Brokerages Set Oklo Inc. (NYSE:OKLO) Target Price at $102.87

Oklo Inc. (NYSE:OKLO) has earned an average recommendation of “Hold” from the twenty-one brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating 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.

OKLO has been the topic of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Oklo in a research report on Wednesday, November 12th. Needham & Company LLC started coverage on Oklo in a research note on Friday, December 5th. They set a “buy” rating and a $135.00 target price for the company. Zacks Research raised Oklo from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Canaccord Genuity Group began coverage on Oklo in a research report on Thursday, October 9th. They issued a “buy” rating and a $175.00 price target on the stock. Finally, B. Riley increased their price objective on Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th.

Oklo Stock Up 0.1%

NYSE:OKLO opened at $71.66 on Monday. The company’s 50 day moving average is $99.61 and its 200-day moving average is $91.55. Oklo has a 12 month low of $17.42 and a 12 month high of $193.84. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of -132.70 and a beta of 0.73.

Oklo (NYSE:OKLO) last posted its earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter last year, the business posted ($0.08) EPS. Research analysts predict that Oklo will post -8.2 EPS for the current fiscal year.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 840,000 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $82.32, for a total value of $69,148,800.00. Following the completion of the sale, the chief executive officer directly owned 1,580,000 shares of the company’s stock, valued at $130,065,600. This represents a 34.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William Carroll Murphy Goodwin sold 11,936 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $101.84, for a total transaction of $1,215,562.24. Following the completion of the sale, the insider owned 8,750 shares in the company, valued at $891,100. This represents a 57.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 932,800 shares of company stock worth $76,755,480 in the last ninety days. 18.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oklo

A number of hedge funds and other institutional investors have recently made changes to their positions in OKLO. Black Swift Group LLC acquired a new position in Oklo during the second quarter worth $280,000. Bouvel Investment Partners LLC acquired a new stake in shares of Oklo in the 2nd quarter valued at $2,263,000. Prospera Financial Services Inc grew its holdings in shares of Oklo by 10.0% in the 2nd quarter. Prospera Financial Services Inc now owns 51,435 shares of the company’s stock worth $2,880,000 after purchasing an additional 4,678 shares during the last quarter. Wealthedge Investment Advisors LLC acquired a new stake in shares of Oklo during the 2nd quarter worth about $738,000. Finally, Strs Ohio bought a new position in Oklo during the 2nd quarter valued at about $1,069,000. 85.03% of the stock is owned by institutional investors.

Oklo Company Profile

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.