Oklo Inc. (NYSE:OKLO) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Oklo Inc. has received an average rating of "Moderate Buy" from thirteen brokerages, with price targets ranging from $55.00 to $75.00.
• The company's latest earnings report showed an EPS of ($0.07), exceeding analysts' expectations, while annual forecasts suggest an EPS of (-8.2) for the current fiscal year.
• Insider trading activity includes significant sales by both the director and CEO, with a total of 600,000 shares sold by insiders over the last three months, representing approximately 18.90% ownership by corporate insiders.

Oklo Inc. (NYSE:OKLO - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $59.33.

OKLO has been the topic of several analyst reports. Daiwa America upgraded shares of Oklo from a "hold" rating to a "strong-buy" rating in a report on Sunday, July 27th. Citigroup increased their price objective on shares of Oklo from $30.00 to $68.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. HC Wainwright started coverage on shares of Oklo in a research report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price objective for the company. CLSA raised shares of Oklo from an "outperform" rating to a "moderate buy" rating and raised their target price for the company from $50.00 to $74.00 in a research report on Tuesday, May 27th. Finally, BNP Paribas raised shares of Oklo to a "strong sell" rating in a research report on Friday, July 25th.

Oklo Stock Performance

Oklo stock traded down $5.09 during trading hours on Friday, hitting $71.50. 19,731,729 shares of the stock were exchanged, compared to its average volume of 18,803,550. The stock has a market capitalization of $9.98 billion, a P/E ratio of -13.22 and a beta of 0.57. Oklo has a 12 month low of $5.35 and a 12 month high of $80.42. The business's 50-day moving average is $59.73 and its two-hundred day moving average is $41.32.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.04. On average, equities analysts predict that Oklo will post -8.2 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Michael Stuart Klein sold 50,000 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $54.85, for a total value of $2,742,500.00. Following the completion of the transaction, the director directly owned 200,000 shares of the company's stock, valued at approximately $10,970,000. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 300,000 shares of the firm'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 completion of the transaction, the chief executive officer directly owned 10,105,098 shares of the company's stock, valued at approximately $557,801,409.60. This trade represents a 2.88% 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 valued at $35,066,500 in the last ninety days. Insiders own 18.90% of the company's stock.

Institutional Investors Weigh In On Oklo

Several hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA acquired a new position in Oklo in the 2nd quarter valued at about $25,000. Caldwell Sutter Capital Inc. acquired a new position in Oklo in the 2nd quarter valued at about $25,000. ORG Partners LLC boosted its stake in shares of Oklo by 281.0% in the 2nd quarter. ORG Partners LLC now owns 800 shares of the company's stock valued at $41,000 after buying an additional 590 shares during the period. FNY Investment Advisers LLC boosted its stake in shares of Oklo by 7,190.9% in the 2nd quarter. FNY Investment Advisers LLC now owns 802 shares of the company's stock valued at $44,000 after buying an additional 791 shares during the period. Finally, Solstein Capital LLC purchased a new position in shares of Oklo in the 2nd quarter valued at about $56,000. Hedge funds and other 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.