Brokerages Set Oklo Inc. (NYSE:OKLO) Price Target at $44.25

Oklo Inc. (NYSE:OKLO) has earned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $44.25.

Several equities analysts recently issued reports on OKLO shares. B. Riley lifted their price objective on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Wedbush reaffirmed an “outperform” rating and set a $45.00 price target on shares of Oklo in a research note on Tuesday, March 25th. Citigroup decreased their price objective on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Finally, Craig Hallum began coverage on shares of Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price for the company.

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 41,000 shares of Oklo 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 completion of the sale, the chief executive officer now owns 10,852,926 shares in the company, valued at approximately $236,593,786.80. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 cost of $24.57 per share, with a total value of $147,420.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at $147,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Hedge Funds Weigh In On Oklo

Several institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Oklo in the 3rd quarter worth approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Oklo during the third quarter worth $104,000. Portland Investment Counsel Inc. acquired a new stake in shares of Oklo during the third quarter worth $6,493,000. Atom Investors LP purchased a new stake in shares of Oklo in the third quarter valued at $657,000. Finally, HITE Hedge Asset Management LLC acquired a new position in Oklo in the third quarter valued at $19,753,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Stock Down 3.0 %

Shares of NYSE OKLO opened at $21.72 on Friday. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of -2.14 and a beta of -0.28. Oklo has a 52 week low of $5.35 and a 52 week high of $59.14. The firm has a 50-day moving average price of $36.01 and a 200 day moving average price of $24.86.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Monday, March 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Equities research analysts expect that Oklo will post -8.2 EPS for the current fiscal year.

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.