Oklo (NYSE:OKLO) Stock Rated Outperform in New Coverage at Wedbush

Research analysts at Wedbush assumed coverage on shares of Oklo (NYSE:OKLO) in a research report issued to clients and investors on Tuesday. The firm set an “outperform” rating and a $36.00 price target on the stock. Wedbush‘s target price indicates a potential upside of 53.24% from the stock’s current price.

A number of other brokerages have also issued reports on OKLO. Truist Financial reduced their target price on shares of Oklo from $51.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, October 22nd. TD Cowen initiated coverage on Oklo in a report on Monday, October 26th. They issued a “hold” rating and a $26.00 price target on the stock. Canaccord Genuity Group cut their target price on shares of Oklo from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Oklo in a report on Friday, August 7th. Finally, UBS Group lowered their price target on Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.72.

Oklo Stock Performance

Oklo stock opened at $23.49 on Tuesday. The business’s fifty day moving average is $35.15 and its two-hundred day moving average is $53.77. The firm has a market cap of $4.37 billion, a P/E ratio of -24.99 and a beta of 1.20. Oklo has a 52 week low of $23.44 and a 52 week high of $132.11.

Oklo (NYSE:OKLO) last announced its earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The firm had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. During the same period in the previous year, the business posted ($0.18) EPS. The business’s quarterly revenue was up 11900.0% compared to the same quarter last year. On average, equities research analysts predict that Oklo will post -1.01 earnings per share for the current year.

Insider Activity

In other news, insider William Carroll Murphy Goodwin sold 1,775 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $37.39, for a total transaction of $66,367.25. Following the completion of the sale, the insider owned 46,787 shares in the company, valued at $1,749,365.93. The trade was a 3.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Vivek Narayanadas sold 1,021 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $26.50, for a total value of $27,056.50. Following the transaction, the general counsel owned 10,669 shares in the company, valued at approximately $282,728.50. This trade represents a 8.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 293,476 shares of company stock valued at $11,011,970. Company insiders own 12.70% of the company’s stock.

Institutional Trading of Oklo

A number of institutional investors have recently bought and sold shares of OKLO. Alps Advisors Inc. boosted its stake in shares of Oklo by 51.1% in the third quarter. Alps Advisors Inc. now owns 58,395 shares of the company’s stock valued at $2,162,000 after buying an additional 19,745 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Oklo in the 3rd quarter valued at $11,483,000. Pilgrim Partners Asia Pte Ltd raised its holdings in Oklo by 66.0% in the 3rd quarter. Pilgrim Partners Asia Pte Ltd now owns 1,660 shares of the company’s stock valued at $61,000 after acquiring an additional 660 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Oklo by 159.5% during the 3rd quarter. International Assets Investment Management LLC now owns 30,000 shares of the company’s stock valued at $1,111,000 after acquiring an additional 18,438 shares during the period. Finally, Choreo LLC grew its holdings in shares of Oklo by 4.1% during the 3rd quarter. Choreo LLC now owns 10,478 shares of the company’s stock worth $388,000 after purchasing an additional 412 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

Key Headlines Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Wedbush initiated coverage with an “Outperform” rating, providing a new bullish analyst view on Oklo’s advanced-reactor opportunity. Wedbush Assumes Oklo at Outperform
• Neutral Sentiment: Institutional ownership remains high at approximately 85%. Several funds increased their positions during the third quarter, including Mirae Asset Global Investments, International Assets Investment Management and BOKF, offering some evidence of continued institutional interest despite the stock’s decline.
• Neutral Sentiment: Oklo faces increasing comparison with X-Energy in the small modular reactor market. X-Energy has Amazon as an anchor investor and is advancing a planned four-reactor project for Dow, highlighting the competitive and execution advantages that established strategic partners can provide. X-Energy Has Amazon as an Anchor Customer
• Negative Sentiment: Oklo’s valuation remains a major concern. The company has yet to scale its nuclear operations and reportedly trades at roughly 3,600 times sales, leaving the stock especially sensitive to interest rates and financing conditions. Although the 10-year Treasury yield eased to 4.9%, investors continue to view the company’s high valuation and unproven commercial model as significant risks. The 10-Year Treasury Eased to 4.9%
• Negative Sentiment: Two insiders sold shares, with Alexandra Renner selling 1,068 shares and John Hanson selling 1,034 shares at $26.71. Both transactions covered tax withholding tied to vested equity awards, and each represented less than 0.3% of the insider’s holdings, limiting their significance but still adding marginal selling pressure. Oklo Insider Trading Activity

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.