Oklo Inc. (NYSE:OKLO) Receives $66.45 Average PT from Analysts

Key Points

• Oklo Inc. has received a consensus recommendation of "Moderate Buy" from fifteen research firms, with the average 1-year price target set at $66.45.
• Shares of Oklo have seen significant movement, currently trading at $135.88, reflecting a 29.4% increase recently.
• Insider transactions included the sale of 50,000 shares by Director Michael Stuart Klein, resulting in a 20% decrease in his holdings.

Oklo Inc. (NYSE:OKLO - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fifteen ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $72.8182.

A number of equities analysts recently issued reports on OKLO shares. Bank of America initiated coverage on shares of Oklo in a research report on Tuesday, August 26th. They set a "buy" rating and a $92.00 price objective for the company. Daiwa America raised shares of Oklo from a "hold" rating to a "strong-buy" rating in a research note on Sunday, July 27th. Cantor Fitzgerald set a $73.00 price target on Oklo and gave the company an "overweight" rating in a research note on Tuesday, July 15th. BTIG Research reissued a "neutral" rating on shares of Oklo in a report on Tuesday, August 12th. Finally, Wedbush boosted their price objective on Oklo from $80.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 10,105,098 shares of the company's stock, valued at approximately $557,801,409.60. This represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Craig Bealmear sold 7,622 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $101.44, for a total transaction of $773,175.68. Following the transaction, the chief financial officer owned 121,913 shares of the company's stock, valued at approximately $12,366,854.72. The trade was a 5.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 441,387 shares of company stock worth $28,892,580 over the last three months. Company insiders own 18.90% of the company's stock.

Hedge Funds Weigh In On Oklo

A number of hedge funds have recently bought and sold shares of OKLO. Northern Trust Corp boosted its position in shares of Oklo by 10.7% during the 4th quarter. Northern Trust Corp now owns 167,304 shares of the company's stock valued at $3,552,000 after purchasing an additional 16,222 shares in the last quarter. Cetera Investment Advisers increased its position in Oklo by 284.0% in the 4th quarter. Cetera Investment Advisers now owns 57,620 shares of the company's stock valued at $1,223,000 after buying an additional 42,613 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Oklo during the 4th quarter worth approximately $312,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Oklo by 358.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,069 shares of the company's stock worth $1,254,000 after acquiring an additional 46,188 shares in the last quarter. Finally, Value Aligned Research Advisors LLC bought a new position in Oklo in the fourth quarter worth approximately $1,209,000. Institutional investors own 85.03% of the company's stock.

Oklo Trading Down 1.7%

NYSE OKLO traded down $2.38 on Friday, hitting $137.92. 10,210,218 shares of the company's stock were exchanged, compared to its average volume of 18,039,342. Oklo has a 52 week low of $7.90 and a 52 week high of $142.85. The stock has a market cap of $20.36 billion, a price-to-earnings ratio of -328.37 and a beta of 0.59. The stock has a 50-day moving average of $77.18 and a 200-day moving average of $51.72.

Oklo (NYSE:OKLO - Get Free Report) last released 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). As a group, analysts predict that Oklo will post -8.2 earnings per share for the current year.

About Oklo

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.