Bank of America Reaffirms "Neutral" Rating for Oklo (NYSE:OKLO)

Key Points

• Bank of America reaffirmed its "neutral" rating on Oklo (NYSE: OKLO) and raised the target price from $92.00 to $117.00, indicating a potential upside of 0.47% from the current stock price.
• Other analysts have varying ratings for Oklo, with Barclays setting a $146.00 price objective, while BNP Paribas Exane rated it "underperform" with a target of $14.00.
• Insiders sold a total of 191,387 shares worth approximately $19 million over the last ninety days, reflecting significant insider trading activity.

Oklo (NYSE:OKLO - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at Bank of America in a research note issued on Tuesday,Benzinga reports. They presently have a $117.00 target price on the stock, up from their prior target price of $92.00. Bank of America's target price points to a potential upside of 0.47% from the company's current price.

Other research analysts have also recently issued research reports about the company. Barclays set a $146.00 price objective on Oklo in a research note on Monday. BNP Paribas Exane started coverage on Oklo in a research note on Friday, July 25th. They set an "underperform" rating and a $14.00 price objective on the stock. Citigroup lifted their target price on Oklo from $30.00 to $68.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. HC Wainwright lifted their target price on Oklo from $55.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Finally, BTIG Research reaffirmed a "neutral" rating on shares of Oklo in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $83.77.

Oklo Stock Up 5.4%

Shares of Oklo stock opened at $116.46 on Tuesday. Oklo has a fifty-two week low of $7.90 and a fifty-two week high of $144.49. The firm has a market cap of $17.19 billion, a PE ratio of -277.27 and a beta of 0.59. The business's fifty day moving average is $83.08 and its two-hundred day moving average is $55.16.

Oklo (NYSE:OKLO - Get Free Report) last issued its 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). Equities research analysts anticipate that Oklo will post -8.2 EPS for the current year.

Insider Buying and Selling at Oklo

In other news, insider William Carroll Murphy Goodwin sold 41,387 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Stuart Klein sold 50,000 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $133.76, for a total value of $6,688,000.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 191,387 shares of company stock worth $19,020,580 over the last ninety days. Company insiders own 18.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. KBC Group NV increased its stake in shares of Oklo by 11.8% in the second quarter. KBC Group NV now owns 1,849 shares of the company's stock worth $104,000 after acquiring an additional 195 shares during the last quarter. Fourth Dimension Wealth LLC increased its stake in shares of Oklo by 125.0% in the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company's stock worth $25,000 after acquiring an additional 250 shares during the last quarter. MRA Advisory Group increased its stake in shares of Oklo by 2.8% in the second quarter. MRA Advisory Group now owns 9,770 shares of the company's stock worth $547,000 after acquiring an additional 266 shares during the last quarter. Rothschild Investment LLC increased its stake in shares of Oklo by 82.9% in the second quarter. Rothschild Investment LLC now owns 640 shares of the company's stock worth $36,000 after acquiring an additional 290 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Oklo by 107.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company's stock worth $33,000 after acquiring an additional 305 shares during the last quarter. 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.

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