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

Oklo Inc. (NYSE:OKLO) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $46.40.

Several equities analysts have recently issued reports on OKLO shares. Citigroup reissued a “neutral” rating on shares of Oklo in a report on Wednesday. Craig Hallum began coverage on Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price target for the company. BTIG Research began coverage on Oklo in a report on Friday, April 11th. They issued a “neutral” rating for the company. HC Wainwright began coverage on Oklo in a report on Wednesday, April 23rd. They issued a “buy” rating and a $55.00 price target for the company. Finally, B. Riley upped their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th.

Oklo Stock Up 0.7%

Shares of OKLO stock opened at $37.67 on Friday. The stock has a market cap of $5.24 billion, a PE ratio of -6.96 and a beta of -0.02. The business has a 50-day simple moving average of $25.42 and a 200-day simple moving average of $27.85. Oklo has a 52-week low of $5.35 and a 52-week high of $59.14.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. Sell-side analysts anticipate that Oklo will post -8.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John M. Jansen acquired 6,000 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was bought at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the purchase, the director now owns 6,000 shares in the company, valued at approximately $147,420. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Co-Founder, CEO Jacob DeWitte 139,635 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. Following the completion of the , the insider now directly owns 10,893,926 shares in the company, valued at $249,253,026.88. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this trade can be found here. 21.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oklo

Several large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Oklo by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company’s stock worth $104,646,000 after buying an additional 74,315 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Oklo by 0.9% in the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock valued at $94,770,000 after purchasing an additional 37,718 shares in the last quarter. Van ECK Associates Corp purchased a new stake in shares of Oklo in the fourth quarter valued at approximately $38,661,000. Compound Planning Inc. grew its position in shares of Oklo by 6.2% in the first quarter. Compound Planning Inc. now owns 964,827 shares of the company’s stock valued at $20,869,000 after purchasing an additional 56,437 shares in the last quarter. Finally, Atomi Financial Group Inc. purchased a new stake in shares of Oklo in the fourth quarter valued at approximately $19,285,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

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.