Oklo Inc. (NYSE:OKLO) Stock Has Consensus Target Price of $78.47

Shares of Oklo Inc. (NYSE:OKLO) have been given a consensus rating of “Moderate Buy” by the twenty-four ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $73.83.

OKLO has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on Oklo from $51.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, October 22nd. UBS Group lowered their target price on Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, September 25th. Barclays reduced their price objective on shares of Oklo from $76.00 to $59.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th. Citigroup decreased their target price on Oklo from $57.50 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, October 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Oklo in a research note on Friday, August 7th.

Insider Activity

In related news, insider John Hanson sold 1,100 shares of the company’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $37.39, for a total value of $41,129.00. Following the sale, the insider owned 361,350 shares in the company, valued at $13,510,876.50. This represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexandra Renner sold 1,100 shares of the stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $37.39, for a total transaction of $41,129.00. Following the completion of the sale, the insider owned 477,595 shares of the company’s stock, valued at approximately $17,857,277.05. This represents a 0.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 291,374 shares of company stock valued at $10,955,825. Corporate insiders own 12.70% of the company’s stock.

Institutional Trading of Oklo

Several hedge funds have recently added to or reduced their stakes in OKLO. Sei Investments Co. raised its position in shares of Oklo by 344.6% in the first quarter. Sei Investments Co. now owns 50,096 shares of the company’s stock valued at $2,484,000 after purchasing an additional 38,829 shares during the period. Bank of America Corp DE boosted its holdings in shares of Oklo by 55.3% in the first quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock worth $30,760,000 after acquiring an additional 220,976 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Oklo in the second quarter valued at $2,096,000. Hsbc Holdings PLC grew its position in shares of Oklo by 1,184.4% in the fourth quarter. Hsbc Holdings PLC now owns 112,372 shares of the company’s stock valued at $8,063,000 after purchasing an additional 103,623 shares in the last quarter. Finally, Optiver Holding B.V. bought a new stake in shares of Oklo during the 1st quarter valued at $2,414,000. Institutional investors own 85.03% of the company’s stock.

Oklo Stock Performance

Shares of NYSE OKLO opened at $25.18 on Friday. The stock has a market capitalization of $4.68 billion, a P/E ratio of -26.79 and a beta of 1.20. The stock’s fifty day moving average is $35.53 and its 200 day moving average is $54.14. Oklo has a 52 week low of $24.49 and a 52 week high of $141.70.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The company had revenue of $1.21 million for the quarter, compared to analyst estimates of $0.09 million. The firm’s revenue for the quarter was up 11900.0% compared to the same quarter last year. During the same period last year, the company earned ($0.18) earnings per share. Equities research analysts forecast that Oklo will post -1.01 earnings per share for the current year.

Oklo Company Profile

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.