Analysts Set Oklo Inc. (NYSE:OKLO) Target Price at $44.25

Oklo Inc. (NYSE:OKLO - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $46.40.

Several brokerages have issued reports on OKLO. Craig Hallum began coverage on Oklo in a research note on Tuesday, January 28th. They set a "buy" rating and a $44.00 price objective on the stock. Wedbush reissued an "outperform" rating and issued a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. BTIG Research assumed coverage on Oklo in a research note on Friday, April 11th. They set a "neutral" rating for the company. Citigroup cut their target price on Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Finally, HC Wainwright assumed coverage on shares of Oklo in a report on Wednesday. They set a "buy" rating and a $55.00 price target for the company.

Insider Activity at Oklo

In related news, Director John M. Jansen acquired 6,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at $147,420. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 41,000 shares of Oklo stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $21.80, for a total transaction of $893,800.00. Following the sale, the chief executive officer now owns 10,852,926 shares in the company, valued at approximately $236,593,786.80. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.80% of the company's stock.

Institutional Investors Weigh In On Oklo

A number of institutional investors and hedge funds have recently bought and sold shares of OKLO. Vanguard Group Inc. lifted its holdings in Oklo by 92.8% in the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after acquiring an additional 2,090,154 shares during the last quarter. Van ECK Associates Corp acquired a new stake in Oklo in the 4th quarter valued at about $38,661,000. Atomi Financial Group Inc. acquired a new stake in Oklo in the 4th quarter valued at about $19,285,000. TimesSquare Capital Management LLC acquired a new stake in Oklo in the 4th quarter valued at about $17,104,000. Finally, Geode Capital Management LLC acquired a new stake in Oklo in the 3rd quarter valued at about $5,971,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Price Performance

OKLO traded down $0.58 on Wednesday, reaching $23.74. The company's stock had a trading volume of 6,533,540 shares, compared to its average volume of 11,658,659. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of -2.34 and a beta of -0.01. Oklo has a 1 year low of $5.35 and a 1 year high of $59.14. The business's 50 day moving average is $26.45 and its 200 day moving average is $26.77.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). As a group, research analysts forecast that Oklo will post -8.2 earnings per share 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.