Oklo Inc. (NYSE:OKLO) Receives $44.50 Average Price Target from Analysts

Oklo Inc. (NYSE:OKLO) has been given an average rating of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $44.50.

Several research analysts have commented on the company. Citigroup lifted their price target on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Craig Hallum assumed coverage on Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price on the stock. Wedbush boosted their target price on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, B. Riley boosted their target price on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th.

Oklo Stock Up 1.1 %

OKLO opened at $26.26 on Tuesday. Oklo has a 52 week low of $5.35 and a 52 week high of $59.14. The business’s 50 day moving average is $35.61 and its two-hundred day moving average is $22.50.

Insider Activity

In other Oklo news, Director Richard Kinzley acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of $19.95 per share, with a total value of $99,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $99,750. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the sale, the chief executive officer now owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company’s stock.

Institutional Trading of Oklo

A number of institutional investors have recently bought and sold shares of OKLO. TD Waterhouse Canada Inc. purchased a new stake in Oklo during the fourth quarter worth $27,000. Sandy Spring Bank purchased a new stake in Oklo during the fourth quarter worth $32,000. CoreCap Advisors LLC purchased a new stake in Oklo during the fourth quarter worth $32,000. Covestor Ltd purchased a new stake in Oklo during the fourth quarter worth $34,000. Finally, Anfield Capital Management LLC purchased a new stake in Oklo during the fourth quarter worth $43,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

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.