Oklo (NYSE:OKLO) Now Covered by Analysts at BNP Paribas Exane

Key Points

• BNP Paribas Exane has initiated coverage on Oklo (NYSE:OKLO) with a rating of "underperform" and set a price target of $14.00, indicating a potential downside of 81.18% from its current price.
• In contrast to BNP's assessment, other analysts have shown positive sentiment, with Seaport Res Ptn raising Oklo to a "strong-buy" rating and CLSA raising its price target to $74.00.
• Oklo's stock has experienced high volatility, with a fifty-two week range between $5.35 and $77.17, impacting its current market cap of $10.38 billion.
• Insiders have sold significant amounts of Oklo stock recently, including CEO Jacob Dewitte, who sold 300,000 shares for approximately $16.56 million.

BNP Paribas Exane began coverage on shares of Oklo (NYSE:OKLO - Free Report) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The firm issued an underperform rating and a $14.00 target price on the stock.

A number of other analysts also recently issued reports on OKLO. Seaport Res Ptn raised Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. HC Wainwright started coverage on Oklo in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price target for the company. Cantor Fitzgerald began coverage on Oklo in a research note on Tuesday, July 15th. They issued an "overweight" rating and a $73.00 price target for the company. BTIG Research began coverage on Oklo in a research note on Friday, April 11th. They set a "neutral" rating for the company. Finally, William Blair began coverage on shares of Oklo in a report on Wednesday, May 28th. They set an "outperform" rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Oklo presently has an average rating of "Moderate Buy" and a consensus price target of $59.33.

Oklo Stock Performance

OKLO stock traded up $0.78 during midday trading on Friday, hitting $75.37. 18,491,087 shares of the company's stock were exchanged, compared to its average volume of 18,484,780. The stock's fifty day moving average price is $56.39 and its 200-day moving average price is $39.62. The company has a market cap of $10.52 billion, a PE ratio of -13.93 and a beta of 0.57. Oklo has a one year low of $5.35 and a one year high of $77.17.

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

Insiders Place Their Bets

In other Oklo news, Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $54.85, for a total transaction of $2,742,500.00. Following the completion of the sale, the director directly owned 200,000 shares in the company, valued at approximately $10,970,000. This trade represents a 20.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $55.20, for a total value of $16,560,000.00. Following the sale, the chief executive officer owned 10,105,098 shares of the company's stock, valued at approximately $557,801,409.60. The trade was a 2.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 600,000 shares of company stock valued at $35,066,500 over the last 90 days. 18.90% of the stock is currently owned by company insiders.

Institutional Trading of Oklo

A number of large investors have recently bought and sold shares of the business. Caldwell Sutter Capital Inc. acquired a new stake in shares of Oklo in the 2nd quarter valued at about $25,000. ORG Partners LLC lifted its position in shares of Oklo by 281.0% during the 2nd quarter. ORG Partners LLC now owns 800 shares of the company's stock worth $41,000 after buying an additional 590 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of Oklo during the 2nd quarter worth approximately $57,000. TD Waterhouse Canada Inc. bought a new position in shares of Oklo during the 4th quarter worth approximately $27,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of Oklo by 205.4% during the 2nd quarter. SJS Investment Consulting Inc. now owns 1,350 shares of the company's stock worth $76,000 after buying an additional 908 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.

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.