Oklo (NYSE:OKLO) Downgraded by Craig Hallum to Hold

Oklo (NYSE:OKLO - Get Free Report) was downgraded by equities research analysts at Craig Hallum from a "buy" rating to a "hold" rating in a research note issued on Monday, MarketBeat reports. They currently have a $59.00 price target on the stock. Craig Hallum's price objective points to a potential upside of 2.14% from the company's previous close.

Other equities research analysts have also issued research reports about the stock. HC Wainwright began coverage on shares of Oklo in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 target price on the stock. Seaport Res Ptn raised Oklo from a "hold" rating to a "strong-buy" rating in a report on Monday, June 9th. Wedbush set a $75.00 target price on Oklo and gave the stock an "outperform" rating in a research report on Thursday, June 12th. William Blair initiated coverage on Oklo in a research report on Wednesday, May 28th. They set an "outperform" rating on the stock. Finally, BTIG Research started coverage on Oklo in a research note on Friday, April 11th. They set a "neutral" rating on the stock. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Oklo presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.50.

Oklo Stock Down 6.9%

Shares of OKLO opened at $57.76 on Monday. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of -10.68 and a beta of 0.57. The business's 50 day moving average is $39.76 and its two-hundred day moving average is $33.29. Oklo has a 52-week low of $5.35 and a 52-week high of $73.55.

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

Insider Transactions at Oklo

In other Oklo news, Director John M. Jansen acquired 6,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average cost of $24.57 per share, with a total value of $147,420.00. Following the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at $147,420. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the sale, the chief executive officer now directly owns 11,033,561 shares in the company, valued at $277,494,059.15. The trade was a 0.32% decrease in their position. The disclosure for this sale can be found here. Insiders own 18.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers acquired a new stake in Oklo in the first quarter worth about $65,000. Intrua Financial LLC raised its position in shares of Oklo by 4.2% during the 1st quarter. Intrua Financial LLC now owns 13,375 shares of the company's stock worth $289,000 after buying an additional 535 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Oklo by 24.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 36,973 shares of the company's stock worth $800,000 after buying an additional 7,352 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Oklo in the 1st quarter worth approximately $54,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Oklo by 90.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company's stock valued at $2,439,000 after acquiring an additional 53,703 shares in the last quarter. Institutional investors own 85.03% of the company's stock.

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.

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