Oklo (NYSE:OKLO) Upgraded to "Moderate Buy" at CLSA

CLSA upgraded shares of Oklo (NYSE:OKLO - Free Report) from an outperform rating to a moderate buy rating in a research note released on Tuesday morning, Marketbeat.com reports. CLSA currently has $74.00 price objective on the stock, up from their previous price objective of $50.00.

A number of other analysts also recently commented on OKLO. Craig Hallum initiated coverage on Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 target price on the stock. B. Riley upped their price objective on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Wedbush raised their price objective on shares of Oklo from $45.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Citigroup reiterated a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th. Finally, BTIG Research started coverage on shares of Oklo in a research report on Friday, April 11th. They set a "neutral" rating on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.67.

Oklo Stock Performance

NYSE OKLO traded down $0.15 during trading hours on Tuesday, reaching $52.78. The stock had a trading volume of 23,432,122 shares, compared to its average volume of 12,777,289. The stock has a fifty day moving average of $28.77 and a 200 day moving average of $29.25. The stock has a market cap of $7.35 billion, a P/E ratio of -9.76 and a beta of -0.02. Oklo has a 52-week low of $5.35 and a 52-week high of $59.14.

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

Insider Buying and Selling at Oklo

In other Oklo news, Director John M. Jansen bought 6,000 shares of the stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $24.57 per share, with a total value of $147,420.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at $147,420. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 41,000 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $21.80, for a total transaction of $893,800.00. Following the sale, the chief executive officer now directly owns 10,852,926 shares of the company's stock, valued at $236,593,786.80. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders own 21.80% of the company's stock.

Institutional Trading of Oklo

Several large investors have recently bought and sold shares of OKLO. Rhumbline Advisers purchased a new position in Oklo in the 1st quarter worth approximately $65,000. Intrua Financial LLC grew its stake in shares of Oklo by 4.2% in the first quarter. Intrua Financial LLC now owns 13,375 shares of the company's stock valued at $289,000 after buying an additional 535 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in 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 during the period. Flaharty Asset Management LLC purchased a new stake in shares of Oklo in the 1st quarter valued at approximately $54,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Oklo by 90.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company's stock worth $2,439,000 after buying an additional 53,703 shares during the last quarter. 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.