Oklo Inc. (NYSE:OKLO – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $82.44.
A number of equities analysts have issued reports on OKLO shares. Guggenheim started coverage on shares of Oklo in a research report on Thursday, June 25th. They set a “neutral” rating for the company. HC Wainwright restated a “buy” rating and issued a $90.00 target price on shares of Oklo in a research note on Monday, August 10th. Truist Financial set a $51.00 target price on Oklo in a report on Monday, September 28th. Canaccord Genuity Group dropped their price objective on shares of Oklo from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Oklo in a report on Friday, August 7th.
Trending Headlines about Oklo
- Positive Sentiment: Reactor execution is attracting renewed investor interest. An analyst update following a visit to Oklo’s Groves facility reportedly maintained a bullish rating and price target, citing confidence that the company can advance a reactor from construction to first criticality on a commercial timeline. Oklo’s August announcement that the Groves reactor reached first criticality in under a year provided a tangible execution milestone. Oklo shares climb as investors appear to focus on reactor progress and fresh analyst support
- Positive Sentiment: Nuclear-sector momentum lifted Oklo. Alphabet’s Google announced a nuclear power initiative involving existing reactors, prompting a broader rally in nuclear stocks, including companies whose new reactors are still under development. The sector-wide move appears to have amplified interest in Oklo’s data-center and industrial power strategy. Nuclear Stocks Rally as Google’s Reactor Deal Lifts the Sector
- Positive Sentiment: Waste-disposal research may strengthen Oklo’s long-term investment case. A Department of Energy-funded project with Deep Isolation Nuclear, Argonne National Laboratory and Case Western Reserve University found that deep-borehole disposal of waste from recycled nuclear fuel could meet safety standards below the program’s cost target. If commercially validated, the approach could help address a key challenge for advanced nuclear deployment. How Deep Borehole Disposal Breakthrough At Oklo Has Changed Its Investment Story
- Negative Sentiment: Continued insider selling is a risk signal. CEO Jacob DeWitte sold 120,000 shares under a pre-arranged Rule 10b5-1 plan, while General Counsel Vivek Narayanadas sold shares to cover tax withholding. These transactions were not necessarily discretionary bearish bets, but recent insider activity has consisted overwhelmingly of sales rather than purchases.
Insider Transactions at Oklo
In other news, Director John M. Jansen sold 6,354 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $36.67, for a total transaction of $233,001.18. Following the completion of the transaction, the director directly owned 6,000 shares of the company’s stock, valued at $220,020. This represents a 51.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Richard Bealmear sold 16,430 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $38.76, for a total value of $636,826.80. Following the transaction, the chief financial officer owned 455,976 shares in the company, valued at $17,673,629.76. This trade represents a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 286,654 shares of company stock worth $10,819,067 over the last quarter. Company insiders own 12.70% of the company’s stock.
Hedge Funds Weigh In On Oklo
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its stake in Oklo by 13.9% during the 4th quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock worth $283,902,000 after buying an additional 481,288 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Oklo by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock valued at $201,671,000 after purchasing an additional 185,265 shares in the last quarter. Norges Bank purchased a new position in Oklo in the 4th quarter valued at $73,786,000. Clear Street Group Inc. boosted its stake in Oklo by 110.5% during the 4th quarter. Clear Street Group Inc. now owns 842,172 shares of the company’s stock worth $60,434,000 after purchasing an additional 442,172 shares during the last quarter. Finally, Capital World Investors boosted its position in Oklo by 5.2% during the fourth quarter. Capital World Investors now owns 505,938 shares of the company’s stock worth $36,306,000 after acquiring an additional 24,923 shares during the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.
Oklo Stock Performance
Shares of OKLO stock opened at $38.59 on Wednesday. Oklo has a fifty-two week low of $34.38 and a fifty-two week high of $193.84. The firm has a market capitalization of $7.18 billion, a PE ratio of -41.06 and a beta of 1.20. The stock’s 50-day simple moving average is $40.51 and its 200-day simple moving average is $51.58.
Oklo (NYSE:OKLO – Get Free Report) last released its earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The company had revenue of $1.21 million during the quarter, compared to analysts’ expectations of $0.09 million. The firm’s revenue for the quarter was up 11900.0% on a year-over-year basis. During the same period last year, the business earned ($0.18) earnings per share. Sell-side analysts forecast that Oklo will post -0.99 earnings per share for the current year.
Oklo Company Profile
Oklo Inc is an advanced fission technology company developing compact nuclear power plants designed to provide reliable, carbon-free electricity. Its flagship Aurora powerhouse is a small-scale fission system intended to operate for extended periods and supply power directly to industrial, commercial, and other large energy users.
The company is also developing fuel-recycling capabilities to support the use of recovered nuclear fuel in advanced reactors. Oklo has pursued partnerships and regulatory work in the United States, including activities associated with the Idaho National Laboratory, and is initially focused on serving U.S.
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