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

Oklo Inc. (NYSE:OKLO - Get Free Report) has earned an average rating of "Moderate Buy" from the eight analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $56.00.

OKLO has been the subject of several recent research reports. BTIG Research initiated coverage on Oklo in a research report on Friday, April 11th. They set a "neutral" rating for the company. William Blair initiated coverage on Oklo in a report on Wednesday, May 28th. They set an "outperform" rating for the company. CLSA upgraded Oklo from an "outperform" rating to a "moderate buy" rating and raised their price target for the company from $50.00 to $74.00 in a report on Tuesday, May 27th. Wedbush raised their price target on Oklo from $55.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Citigroup restated a "neutral" rating on shares of Oklo in a report on Wednesday, May 14th.

Insider Buying and Selling

In other news, Director John M. Jansen bought 6,000 shares of the company's stock in a transaction on Thursday, March 27th. The shares were acquired at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the transaction, the director now owns 6,000 shares of the company's stock, valued at approximately $147,420. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Co-Founder, CEO Jacob DeWitte 139,635 shares of the firm's stock in a transaction dated Friday, March 28th. Following the completion of the , the insider now directly owns 10,893,926 shares in the company, valued at approximately $249,253,026.88. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this trade can be found here. 18.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Oklo by 92.8% during the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after buying an additional 2,090,154 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Oklo during the 4th quarter valued at about $2,209,000. Steward Partners Investment Advisory LLC lifted its position in shares of Oklo by 2,386.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,325 shares of the company's stock valued at $198,000 after buying an additional 8,950 shares in the last quarter. Alliancebernstein L.P. purchased a new position in shares of Oklo during the 4th quarter valued at about $1,693,000. Finally, Sanctuary Advisors LLC lifted its position in shares of Oklo by 115.9% during the 4th quarter. Sanctuary Advisors LLC now owns 26,590 shares of the company's stock valued at $565,000 after buying an additional 14,272 shares in the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Trading Down 1.2%

Oklo stock traded down $0.79 on Thursday, hitting $63.69. 31,708,898 shares of the stock traded hands, compared to its average volume of 13,732,441. The firm has a market cap of $8.89 billion, a P/E ratio of -11.77 and a beta of 0.58. The business's fifty day simple moving average is $35.82 and its 200 day simple moving average is $31.80. Oklo has a 1 year low of $5.35 and a 1 year high of $71.00.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings data 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 predict that Oklo will post -8.2 earnings per share for the current year.

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.