Oklo Inc. (NYSE:OKLO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Oklo Inc. (NYSE:OKLO) have been given an average rating of “Moderate Buy” by the nineteen research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $98.9333.

A number of equities analysts have weighed in on the stock. UBS Group reiterated a “neutral” rating on shares of Oklo in a research report on Monday, January 12th. Citigroup restated a “neutral” rating on shares of Oklo in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oklo in a report on Thursday, January 22nd. Barclays reduced their price objective on shares of Oklo from $146.00 to $82.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Finally, Zacks Research lowered Oklo from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd.

Oklo Stock Performance

Shares of Oklo stock opened at $58.36 on Friday. Oklo has a 52-week low of $17.42 and a 52-week high of $193.84. The stock’s 50-day simple moving average is $76.36 and its 200 day simple moving average is $95.19. The stock has a market capitalization of $9.12 billion, a P/E ratio of -108.07 and a beta of 0.80.

Insider Transactions at Oklo

In other Oklo news, CFO Richard Craig Bealmear sold 69,841 shares of Oklo stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $78.40, for a total transaction of $5,475,534.40. Following the completion of the transaction, the chief financial officer owned 202,072 shares of the company’s stock, valued at $15,842,444.80. The trade was a 25.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jacob Dewitte sold 840,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $82.32, for a total value of $69,148,800.00. Following the sale, the chief executive officer owned 1,580,000 shares in the company, valued at approximately $130,065,600. This represents a 34.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,947,546 shares of company stock valued at $164,368,254 in the last ninety days. Insiders own 18.90% of the company’s stock.

Institutional Trading of Oklo

Several institutional investors and hedge funds have recently bought and sold shares of the company. Plancorp LLC grew its position in shares of Oklo by 1.2% during the 3rd quarter. Plancorp LLC now owns 6,089 shares of the company’s stock valued at $680,000 after purchasing an additional 73 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Oklo by 3.7% in the third quarter. Parkside Financial Bank & Trust now owns 2,622 shares of the company’s stock worth $293,000 after buying an additional 94 shares in the last quarter. Prestige Wealth Management Group LLC boosted its stake in Oklo by 1.5% during the third quarter. Prestige Wealth Management Group LLC now owns 7,066 shares of the company’s stock valued at $789,000 after buying an additional 101 shares during the period. Meriwether Wealth & Planning LLC boosted its stake in Oklo by 2.7% during the fourth quarter. Meriwether Wealth & Planning LLC now owns 4,545 shares of the company’s stock valued at $326,000 after buying an additional 120 shares during the period. Finally, Rossby Financial LCC grew its position in Oklo by 75.0% during the third quarter. Rossby Financial LCC now owns 350 shares of the company’s stock worth $41,000 after buying an additional 150 shares in the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

About Oklo

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.