Oklo (NYSE:OKLO) Now Covered by William Blair

William Blair started coverage on shares of Oklo (NYSE:OKLO) in a research note issued on Wednesday,Benzinga reports. The brokerage set an “outperform” rating on the stock.

Other equities analysts have also issued research reports about the stock. CLSA raised their price objective on shares of Oklo from $50.00 to $74.00 and gave the company an “outperform” rating in a research report on Tuesday. Wedbush increased their price target on shares of Oklo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, May 23rd. B. Riley raised their price target on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Craig Hallum started coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, Citigroup reissued a “neutral” rating on shares of Oklo in a report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.67.

Oklo Price Performance

NYSE OKLO opened at $53.79 on Wednesday. Oklo has a 12 month low of $5.35 and a 12 month high of $59.14. The company’s 50 day simple moving average is $27.77 and its 200 day simple moving average is $28.87. The company has a market capitalization of $7.49 billion, a P/E ratio of -9.94 and a beta of -0.02.

Oklo (NYSE:OKLO) last posted its quarterly 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. On average, analysts anticipate that Oklo will post -8.2 earnings per share for the current year.

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 41,000 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $21.80, for a total transaction of $893,800.00. Following the transaction, the chief executive officer now directly owns 10,852,926 shares in the company, valued at $236,593,786.80. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John M. Jansen bought 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at $147,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Oklo

Several institutional investors have recently made changes to their positions in OKLO. Barclays PLC boosted its holdings in Oklo by 5.7% during the fourth quarter. Barclays PLC now owns 7,666 shares of the company’s stock valued at $163,000 after purchasing an additional 416 shares in the last quarter. Signaturefd LLC lifted its position in shares of Oklo by 5.4% during the 1st quarter. Signaturefd LLC now owns 8,962 shares of the company’s stock worth $194,000 after buying an additional 462 shares during the period. Spire Wealth Management grew its position in Oklo by 14.1% in the first quarter. Spire Wealth Management now owns 3,896 shares of the company’s stock valued at $84,000 after acquiring an additional 481 shares during the period. Ancora Advisors LLC raised its stake in Oklo by 18.2% during the fourth quarter. Ancora Advisors LLC now owns 4,610 shares of the company’s stock worth $98,000 after acquiring an additional 710 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its holdings in shares of Oklo by 5.4% during the first quarter. Sowell Financial Services LLC now owns 15,275 shares of the company’s stock valued at $330,000 after acquiring an additional 782 shares during the period. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Company Profile

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.