Oklo (NYSE:OKLO) Stock Rating Upgraded by Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Oklo (NYSE:OKLO - Free Report) to an overweight rating in a research note published on Tuesday, Marketbeat reports. Cantor Fitzgerald currently has $73.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Oklo's FY2025 earnings at ($0.22) EPS and FY2026 earnings at ($0.20) EPS.

Several other research firms have also weighed in on OKLO. Daiwa Capital Markets started coverage on Oklo in a report on Friday, July 11th. They set a "neutral" rating and a $58.00 target price on the stock. William Blair initiated coverage on Oklo in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. BTIG Research initiated coverage on Oklo in a research note on Friday, April 11th. They issued a "neutral" rating on the stock. Seaport Res Ptn upgraded Oklo from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 9th. Finally, Daiwa America upgraded Oklo to a "hold" rating in a research note on Friday, July 11th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.25.

Oklo Trading Up 4.0%

NYSE OKLO traded up $2.57 during trading on Tuesday, hitting $66.94. 17,880,807 shares of the company traded hands, compared to its average volume of 14,892,969. Oklo has a 12 month low of $5.35 and a 12 month high of $73.55. The business has a fifty day simple moving average of $51.38 and a 200 day simple moving average of $37.54. The company has a market capitalization of $9.34 billion, a P/E ratio of -12.39 and a beta of 0.57.

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

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the sale, the chief executive officer directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $54.85, for a total value of $2,742,500.00. Following the sale, the director directly owned 200,000 shares in the company, valued at approximately $10,970,000. This trade represents a 20.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 company insiders.

Institutional Investors Weigh In On Oklo

Institutional investors have recently added to or reduced their stakes in the stock. Caldwell Sutter Capital Inc. acquired a new stake in Oklo during the second quarter valued at approximately $25,000. ORG Partners LLC raised its stake in shares of Oklo by 281.0% in the second quarter. ORG Partners LLC now owns 800 shares of the company's stock valued at $41,000 after acquiring an additional 590 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Oklo in the fourth quarter valued at approximately $27,000. SJS Investment Consulting Inc. raised its stake in shares of Oklo by 205.4% in the second quarter. SJS Investment Consulting Inc. now owns 1,350 shares of the company's stock valued at $76,000 after acquiring an additional 908 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new position in shares of Oklo in the fourth quarter valued at approximately $32,000. 85.03% of the stock is owned by institutional investors and hedge funds.

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.