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

Key Points

• Oklo Inc. has received a consensus rating of "Hold" from analysts, with three sell, seven hold, eight buy, and one strong buy ratings among the nineteen analysts covering the stock.
• Significant insider selling has been reported, with CFO Richard Craig Bealmear selling over 7,600 shares and Director Michael Stuart Klein selling 50,000 shares, reflecting a decrease in their ownership stakes.
• Oklo's shares opened at $173.14, with a market cap of $25.56 billion, and the company reported a quarterly loss of ($0.18) EPS, missing consensus estimates by ($0.06).

Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) have been given a consensus rating of "Hold" by the nineteen analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $98.1429.

Several research analysts recently issued reports on OKLO shares. Daiwa Capital Markets raised Oklo from a "neutral" rating to an "outperform" rating in a research report on Sunday, July 27th. UBS Group set a $175.00 price target on Oklo in a report on Thursday, October 9th. Wedbush increased their price target on Oklo from $80.00 to $150.00 and gave the stock an "outperform" rating in a report on Monday, September 22nd. William Blair reiterated an "outperform" rating on shares of Oklo in a report on Tuesday, August 12th. Finally, BNP Paribas upgraded Oklo to a "strong sell" rating in a report on Friday, July 25th.

Insiders Place Their Bets

In other news, CFO Richard Craig Bealmear sold 7,622 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $101.44, for a total value of $773,175.68. Following the completion of the sale, the chief financial officer directly owned 121,913 shares in the company, valued at $12,366,854.72. This trade represents a 5.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Stuart Klein sold 50,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $133.76, for a total value of $6,688,000.00. Following the completion of the sale, the director owned 150,000 shares of the company's stock, valued at approximately $20,064,000. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 491,387 shares of company stock valued at $52,698,580. 18.90% of the stock is currently owned by insiders.

Institutional Trading of Oklo

Several large investors have recently made changes to their positions in the company. Wealth Alliance Advisory Group LLC acquired a new stake in shares of Oklo in the 3rd quarter valued at about $201,000. Farther Finance Advisors LLC grew its stake in shares of Oklo by 29.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,585 shares of the company's stock valued at $1,182,000 after buying an additional 2,435 shares during the period. HBK Sorce Advisory LLC acquired a new stake in shares of Oklo in the 3rd quarter valued at about $384,000. Exchange Traded Concepts LLC lifted its position in Oklo by 6.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 210,773 shares of the company's stock valued at $23,529,000 after acquiring an additional 11,968 shares in the last quarter. Finally, Private Client Services LLC bought a new position in Oklo in the 3rd quarter valued at about $221,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Stock Up 1.2%

Shares of NYSE:OKLO opened at $173.14 on Wednesday. The firm has a market cap of $25.56 billion, a P/E ratio of -412.22 and a beta of 0.69. Oklo has a 12-month low of $9.54 and a 12-month high of $183.20. The business has a fifty day simple moving average of $97.31 and a 200 day simple moving average of $63.46.

Oklo (NYSE:OKLO - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.06). As a group, equities research analysts expect that Oklo will post -8.2 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.