Oklo (NYSE:OKLO) Given "Buy" Rating at HC Wainwright

Key Points

• HC Wainwright reaffirmed its Buy rating on Oklo with a $90 price target, implying 282.21% upside from the stock’s cited price. Across analysts, the consensus is “Moderate Buy,” with an average target of $69.72.
• Oklo reported a quarterly loss of $0.22 per share, better than the $0.27 loss analysts expected, and revenue of $1.86 million versus estimates of $1.03 million.
• Insiders sold 350,203 shares worth about $12.4 million over the past 90 days; the article says the CEO’s reported sale was partly to cover tax withholding on vested equity awards.

Oklo (NYSE:OKLO - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at HC Wainwright in a note issued to investors on Monday, Benzinga reports. They currently have a $90.00 target price on the stock. HC Wainwright's price objective points to a potential upside of 282.21% from the stock's current price.

A number of other analysts have also commented on OKLO. B. Riley Financial cut their price objective on shares of Oklo from $92.00 to $61.00 and set a "buy" rating on the stock in a research report on Wednesday, October 28th. UBS Group decreased their target price on shares of Oklo from $55.00 to $41.00 and set a "neutral" rating for the company in a research report on Friday, September 25th. TD Cowen assumed coverage on shares of Oklo in a research note on Monday, October 26th. They issued a "hold" rating and a $26.00 price target on the stock. Wedbush began coverage on shares of Oklo in a research report on Tuesday, November 3rd. They set an "outperform" rating and a $36.00 price target on the stock. Finally, Barclays reduced their price objective on shares of Oklo from $76.00 to $59.00 and set an "overweight" rating for the company in a research note on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $69.72.

Oklo Stock Performance

NYSE OKLO opened at $23.55 on Monday. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of -24.53 and a beta of 1.31. The stock's 50 day moving average price is $33.56 and its two-hundred day moving average price is $52.36. Oklo has a 52 week low of $18.53 and a 52 week high of $117.44.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings results on Friday, November 6th. The company reported ($0.22) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.05. The firm had revenue of $1.86 million for the quarter, compared to analyst estimates of $1.03 million. During the same period last year, the company earned ($0.20) EPS. On average, equities research analysts forecast that Oklo will post -1.00 EPS for the current year.

Insider Transactions at Oklo

In other news, insider William Carroll Murphy Goodwin sold 11,592 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $39.77, for a total transaction of $461,013.84. Following the completion of the sale, the insider owned 45,268 shares in the company, valued at approximately $1,800,308.36. This trade represents a 20.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jacob DeWitte sold 80,000 shares of Oklo stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $38.69, for a total transaction of $3,095,200.00. Following the sale, the chief executive officer directly owned 398,039 shares of the company's stock, valued at $15,400,128.91. The trade was a 16.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 350,203 shares of company stock valued at $12,424,945. Corporate insiders own 12.70% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. IFG Advisory LLC raised its stake in Oklo by 48.3% in the 3rd quarter. IFG Advisory LLC now owns 7,046 shares of the company's stock worth $261,000 after purchasing an additional 2,295 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of Oklo by 7.3% during the 3rd quarter. Moors & Cabot Inc. now owns 22,478 shares of the company's stock worth $832,000 after purchasing an additional 1,525 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Oklo by 48.5% during the third quarter. Russell Investments Group Ltd. now owns 371,761 shares of the company's stock worth $13,763,000 after purchasing an additional 121,438 shares during the period. Nikulski Financial Inc. increased its holdings in shares of Oklo by 45.5% during the third quarter. Nikulski Financial Inc. now owns 16,403 shares of the company's stock worth $607,000 after purchasing an additional 5,133 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of Oklo by 304.1% during the third quarter. Fifth Third Bancorp now owns 16,698 shares of the company's stock worth $618,000 after purchasing an additional 12,566 shares during the period. 85.03% of the stock is owned by institutional investors.

Oklo Company Profile

Oklo Inc develops advanced nuclear fission power plants designed to provide reliable, carbon-free electricity. Its Aurora powerhouse concept uses fast-reactor technology and is designed to operate with metallic fuel, including fuel derived from recycled nuclear material. Oklo is developing its technology and has not yet established a commercial operating fleet.

The company plans to supply electricity through long-term power agreements rather than relying solely on equipment sales. Its prospective customers include data centers, industrial facilities, and other users seeking dependable power, with its development efforts focused primarily on the United States.

Founded in 2013, Oklo is headquartered in Santa Clara, California.

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