Oklo Inc. (NYSE:OKLO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Oklo Inc. (NYSE:OKLOGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the nineteen research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $103.20.

Several brokerages recently weighed in on OKLO. Cantor Fitzgerald reiterated an “overweight” rating and issued a $122.00 price objective on shares of Oklo in a research report on Wednesday, November 12th. UBS Group reissued a “neutral” rating on shares of Oklo in a research report on Monday, January 12th. B. Riley Financial lifted their price target on shares of Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Needham & Company LLC restated a “buy” rating on shares of Oklo in a report on Friday, January 9th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Oklo in a research report on Monday, November 24th.

Read Our Latest Report on Oklo

Oklo Price Performance

Oklo stock opened at $63.86 on Tuesday. The firm has a 50 day simple moving average of $80.96 and a 200-day simple moving average of $96.39. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of -118.26 and a beta of 0.76. Oklo has a 1-year low of $17.42 and a 1-year high of $193.84.

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

Insiders Place Their Bets

In other Oklo news, CEO Jacob Dewitte sold 60,000 shares of Oklo stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $74.45, for a total value of $4,467,000.00. Following the completion of the transaction, the chief executive officer directly owned 748,197 shares of the company’s stock, valued at $55,703,266.65. The trade was a 7.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard Craig Bealmear sold 9,726 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $76.93, for a total transaction of $748,221.18. Following the sale, the chief financial officer owned 196,913 shares in the company, valued at $15,148,517.09. This trade represents a 4.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,750,590 shares of company stock valued at $152,068,284 over the last ninety days. Insiders own 18.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Caprock Group LLC acquired a new stake in Oklo in the third quarter valued at approximately $14,829,000. Black Swift Group LLC purchased a new stake in shares of Oklo in the 2nd quarter valued at approximately $280,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Oklo by 48.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,860 shares of the company’s stock valued at $18,403,000 after purchasing an additional 54,080 shares in the last quarter. Prospera Financial Services Inc lifted its position in shares of Oklo by 10.0% during 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. Finally, Wealthedge Investment Advisors LLC acquired a new position in shares of Oklo during the second quarter worth $738,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

About Oklo

(Get Free Report)

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.

Read More

Analyst Recommendations for Oklo (NYSE:OKLO)

Receive News & Ratings for Oklo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oklo and related companies with MarketBeat.com's FREE daily email newsletter.