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

Oklo Inc. (NYSE:OKLO - Get Free Report) has received an average rating of "Moderate Buy" from the eight analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $58.50.

Several brokerages recently commented on OKLO. Citigroup reissued a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th. CLSA raised Oklo from an "outperform" rating to a "moderate buy" rating and upped their target price for the stock from $50.00 to $74.00 in a research report on Tuesday, May 27th. BTIG Research started coverage on Oklo in a research report on Friday, April 11th. They set a "neutral" rating for the company. Wedbush set a $75.00 target price on Oklo and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Finally, HC Wainwright started coverage on Oklo in a research report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 target price for the company.

Oklo Stock Performance

Shares of NYSE OKLO traded down $2.36 during trading hours on Monday, hitting $53.58. The stock had a trading volume of 14,975,957 shares, compared to its average volume of 14,520,956. The company has a market capitalization of $7.48 billion, a P/E ratio of -9.90 and a beta of 0.57. The firm's 50-day moving average price is $46.88 and its two-hundred day moving average price is $36.02. Oklo has a 52 week low of $5.35 and a 52 week high of $73.55.

Oklo (NYSE:OKLO - Get Free Report) last announced 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. As a group, analysts expect that Oklo will post -8.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 300,000 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $55.20, for a total value of $16,560,000.00. Following the completion of the transaction, the chief executive officer directly owned 10,105,098 shares in the company, valued at approximately $557,801,409.60. This represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Stuart Klein sold 150,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $62.74, for a total value of $9,411,000.00. Following the completion of the transaction, the director owned 250,000 shares of the company's stock, valued at $15,685,000. The trade was a 37.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 600,000 shares of company stock valued at $35,066,500 over the last 90 days. 18.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Oklo by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock worth $104,646,000 after purchasing an additional 74,315 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Oklo by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company's stock worth $94,770,000 after purchasing an additional 37,718 shares during the last quarter. Compound Planning Inc. grew its holdings in shares of Oklo by 6.2% during the first quarter. Compound Planning Inc. now owns 964,827 shares of the company's stock worth $20,869,000 after purchasing an additional 56,437 shares during the last quarter. Portland Investment Counsel Inc. grew its holdings in shares of Oklo by 0.6% during the first quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company's stock worth $17,358,000 after purchasing an additional 5,000 shares during the last quarter. Finally, JAT Capital Mgmt LP bought a new position in Oklo in the fourth quarter valued at about $14,798,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

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.