Wedbush Initiates Coverage on Oklo (NYSE:OKLO)

Key Points

• Wedbush initiated coverage of Oklo with an “Outperform” rating and a $36 price target, implying approximately 53% upside from the prior close.
• Analyst sentiment is mixed but broadly positive: Oklo has a consensus “Moderate Buy” rating and an average price target of $69.72, although several firms maintain neutral or sell views.
• Oklo reported a quarterly loss of $0.28 per share, missing estimates, while insiders sold shares in recent transactions; institutional investors nevertheless own approximately 85% of the company.

Equities research analysts at Wedbush assumed coverage on shares of Oklo (NYSE:OKLO - Get Free Report) in a research report issued on Tuesday. The brokerage set an "outperform" rating and a $36.00 price target on the stock. Wedbush's price objective would indicate a potential upside of 53.24% from the company's previous close.

A number of other research firms have also recently commented on OKLO. TD Cowen started coverage on Oklo in a report on Monday, October 26th. They issued a "hold" rating and a $26.00 price objective on the stock. UBS Group reduced their price target on Oklo from $55.00 to $41.00 and set a "neutral" rating for the company in a report on Friday, September 25th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Oklo in a research note on Friday, August 7th. B. Riley Financial dropped their price objective on Oklo from $92.00 to $61.00 and set a "buy" rating for the company in a report on Wednesday, October 28th. Finally, HC Wainwright reissued a "buy" rating and set a $90.00 target price on shares of Oklo in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Oklo presently has a consensus rating of "Moderate Buy" and an average price target of $69.72.

Oklo Price Performance

NYSE OKLO opened at $23.49 on Tuesday. The stock's fifty day moving average price is $35.15 and its 200 day moving average price is $53.77. The company has a market cap of $4.37 billion, a price-to-earnings ratio of -24.99 and a beta of 1.20. Oklo has a 1 year low of $23.44 and a 1 year high of $132.11.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The business had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. During the same quarter in the prior year, the company earned ($0.18) earnings per share. The business's revenue for the quarter was up 11900.0% compared to the same quarter last year. Research analysts expect that Oklo will post -1.01 earnings per share for the current year.

Insiders Place Their Bets

In other news, General Counsel Vivek Narayanadas sold 1,021 shares of the company's stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $26.50, for a total value of $27,056.50. Following the completion of the sale, the general counsel directly owned 10,669 shares of the company's stock, valued at approximately $282,728.50. This represents a 8.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Hanson sold 1,034 shares of the company's stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $26.71, for a total value of $27,618.14. Following the completion of the sale, the insider owned 361,277 shares of the company's stock, valued at $9,649,708.67. This trade represents a 0.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 293,476 shares of company stock valued at $11,011,970. Corporate insiders own 12.70% of the company's stock.

Institutional Investors Weigh In On Oklo

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in Oklo by 55.3% during the first quarter. Bank of America Corp DE now owns 620,281 shares of the company's stock worth $30,760,000 after acquiring an additional 220,976 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Oklo by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 516,886 shares of the company's stock valued at $25,632,000 after buying an additional 5,945 shares in the last quarter. Swiss National Bank increased its stake in Oklo by 7.1% in the first quarter. Swiss National Bank now owns 324,900 shares of the company's stock valued at $16,112,000 after acquiring an additional 21,400 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Oklo during the third quarter worth about $11,483,000. Finally, Amundi grew its stake in shares of Oklo by 59.0% in the 1st quarter. Amundi now owns 164,824 shares of the company's stock valued at $8,174,000 after purchasing an additional 61,161 shares during the period. 85.03% of the stock is currently owned by institutional investors.

Key Headlines Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Wedbush initiated coverage with an “Outperform” rating, providing a new bullish analyst view on Oklo’s advanced-reactor opportunity. Wedbush Assumes Oklo at Outperform
• Neutral Sentiment: Institutional ownership remains high at approximately 85%. Several funds increased their positions during the third quarter, including Mirae Asset Global Investments, International Assets Investment Management and BOKF, offering some evidence of continued institutional interest despite the stock’s decline.
• Neutral Sentiment: Oklo faces increasing comparison with X-Energy in the small modular reactor market. X-Energy has Amazon as an anchor investor and is advancing a planned four-reactor project for Dow, highlighting the competitive and execution advantages that established strategic partners can provide. X-Energy Has Amazon as an Anchor Customer
• Negative Sentiment: Oklo’s valuation remains a major concern. The company has yet to scale its nuclear operations and reportedly trades at roughly 3,600 times sales, leaving the stock especially sensitive to interest rates and financing conditions. Although the 10-year Treasury yield eased to 4.9%, investors continue to view the company’s high valuation and unproven commercial model as significant risks. The 10-Year Treasury Eased to 4.9%
• Negative Sentiment: Two insiders sold shares, with Alexandra Renner selling 1,068 shares and John Hanson selling 1,034 shares at $26.71. Both transactions covered tax withholding tied to vested equity awards, and each represented less than 0.3% of the insider’s holdings, limiting their significance but still adding marginal selling pressure. Oklo Insider Trading Activity

About Oklo

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.

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