Oklo (NYSE:OKLO) Price Target Raised to $74.00 at CLSA

Oklo (NYSE:OKLO - Get Free Report) had its price objective lifted by analysts at CLSA from $50.00 to $74.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. CLSA's price objective would suggest a potential upside of 40.09% from the stock's current price.

Other equities analysts also recently issued reports about the stock. Citigroup reaffirmed a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th. BTIG Research assumed coverage on Oklo in a report on Friday, April 11th. They issued a "neutral" rating on the stock. HC Wainwright initiated coverage on Oklo in a report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price target for the company. B. Riley raised 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. Finally, Wedbush increased their target price on shares of Oklo from $45.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Oklo presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.67.

Oklo Stock Performance

Shares of NYSE:OKLO traded up $3.95 during midday trading on Tuesday, hitting $52.82. The company's stock had a trading volume of 35,149,676 shares, compared to its average volume of 12,544,497. The company has a market cap of $7.35 billion, a P/E ratio of -9.77 and a beta of -0.02. Oklo has a 12-month low of $5.35 and a 12-month high of $59.14. The business's 50 day simple moving average is $27.25 and its 200 day simple moving average is $28.70.

Oklo (NYSE:OKLO - Get Free Report) last issued its 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, sell-side analysts predict that Oklo will post -8.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Oklo news, Director John M. Jansen bought 6,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $147,420. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jacob Dewitte sold 41,000 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $21.80, for a total transaction of $893,800.00. Following the completion of the sale, the chief executive officer now owns 10,852,926 shares of the company's stock, valued at approximately $236,593,786.80. This trade represents 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 Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Oklo by 92.8% during the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock worth $92,216,000 after purchasing an additional 2,090,154 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Oklo during the 4th quarter worth $2,209,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Oklo by 2,386.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,325 shares of the company's stock worth $198,000 after acquiring an additional 8,950 shares during the period. Strategic Planning Group LLC purchased a new stake in shares of Oklo in the fourth quarter valued at about $3,085,000. Finally, Legacy Bridge LLC purchased a new stake in shares of Oklo in the fourth quarter valued at about $765,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

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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