Analysts Set Oklo Inc. (NYSE:OKLO) PT at $98.14

Shares of Oklo Inc. (NYSE:OKLO) have been assigned a consensus rating of “Hold” from the twenty ratings firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $98.1429.

OKLO has been the subject of a number of research reports. BNP Paribas Exane began coverage on shares of Oklo in a research note on Friday, July 25th. They issued an “underperform” rating and a $14.00 price target for the company. Canaccord Genuity Group started coverage on Oklo in a research note on Thursday, October 9th. They set a “buy” rating and a $175.00 price target for the company. Citigroup increased their price objective on Oklo from $30.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. UBS Group set a $175.00 price objective on Oklo in a report on Thursday, October 9th. Finally, Cantor Fitzgerald set a $73.00 price target on shares of Oklo and gave the company an “overweight” rating in a research report on Tuesday, July 15th.

Oklo Price Performance

OKLO opened at $104.00 on Friday. The firm has a market capitalization of $15.35 billion, a P/E ratio of -247.61 and a beta of 0.70. Oklo has a one year low of $17.14 and a one year high of $193.84. The company has a fifty day moving average price of $121.03 and a 200-day moving average price of $79.59.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Tuesday, November 11th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter in the prior year, the company earned ($0.08) earnings per share. On average, analysts expect that Oklo will post -8.2 earnings per share for the current year.

Insider Buying and Selling at Oklo

In related news, CFO Richard Craig Bealmear sold 92,378 shares of Oklo stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $93.73, for a total value of $8,658,589.94. Following the transaction, the chief financial officer owned 75,738 shares in the company, valued at $7,098,922.74. This trade represents a 54.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $70.09, for a total value of $2,900,814.83. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 491,387 shares of company stock worth $52,698,580 in the last quarter. 18.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oklo

Institutional investors have recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC purchased a new position in shares of Oklo during the first quarter valued at approximately $229,000. Bank of New York Mellon Corp purchased a new position in shares of Oklo during the first quarter valued at about $358,000. Stratos Wealth Partners LTD. raised its stake in Oklo by 75.9% in the first quarter. Stratos Wealth Partners LTD. now owns 23,195 shares of the company’s stock worth $502,000 after buying an additional 10,010 shares in the last quarter. CWM LLC boosted its position in Oklo by 1,409.1% during the 1st quarter. CWM LLC now owns 4,980 shares of the company’s stock valued at $108,000 after acquiring an additional 4,650 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Oklo by 5.4% in the first quarter. Signaturefd LLC now owns 8,962 shares of the company’s stock worth $194,000 after purchasing an additional 462 shares in the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.