Oklo (NYSE:OKLO) Coverage Initiated at UBS Group

Key Points

• UBS Group has initiated coverage of Oklo (NYSE:OKLO) with a "neutral" rating and a price target of $65.00, suggesting a potential downside of 0.44% from its current price.
• Oklo recently reported a loss of ($0.18) EPS for its last quarter, missing expectations, and analysts predict a full-year loss of -8.2 earnings per share.
• The company’s stock has experienced insider selling, with CEO Jacob Dewitte selling 300,000 shares valued at approximately $16.56 million in June, indicating a 2.88% decrease in his position.

Investment analysts at UBS Group assumed coverage on shares of Oklo (NYSE:OKLO - Get Free Report) in a report released on Wednesday, Marketbeat reports. The firm set a "neutral" rating and a $65.00 price target on the stock. UBS Group's price objective would suggest a potential downside of 0.44% from the company's current price.

OKLO has been the topic of a number of other reports. Seaport Res Ptn upgraded shares of Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. BTIG Research reiterated a "neutral" rating on shares of Oklo in a research report on Tuesday, August 12th. BNP Paribas upgraded shares of Oklo to a "strong sell" rating in a research report on Friday, July 25th. Citigroup raised their target price on shares of Oklo from $30.00 to $68.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Finally, BNP Paribas Exane assumed coverage on shares of Oklo in a report on Friday, July 25th. They issued an "underperform" rating and a $14.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $63.90.

Oklo Stock Down 5.4%

NYSE OKLO opened at $65.2840 on Wednesday. The stock has a market cap of $9.64 billion, a P/E ratio of -155.43 and a beta of 0.60. Oklo has a twelve month low of $5.35 and a twelve month high of $85.35. The company's 50-day simple moving average is $65.43 and its 200 day simple moving average is $44.90.

Oklo (NYSE:OKLO - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Research analysts anticipate that Oklo will post -8.2 earnings per share for the current year.

Insider Activity

In other Oklo news, 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 $557,801,409.60. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Stuart Klein sold 150,000 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $62.74, for a total value of $9,411,000.00. Following the completion of the sale, the director directly owned 250,000 shares in the company, valued at $15,685,000. This represents a 37.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 600,000 shares of company stock worth $35,066,500. 18.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OKLO. Caldwell Sutter Capital Inc. acquired a new stake in shares of Oklo in the 2nd quarter valued at approximately $25,000. Private Trust Co. NA acquired a new position in Oklo during the second quarter worth $25,000. Fourth Dimension Wealth LLC raised its holdings in Oklo by 125.0% during the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company's stock worth $25,000 after purchasing an additional 250 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of Oklo in the fourth quarter worth $27,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Oklo in the second quarter valued at $28,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

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.

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