Analysts Set Oklo Inc. (NYSE:OKLO) Price Target at $44.50

Oklo Inc. (NYSE:OKLO) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $44.50.

A number of equities analysts have recently weighed in on OKLO shares. Craig Hallum began coverage on shares of Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price target on the stock. Wedbush upped their target price on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. B. Riley raised their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Citigroup boosted their price target on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th.

Insider Buying and Selling

In related news, Director Richard Kinzley bought 5,000 shares of Oklo stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction that occurred 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 directly owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. bought a new stake in Oklo during the fourth quarter valued at about $27,000. CoreCap Advisors LLC acquired a new position in shares of Oklo during the 4th quarter worth about $32,000. Sandy Spring Bank bought a new stake in Oklo during the 4th quarter valued at approximately $32,000. Covestor Ltd acquired a new stake in Oklo in the 4th quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC bought a new position in Oklo in the 4th quarter worth approximately $43,000. Institutional investors own 85.03% of the company’s stock.

Oklo Trading Down 14.4 %

Oklo stock opened at $25.94 on Tuesday. The firm’s 50 day moving average price is $35.54 and its two-hundred day moving average price is $22.26. Oklo has a twelve month low of $5.35 and a twelve month high of $59.14.

About Oklo

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.