Oklo (NYSE:OKLO) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Oklo (NYSE:OKLO) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. William Blair reissued an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. UBS Group increased their price objective on Oklo from $65.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. BTIG Research reiterated a “neutral” rating on shares of Oklo in a research report on Tuesday, August 12th. Barclays set a $146.00 target price on shares of Oklo in a research note on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oklo in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Oklo has a consensus rating of “Hold” and an average price target of $102.87.

Oklo Trading Down 3.2%

Shares of OKLO opened at $100.56 on Monday. Oklo has a 12-month low of $17.14 and a 12-month high of $193.84. The stock has a market cap of $15.71 billion, a P/E ratio of -186.22 and a beta of 0.73. The company has a 50-day moving average of $119.46 and a two-hundred day moving average of $88.76.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter last year, the business posted ($0.08) EPS. As a group, analysts forecast that Oklo will post -8.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael Stuart Klein sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total value of $6,688,000.00. Following the completion of the sale, the director directly owned 150,000 shares in the company, valued at approximately $20,064,000. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the transaction, the chief executive officer directly owned 9,780,098 shares in the company, valued at approximately $1,097,913,801.48. This represents a 2.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 467,800 shares of company stock worth $51,531,823 over the last 90 days. Corporate insiders own 18.90% of the company’s stock.

Institutional Trading of Oklo

Several institutional investors have recently made changes to their positions in OKLO. LPL Financial LLC raised its position in shares of Oklo by 103.9% in the 1st quarter. LPL Financial LLC now owns 265,241 shares of the company’s stock worth $5,737,000 after buying an additional 135,157 shares during the period. US Bancorp DE grew its position in Oklo by 257.1% during the first quarter. US Bancorp DE now owns 2,432 shares of the company’s stock valued at $53,000 after acquiring an additional 1,751 shares during the period. PNC Financial Services Group Inc. increased its stake in Oklo by 57.8% during the first quarter. PNC Financial Services Group Inc. now owns 10,376 shares of the company’s stock worth $224,000 after acquiring an additional 3,801 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Oklo by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock worth $94,770,000 after purchasing an additional 37,718 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Oklo by 161.7% in the 1st quarter. Deutsche Bank AG now owns 1,748 shares of the company’s stock worth $38,000 after purchasing an additional 1,080 shares during the period. 85.03% of the stock is 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.