Oklo Inc. (NYSE:OKLO) Receives $22.33 Consensus Price Target from Analysts

Oklo Inc. (NYSE:OKLO) has been given an average recommendation of “Moderate Buy” by the four research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $22.33.

A number of research analysts have recently commented on OKLO shares. Citigroup upped their target price on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Wedbush started coverage on Oklo in a research note on Thursday, December 19th. They set an “outperform” rating and a $26.00 target price on the stock. Finally, B. Riley started coverage on Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 target price on the stock.

Insider Activity at Oklo

In related news, Director Richard Kinzley purchased 5,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $19.95 per share, with a total value of $99,750.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,750. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction dated 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 directly owns 12,543,085 shares in the company, valued at $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Oklo

Hedge funds have recently modified their holdings of the company. Kozak & Associates Inc. purchased a new stake in shares of Oklo during the 4th quarter worth about $57,000. Wolff Wiese Magana LLC purchased a new stake in shares of Oklo during the 4th quarter worth about $99,000. Barclays PLC purchased a new stake in shares of Oklo during the 3rd quarter worth about $58,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Oklo during the 3rd quarter worth about $94,000. Finally, Peapack Gladstone Financial Corp purchased a new stake in shares of Oklo during the 3rd quarter worth about $100,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Price Performance

Shares of NYSE OKLO opened at $24.20 on Monday. The business’s 50 day moving average is $22.44 and its two-hundred day moving average is $14.33. Oklo has a 1-year low of $5.35 and a 1-year high of $31.91.

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.