Brokerages Set Oklo Inc. (NYSE:OKLO) Price Target at $32.50

Oklo Inc. (NYSE:OKLO) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $44.50.

OKLO has been the subject of several analyst reports. Craig Hallum initiated coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target for the company. B. Riley increased their target price on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Wedbush increased their target price on shares of Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Citigroup raised their target price on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th.

Oklo Trading Down 6.8 %

OKLO opened at $50.06 on Friday. The stock has a 50-day moving average price of $28.41 and a 200-day moving average price of $18.36. Oklo has a 12-month low of $5.35 and a 12-month high of $59.14.

Insider Activity

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

Hedge Funds Weigh In On Oklo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Oklo by 92.8% during the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company’s stock valued at $92,216,000 after acquiring an additional 2,090,154 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new stake in shares of Oklo during the 3rd quarter worth approximately $19,753,000. Van ECK Associates Corp acquired a new position in shares of Oklo in the 4th quarter valued at $38,661,000. Atomi Financial Group Inc. acquired a new position in shares of Oklo in the 4th quarter valued at $19,285,000. Finally, TimesSquare Capital Management LLC purchased a new stake in Oklo during the fourth quarter worth $17,104,000. 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.