quarter worth approximately $2,263,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Oklo by 66.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 68,577 shares of the company’s stock worth $1,483,000 after purchasing an additional 27,458 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Oklo in the 1st quarter worth approximately $413,000. Finally, Spire Wealth Management raised its holdings in shares of Oklo by 14.1% in the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company’s stock worth $84,000 after purchasing an additional 481 shares during the period. 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.