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

Oklo Inc. (NYSE:OKLO - Get Free Report) has been given an average rating of "Moderate Buy" by the seven research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $46.40.

Several equities research analysts recently issued reports on OKLO shares. Craig Hallum started coverage on Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective for the company. HC Wainwright started coverage on shares of Oklo in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price target for the company. Wedbush set a $45.00 price objective on shares of Oklo and gave the company an "outperform" rating in a research report on Wednesday, May 14th. BTIG Research began coverage on shares of Oklo in a research note on Friday, April 11th. They issued a "neutral" rating on the stock. Finally, Citigroup reissued a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 35,365 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75. Following the transaction, the chief executive officer now directly owns 11,033,561 shares of the company's stock, valued at $277,494,059.15. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John M. Jansen purchased 6,000 shares of Oklo stock in a transaction on Thursday, March 27th. The stock was bought at an average cost of $24.57 per share, with a total value of $147,420.00. Following the transaction, the director now directly owns 6,000 shares of the company's stock, valued at approximately $147,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 21.80% of the company's stock.

Hedge Funds Weigh In On Oklo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OKLO. TD Waterhouse Canada Inc. acquired a new position in shares of Oklo during the 4th quarter worth about $27,000. Sandy Spring Bank bought a new position in Oklo in the 4th quarter worth approximately $32,000. CoreCap Advisors LLC bought a new position in Oklo in the 4th quarter worth approximately $32,000. Covestor Ltd acquired a new position in shares of Oklo during the fourth quarter worth approximately $34,000. Finally, KBC Group NV acquired a new position in shares of Oklo during the first quarter worth approximately $36,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Oklo Stock Performance

Shares of NYSE:OKLO traded down $0.86 during mid-day trading on Friday, hitting $36.71. The stock had a trading volume of 15,371,585 shares, compared to its average volume of 12,032,145. The company has a market cap of $5.11 billion, a PE ratio of -6.79 and a beta of -0.02. Oklo has a 12-month low of $5.35 and a 12-month high of $59.14. The company's 50 day moving average is $25.96 and its 200-day moving average is $28.08.

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