Oklo Inc. (NYSE:OKLO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Oklo Inc. (NYSE:OKLOGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, eleven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $82.7778.

OKLO has been the topic of several recent analyst reports. Zacks Research raised Oklo from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. Weiss Ratings raised Oklo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Wolfe Research initiated coverage on Oklo in a research note on Tuesday, May 19th. They set a “peer perform” rating on the stock. Tigress Financial initiated coverage on Oklo in a research note on Monday, April 27th. They set a “buy” rating and a $130.00 target price on the stock. Finally, Citigroup lifted their target price on Oklo from $73.50 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th.

Read Our Latest Report on Oklo

More Oklo News

Here are the key news stories impacting Oklo this week:

Insider Activity at Oklo

In related news, insider William Carroll Murphy Goodwin sold 10,548 shares of Oklo stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total transaction of $612,205.92. Following the sale, the insider owned 36,175 shares of the company’s stock, valued at approximately $2,099,597. This trade represents a 22.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Richard Craig Bealmear sold 73,081 shares of Oklo stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $68.42, for a total value of $5,000,202.02. Following the sale, the chief financial officer directly owned 397,642 shares in the company, valued at $27,206,665.64. This trade represents a 15.53% 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. In the last 90 days, insiders have sold 699,971 shares of company stock valued at $44,221,357. 18.90% of the stock is owned by company insiders.

Institutional Trading of Oklo

Several institutional investors and hedge funds have recently added to or reduced their stakes in OKLO. NBC Securities Inc. increased its stake in Oklo by 75.0% in the 4th quarter. NBC Securities Inc. now owns 350 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. Costello Asset Management INC increased its stake in Oklo by 66.7% in the 1st quarter. Costello Asset Management INC now owns 500 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC increased its stake in Oklo by 356.3% in the 4th quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock worth $26,000 after acquiring an additional 285 shares during the last quarter. Nemes Rush Group LLC bought a new stake in Oklo in the 3rd quarter worth approximately $28,000. Finally, Gilpin Wealth Management LLC bought a new stake in Oklo in the 4th quarter worth approximately $29,000. Institutional investors own 85.03% of the company’s stock.

Oklo Stock Down 0.0%

NYSE OKLO opened at $61.15 on Monday. The stock’s 50-day moving average price is $64.83 and its 200-day moving average price is $70.96. Oklo has a 52 week low of $44.88 and a 52 week high of $193.84. The company has a market capitalization of $10.64 billion, a P/E ratio of -72.80 and a beta of 1.10.

Oklo (NYSE:OKLOGet Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.01. During the same period in the prior year, the company posted ($0.07) earnings per share. Research analysts anticipate that Oklo will post -0.78 EPS for the current year.

About Oklo

(Get Free Report)

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.

Further Reading

Analyst Recommendations for Oklo (NYSE:OKLO)

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