Oklo Inc. (NYSE:OKLO) Given Average Recommendation of “Moderate Buy” by Brokerages

Oklo Inc. (NYSE:OKLO) has been given an average rating of “Moderate Buy” by the twenty-five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, eleven have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $84.00.

A number of brokerages have commented on OKLO. Bank of America began coverage on Oklo in a research note on Friday, May 22nd. They issued a “buy” rating and a $80.00 target price on the stock. UBS Group reduced their price target on Oklo from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, June 11th. Cantor Fitzgerald restated an “overweight” rating and issued a $122.00 price objective on shares of Oklo in a report on Wednesday, May 13th. Guggenheim began coverage on shares of Oklo in a research report on Thursday, June 25th. They set a “neutral” rating on the stock. Finally, Truist Financial began coverage on shares of Oklo in a research report on Monday, July 13th. They issued a “hold” rating and a $55.00 target price for the company.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 60,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $52.80, for a total value of $3,168,000.00. Following the completion of the sale, the chief executive officer owned 511,533 shares of the company’s stock, valued at $27,008,942.40. The trade was a 10.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard Craig Bealmear sold 73,081 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $68.42, for a total value of $5,000,202.02. Following the sale, the chief financial officer owned 397,642 shares of the company’s stock, valued at approximately $27,206,665.64. This trade represents a 15.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 683,629 shares of company stock valued at $43,902,208. Insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Oklo

A number of large investors have recently added to or reduced their stakes in the stock. Meriwether Wealth & Planning LLC lifted its position in shares of Oklo by 2.7% in the 4th quarter. Meriwether Wealth & Planning LLC now owns 4,545 shares of the company’s stock worth $326,000 after acquiring an additional 120 shares during the period. NBC Securities Inc. increased its position in shares of Oklo by 75.0% during the fourth quarter. NBC Securities Inc. now owns 350 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. Vantage Point Financial LLC raised its stake in shares of Oklo by 0.8% in the fourth quarter. Vantage Point Financial LLC now owns 21,222 shares of the company’s stock valued at $1,523,000 after purchasing an additional 169 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Oklo by 6.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,800 shares of the company’s stock valued at $313,000 after purchasing an additional 174 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in Oklo by 1.0% in the first quarter. Citizens Financial Group Inc. RI now owns 18,704 shares of the company’s stock worth $928,000 after purchasing an additional 182 shares during the period. Institutional investors own 85.03% of the company’s stock.

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo was included in a $200 million Trump administration push to speed nuclear power deployment for AI data centers, boosting confidence in demand for its small modular reactor technology. Article Title
• Positive Sentiment: A Bloomberg-reported document showed Oklo joining tech giants and X-Energy in a Trump administration program aimed at accelerating new nuclear power plants for AI data centers, another sign of policy support for the sector. Article Title
• Neutral Sentiment: Options activity has also drawn attention, with traders making large bullish bets on Oklo, suggesting speculation that the stock could rebound from deeply oversold levels. Article Title
• Negative Sentiment: Recent coverage also highlighted Oklo’s steep decline from its highs, weak recent performance, and execution risks tied to widening losses and the lack of profits, which continue to weigh on the stock. Article Title

Oklo Stock Performance

Oklo stock opened at $44.08 on Friday. Oklo has a twelve month low of $39.53 and a twelve month high of $193.84. The firm has a market cap of $7.67 billion, a PE ratio of -52.47 and a beta of 1.14. The firm’s 50 day moving average price is $56.87 and its two-hundred day moving average price is $65.02.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.01. During the same quarter in the previous year, the firm earned ($0.07) EPS. Equities analysts anticipate that Oklo will post -0.74 EPS for the current fiscal year.

Oklo Company Profile

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.