Oklo (NYSE:OKLO) Coverage Initiated by Analysts at Barclays

Key Points

• Oklo's stock has been upgraded to a "strong-buy" rating by Barclays, reflecting positive analyst sentiment towards the company.
• HC Wainwright raised its target price on Oklo’s shares significantly from $55.00 to $90.00, while other analysts have varying ratings, with a consensus price target of $83.77.
• Insider trading activity has been notable, with significant sell-offs totaling $19 million by insiders over the last 90 days, although insiders still own 18.90% of the company's stock.

Stock analysts at Barclays started coverage on shares of Oklo (NYSE:OKLO - Get Free Report) in a research note issued on Monday, MarketBeat reports. The firm set an "overweight" rating on the stock.

A number of other research firms also recently weighed in on OKLO. The Goldman Sachs Group began coverage on shares of Oklo in a research report on Thursday, September 25th. They issued a "neutral" rating and a $117.00 target price for the company. Craig Hallum downgraded shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 target price for the company. in a research report on Monday, June 23rd. Wedbush raised their target price on shares of Oklo from $80.00 to $150.00 and gave the company an "outperform" rating in a research report on Monday, September 22nd. Daiwa America raised shares of Oklo from a "hold" rating to a "strong-buy" rating in a research report on Sunday, July 27th. Finally, Seaport Res Ptn downgraded shares of Oklo from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Oklo presently has a consensus rating of "Hold" and a consensus price target of $83.77.

Oklo Stock Down 4.2%

Shares of OKLO stock opened at $111.58 on Monday. The company has a market capitalization of $16.47 billion, a price-to-earnings ratio of -265.66 and a beta of 0.59. Oklo has a 12-month low of $7.90 and a 12-month high of $144.49. The firm has a fifty day moving average of $84.08 and a 200-day moving average of $55.55.

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

Insider Transactions at Oklo

In other news, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $70.09, for a total transaction of $2,900,814.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Craig Bealmear sold 7,622 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $101.44, for a total transaction of $773,175.68. Following the sale, the chief financial officer owned 121,913 shares of the company's stock, valued at approximately $12,366,854.72. This represents a 5.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 191,387 shares of company stock worth $19,020,580. 18.90% of the stock is owned by insiders.

Institutional Trading of Oklo

Hedge funds have recently modified their holdings of the stock. Caldwell Sutter Capital Inc. acquired a new stake in Oklo in the 2nd quarter worth about $25,000. Private Trust Co. NA acquired a new stake in Oklo in the 2nd quarter worth about $25,000. Fourth Dimension Wealth LLC raised its stake in Oklo by 125.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company's stock worth $25,000 after purchasing an additional 250 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Oklo in the 2nd quarter worth about $28,000. Finally, Creative Financial Designs Inc. ADV raised its stake in Oklo by 107.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company's stock worth $33,000 after purchasing an additional 305 shares in the last quarter. Institutional investors and hedge funds 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.