Oklo Inc. (NYSE:OKLO) Receives $82.78 Consensus Price Target from Analysts

Oklo Inc. (NYSE:OKLOGet Free Report) has received a consensus rating of “Moderate Buy” from the twenty-four brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $84.1765.

Several equities analysts have recently weighed in on OKLO shares. Weiss Ratings raised shares of Oklo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $122.00 price target on shares of Oklo in a research report on Wednesday, May 13th. Craig Hallum reaffirmed a “hold” rating on shares of Oklo in a research note on Wednesday, March 18th. The Goldman Sachs Group dropped their price target on Oklo from $91.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Finally, Wolfe Research started coverage on Oklo in a research note on Tuesday, May 19th. They set a “peer perform” rating for the company.

Get Our Latest Stock Report on Oklo

Oklo Price Performance

Oklo stock opened at $50.06 on Monday. The company’s 50 day simple moving average is $64.76 and its 200 day simple moving average is $69.53. Oklo has a fifty-two week low of $44.88 and a fifty-two week high of $193.84. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of -59.60 and a beta of 1.10.

Oklo (NYSE:OKLOGet Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.01. During the same quarter in the prior year, the business posted ($0.07) EPS. As a group, analysts predict that Oklo will post -0.78 EPS for the current fiscal year.

Insider Transactions at Oklo

In other Oklo news, insider William Carroll Murphy Goodwin sold 10,548 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total transaction of $612,205.92. Following the transaction, the insider directly owned 36,175 shares in the company, valued at approximately $2,099,597. This represents a 22.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jacob Dewitte sold 140,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $68.29, for a total value of $9,560,600.00. Following the transaction, the chief executive officer owned 538,039 shares in the company, valued at $36,742,683.31. The trade was a 20.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 699,971 shares of company stock worth $44,221,357. Insiders own 18.90% of the company’s stock.

Hedge Funds Weigh In On Oklo

A number of institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in Oklo by 298.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 23,396 shares of the company’s stock valued at $2,612,000 after buying an additional 17,526 shares during the last quarter. DNB Asset Management AS raised its position in Oklo by 151.7% in the 4th quarter. DNB Asset Management AS now owns 28,625 shares of the company’s stock valued at $2,054,000 after buying an additional 17,253 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Oklo in the 3rd quarter valued at $2,177,000. Van ECK Associates Corp raised its position in Oklo by 61.0% in the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock valued at $387,914,000 after buying an additional 1,316,867 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Oklo by 109.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 345,237 shares of the company’s stock valued at $24,774,000 after buying an additional 180,377 shares during the last quarter. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Company Profile

(Get Free Report)

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.

Further Reading

Analyst Recommendations for Oklo (NYSE:OKLO)

Receive News & Ratings for Oklo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oklo and related companies with MarketBeat.com's FREE daily email newsletter.