Oklo (NYSE:OKLO) Receives Outperform Rating from Wedbush

Oklo (NYSE:OKLO)‘s stock had its “outperform” rating reiterated by analysts at Wedbush in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $150.00 target price on the stock. Wedbush’s price target would indicate a potential upside of 44.23% from the company’s previous close.

OKLO has been the subject of several other research reports. Zacks Research cut shares of Oklo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Daiwa Capital Markets upgraded Oklo from a “neutral” rating to an “outperform” rating in a research report on Sunday, July 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a report on Wednesday, October 8th. UBS Group set a $175.00 target price on Oklo in a research report on Thursday, October 9th. Finally, BNP Paribas raised Oklo to a “strong sell” rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $97.71.

Oklo Price Performance

Shares of OKLO opened at $104.00 on Wednesday. Oklo has a 12 month low of $17.14 and a 12 month high of $193.84. The stock has a fifty day moving average price of $121.03 and a 200 day moving average price of $79.59. The company has a market cap of $15.35 billion, a P/E ratio of -247.61 and a beta of 0.70.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Tuesday, November 11th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter in the prior year, the business earned ($0.08) EPS. As a group, research analysts anticipate that Oklo will post -8.2 earnings per share for the current year.

Insider Activity at Oklo

In other Oklo news, CFO Richard Craig Bealmear sold 92,378 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $93.73, for a total transaction of $8,658,589.94. Following the completion of the transaction, the chief financial officer directly owned 75,738 shares of the company’s stock, valued at approximately $7,098,922.74. This trade represents a 54.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total value of $33,678,000.00. Following the transaction, the chief executive officer owned 9,780,098 shares in the company, valued at approximately $1,097,913,801.48. This trade represents a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 491,387 shares of company stock worth $52,698,580 over the last ninety days. Insiders own 18.90% of the company’s stock.

Institutional Trading of Oklo

Several institutional investors have recently modified their holdings of the company. Armstrong Advisory Group Inc. acquired a new position in Oklo during the third quarter worth about $27,000. Gables Capital Management Inc. acquired a new stake in Oklo in the 3rd quarter valued at about $28,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Oklo during the 3rd quarter valued at about $33,000. Rossby Financial LCC grew its stake in shares of Oklo by 75.0% in the 3rd quarter. Rossby Financial LCC now owns 350 shares of the company’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Oklo in the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.