HC Wainwright Forecasts Strong Price Appreciation for Oklo (NYSE:OKLO) Stock

Key Points

• HC Wainwright has upgraded Oklo's price target from $55.00 to $90.00, suggesting a potential upside of 25.01% from the current price.
• Despite a favorable outlook from HC Wainwright, analysts are divided on the stock, with ratings ranging from "underperform" to "strong buy," resulting in a consensus target price of $63.22.
• Insider trading activity shows significant stock sales, with CEO Jacob Dewitte selling 300,000 shares for around $16.56 million, indicating a 2.88% decrease in ownership.

Oklo (NYSE:OKLO - Free Report) had its price target hoisted by HC Wainwright from $55.00 to $90.00 in a research report released on Tuesday,Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Oklo's Q3 2025 earnings at ($0.17) EPS, Q4 2025 earnings at ($0.18) EPS, FY2025 earnings at ($0.59) EPS, FY2026 earnings at ($0.76) EPS, FY2027 earnings at ($0.86) EPS, FY2028 earnings at ($0.80) EPS and FY2029 earnings at $0.13 EPS.

A number of other brokerages have also issued reports on OKLO. Seaport Res Ptn upgraded shares of Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. William Blair restated an "outperform" rating on shares of Oklo in a research report on Tuesday. Craig Hallum lowered shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 target price on the stock. in a research report on Monday, June 23rd. Cantor Fitzgerald set a $73.00 target price on shares of Oklo and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, Wedbush set a $75.00 target price on shares of Oklo and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $63.78.

Oklo Stock Performance

OKLO stock traded down $3.67 during midday trading on Tuesday, reaching $73.75. 12,070,402 shares of the company were exchanged, compared to its average volume of 18,271,186. Oklo has a 1-year low of $5.35 and a 1-year high of $85.35. The stock's 50-day simple moving average is $63.94 and its 200 day simple moving average is $43.94. The company has a market cap of $10.89 billion, a price-to-earnings ratio of -175.59 and a beta of 0.60.

Oklo (NYSE:OKLO - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). On average, research analysts anticipate that Oklo will post -8.2 earnings per share for the current year.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the sale, the chief executive officer directly owned 10,105,098 shares in the company, valued at approximately $557,801,409.60. The trade was a 2.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Stuart Klein sold 50,000 shares of the business's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $54.85, for a total transaction of $2,742,500.00. Following the sale, the director owned 200,000 shares in the company, valued at $10,970,000. The trade was a 20.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 600,000 shares of company stock worth $35,066,500 over the last 90 days. Insiders own 18.90% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Oklo by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock worth $104,646,000 after buying an additional 74,315 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Oklo by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company's stock worth $94,770,000 after buying an additional 37,718 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Oklo by 195.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company's stock worth $125,906,000 after buying an additional 1,488,482 shares during the last quarter. State Street Corp raised its stake in shares of Oklo by 454.5% during the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company's stock worth $119,743,000 after buying an additional 1,752,946 shares during the last quarter. Finally, Compound Planning Inc. raised its stake in Oklo by 6.2% in the 1st quarter. Compound Planning Inc. now owns 964,827 shares of the company's stock valued at $20,869,000 after purchasing an additional 56,437 shares during the last quarter. Institutional investors and hedge funds 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.