Analysts Set Oklo Inc. (NYSE:OKLO) PT at $98.14

Shares of Oklo Inc. (NYSE:OKLO) have received a consensus recommendation of “Hold” from the twenty research firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $106.2857.

OKLO has been the topic of several recent research reports. Wedbush reissued an “outperform” rating and issued a $150.00 price target on shares of Oklo in a report on Wednesday. The Goldman Sachs Group started coverage on Oklo in a research report on Thursday, September 25th. They issued a “neutral” rating and a $117.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Oklo in a report on Wednesday. Zacks Research lowered shares of Oklo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, B. Riley increased their price objective on shares of Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday.

Oklo Stock Down 3.6%

Shares of NYSE:OKLO opened at $97.95 on Friday. The company has a market cap of $15.30 billion, a PE ratio of -181.38 and a beta of 0.70. Oklo has a fifty-two week low of $17.14 and a fifty-two week high of $193.84. The firm has a 50-day simple moving average of $123.01 and a 200 day simple moving average of $80.86.

Oklo (NYSE:OKLO) last issued its earnings results on Tuesday, November 11th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter in the prior year, the business posted ($0.08) earnings per share. As a group, research analysts forecast that Oklo will post -8.2 EPS for the current fiscal year.

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total value of $33,678,000.00. Following the sale, the chief executive officer owned 9,780,098 shares in the company, valued at approximately $1,097,913,801.48. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Craig Bealmear sold 92,378 shares of Oklo stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $93.73, for a total value of $8,658,589.94. Following the sale, the chief financial officer directly owned 75,738 shares in the company, valued at approximately $7,098,922.74. This trade represents a 54.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 491,387 shares of company stock worth $52,698,580 in the last quarter. Company insiders own 18.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Arlington Capital Management Inc. bought a new stake in Oklo during the third quarter worth approximately $2,626,000. TRUE Private Wealth Advisors acquired a new position in shares of Oklo during the 3rd quarter valued at $273,000. Virtu Financial LLC acquired a new position in shares of Oklo during the 3rd quarter valued at $10,412,000. Equitable Holdings Inc. bought a new stake in shares of Oklo in the 3rd quarter worth $733,000. Finally, California State Teachers Retirement System lifted its holdings in shares of Oklo by 54.9% in the third quarter. California State Teachers Retirement System now owns 97,641 shares of the company’s stock valued at $10,900,000 after buying an additional 34,587 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.