Oklo's (OKLO) "Sell (D)" Rating Reaffirmed at Weiss Ratings

Oklo (NYSE:OKLO - Get Free Report)'s stock had its "sell (d)" rating reissued by equities research analysts at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

Several other research firms have also recently commented on OKLO. HC Wainwright increased their price target on shares of Oklo from $55.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. UBS Group set a $175.00 price target on shares of Oklo in a research note on Thursday, October 9th. The Goldman Sachs Group started coverage on shares of Oklo in a research note on Thursday, September 25th. They issued a "neutral" rating and a $117.00 price objective on the stock. Cantor Fitzgerald set a $73.00 price objective on shares of Oklo and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, BNP Paribas Exane started coverage on shares of Oklo in a research note on Friday, July 25th. They issued an "underperform" rating and a $14.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $98.14.

Oklo Trading Up 9.3%

Shares of Oklo stock opened at $136.25 on Friday. Oklo has a 1-year low of $17.14 and a 1-year high of $193.84. The firm's 50-day moving average price is $108.62 and its two-hundred day moving average price is $70.43. The stock has a market capitalization of $20.11 billion, a price-to-earnings ratio of -324.39 and a beta of 0.69.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). As a group, equities research analysts predict that Oklo will post -8.2 EPS for the current year.

Insider Buying and Selling at Oklo

In other Oklo news, insider William Carroll Murphy Goodwin sold 41,387 shares of Oklo stock in a transaction on Friday, September 5th. The shares were sold at an average price of $70.09, for a total value of $2,900,814.83. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the completion of the sale, the director owned 150,000 shares in the company, valued at $20,064,000. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 491,387 shares of company stock valued at $52,698,580 over the last quarter. 18.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Armstrong Advisory Group Inc. acquired a new position in shares of Oklo during the 3rd quarter worth about $27,000. Private Trust Co. NA acquired a new position in shares of Oklo during the 2nd quarter worth about $25,000. Caldwell Sutter Capital Inc. acquired a new position in shares of Oklo during the 2nd quarter worth about $25,000. Fourth Dimension Wealth LLC increased its stake in shares of Oklo by 125.0% during 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 during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Oklo during the 2nd quarter worth about $28,000. 85.03% of the stock is currently 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.

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