Brokerages Set Oklo Inc. (NYSE:OKLO) Target Price at $100.57

Oklo Inc. (NYSE:OKLO) has received a consensus rating of “Hold” from the twenty-one research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $102.8667.

A number of brokerages have weighed in on OKLO. William Blair reaffirmed an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. Seaport Res Ptn cut Oklo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. HC Wainwright upped their target price on Oklo from $55.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $122.00 target price on shares of Oklo in a research note on Wednesday, November 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a research report on Wednesday, October 8th.

Oklo Trading Down 6.4%

OKLO stock opened at $104.46 on Thursday. The company has a market cap of $16.32 billion, a PE ratio of -193.44 and a beta of 0.73. The stock has a 50-day moving average price of $120.15 and a two-hundred day moving average price of $87.47. Oklo has a 12-month low of $17.14 and a 12-month high of $193.84.

Oklo (NYSE:OKLO) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter last year, the business earned ($0.08) earnings per share. Equities analysts forecast that Oklo will post -8.2 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the sale, the chief executive officer directly owned 9,780,098 shares of the company’s stock, valued at approximately $1,097,913,801.48. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 5,864 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $88.42, for a total value of $518,494.88. Following the completion of the transaction, the insider owned 13,620 shares in the company, valued at approximately $1,204,280.40. This trade represents a 30.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 467,800 shares of company stock worth $51,531,823. Corporate insiders own 18.90% of the company’s stock.

Institutional Trading of Oklo

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Oklo by 71.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock worth $792,822,000 after purchasing an additional 2,968,981 shares in the last quarter. Vanguard Group Inc. raised its position in Oklo by 33.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock worth $1,294,179,000 after purchasing an additional 2,901,909 shares during the last quarter. State Street Corp lifted its holdings in Oklo by 454.5% during the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock worth $119,743,000 after buying an additional 1,752,946 shares in the last quarter. Geode Capital Management LLC boosted its position in Oklo by 195.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock valued at $125,906,000 after buying an additional 1,488,482 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Oklo by 61.0% in the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock valued at $387,914,000 after buying an additional 1,316,867 shares during the period. 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.