Oklo Inc. (NYSE:OKLO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Oklo Inc. (NYSE:OKLO) have been given an average rating of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $52.67.

OKLO has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded Oklo from a “hold” rating to a “strong-buy” rating in a research report on Monday. Wedbush upped their target price on Oklo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, May 23rd. HC Wainwright assumed coverage on Oklo in a research report on Wednesday, April 23rd. They set a “buy” rating and a $55.00 price target for the company. BTIG Research began coverage on Oklo in a report on Friday, April 11th. They set a “neutral” rating for the company. Finally, Citigroup reaffirmed a “neutral” rating on shares of Oklo in a research note on Wednesday, May 14th.

Oklo Stock Performance

Shares of OKLO opened at $68.26 on Thursday. Oklo has a 52-week low of $5.35 and a 52-week high of $68.91. The stock’s 50-day simple moving average is $34.10 and its 200 day simple moving average is $31.16. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of -12.62 and a beta of 0.58.

Oklo (NYSE:OKLO) last posted its earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. On average, research analysts forecast that Oklo will post -8.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Oklo news, Director John M. Jansen acquired 6,000 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of $24.57 per share, with a total value of $147,420.00. Following the purchase, the director now owns 6,000 shares of the company’s stock, valued at approximately $147,420. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jacob Dewitte sold 35,365 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75. Following the transaction, the chief executive officer now directly owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. This represents a 0.32% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company’s stock.

Institutional Trading of Oklo

Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers purchased a new position in Oklo in the 1st quarter worth approximately $65,000. Intrua Financial LLC increased its stake in shares of Oklo by 4.2% in the first quarter. Intrua Financial LLC now owns 13,375 shares of the company’s stock worth $289,000 after buying an additional 535 shares during the period. Geneos Wealth Management Inc. boosted its position in Oklo by 24.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 36,973 shares of the company’s stock valued at $800,000 after buying an additional 7,352 shares during the period. Flaharty Asset Management LLC bought a new stake in Oklo in the 1st quarter worth $54,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Oklo by 90.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company’s stock valued at $2,439,000 after acquiring an additional 53,703 shares during the period. 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.