Brokerages Set Oklo Inc. (NYSE:OKLO) Price Target at $44.25

Oklo Inc. (NYSE:OKLO) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $44.25.

OKLO has been the subject of several recent analyst reports. Citigroup decreased their target price on Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. B. Riley boosted their price objective on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Craig Hallum assumed coverage on shares of Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price on the stock. Finally, Wedbush reissued an “outperform” rating and issued a $45.00 price target on shares of Oklo in a research report on Tuesday, March 25th.

Insider Activity

In related news, Director John M. Jansen purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $147,420. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jacob Dewitte sold 41,000 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $21.80, for a total value of $893,800.00. Following the sale, the chief executive officer now directly owns 10,852,926 shares of the company’s stock, valued at approximately $236,593,786.80. This represents a 0.38 % 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 Investors Weigh In On Oklo

Several hedge funds have recently modified their holdings of OKLO. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Oklo during the 3rd quarter worth $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Oklo during the third quarter worth about $104,000. Portland Investment Counsel Inc. purchased a new position in Oklo during the third quarter worth about $6,493,000. Atom Investors LP acquired a new stake in Oklo in the third quarter valued at about $657,000. Finally, HITE Hedge Asset Management LLC purchased a new stake in Oklo in the 3rd quarter valued at approximately $19,753,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Trading Down 3.0 %

Oklo stock opened at $21.72 on Friday. The company has a fifty day simple moving average of $36.01 and a 200-day simple moving average of $24.86. The stock has a market cap of $3.02 billion, a P/E ratio of -2.14 and a beta of -0.28. Oklo has a 12-month low of $5.35 and a 12-month high of $59.14.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). As a group, sell-side analysts forecast that Oklo will post -8.2 earnings per share for the current fiscal year.

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.