Oklo (NYSE:OKLO) Stock Gets Price Target Trim from Canaccord Genuity Group

Oklo (NYSE:OKLO) had its price objective cut by Canaccord Genuity Group from $100.00 to $66.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also weighed in on the company. UBS Group lowered their target price on Oklo from $55.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday, September 25th. Barclays dropped their price target on Oklo from $76.00 to $59.00 and set an “overweight” rating for the company in a research report on Tuesday, October 20th. Citigroup cut their price target on Oklo from $57.50 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, October 21st. TD Cowen began coverage on shares of Oklo in a research report on Monday, October 26th. They issued a “hold” rating and a $26.00 price objective on the stock. Finally, HC Wainwright reiterated a “buy” rating and issued a $90.00 price objective on shares of Oklo in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.83.

Oklo Price Performance

OKLO opened at $25.92 on Monday. The stock has a market cap of $5.06 billion, a P/E ratio of -27.00 and a beta of 1.31. The stock’s 50 day simple moving average is $32.73 and its 200 day simple moving average is $51.40. Oklo has a 1-year low of $18.53 and a 1-year high of $116.98.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Friday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.05. The firm had revenue of $1.86 million for the quarter, compared to analyst estimates of $1.03 million. During the same period in the prior year, the firm posted ($0.20) earnings per share. Research analysts expect that Oklo will post -0.99 EPS for the current fiscal year.

Insider Buying and Selling at Oklo

In related news, CFO Richard Bealmear sold 16,727 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $25.55, for a total value of $427,374.85. Following the sale, the chief financial officer owned 467,261 shares of the company’s stock, valued at approximately $11,938,518.55. This represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Vivek Narayanadas sold 3,264 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $39.77, for a total value of $129,809.28. Following the sale, the general counsel owned 7,822 shares in the company, valued at approximately $311,080.94. This trade represents a 29.44% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 350,203 shares of company stock worth $12,424,945. 12.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oklo

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised 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 last quarter. Bank of New York Mellon Corp boosted its stake in shares of Oklo by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 516,886 shares of the company’s stock valued at $25,632,000 after acquiring an additional 5,945 shares during the last quarter. Swiss National Bank boosted its stake in shares of Oklo by 7.1% during the first quarter. Swiss National Bank now owns 324,900 shares of the company’s stock valued at $16,112,000 after acquiring an additional 21,400 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Oklo by 48.5% during the third quarter. Russell Investments Group Ltd. now owns 371,761 shares of the company’s stock valued at $13,763,000 after acquiring an additional 121,438 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Oklo during the 3rd quarter worth about $11,483,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo News Summary

These are some of the OKLO news items that stood out recently:

• Positive Sentiment: Oklo’s third-quarter loss was narrower than analysts expected, and HC Wainwright maintained its Buy rating and $90 target while raising several earnings estimates. HC Wainwright estimates and rating
• Positive Sentiment: A previously announced long-term manufacturing agreement with U.S. Forged Rings is intended to secure domestic capacity for major Aurora reactor components, supporting future deployment plans. Oklo manufacturing agreement
• Negative Sentiment: Craig-Hallum cut its price target to $27 from $53 and kept a Hold rating, signaling reduced confidence in near-term upside despite the better-than-expected quarter. Craig-Hallum cuts Oklo target

About Oklo

Oklo Inc. develops advanced nuclear fission power plants designed to provide reliable, carbon-free electricity. Its Aurora powerhouse concept uses fast-reactor technology and is designed to operate with metallic fuel, including fuel derived from recycled nuclear material. Oklo is developing its technology and has not yet established a commercial operating fleet. The company plans to supply electricity through long-term power agreements rather than relying solely on equipment sales. Its prospective customers include data centers, industrial facilities, and other users seeking dependable power, with its development efforts focused primarily on the United States.