Oklo Inc. (NYSE:OKLO) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Oklo Inc. (NYSE:OKLO – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $73.83.

Several equities research analysts have issued reports on the stock. TD Cowen initiated coverage on shares of Oklo in a research report on Monday. They set a “hold” rating and a $26.00 price objective for the company. B. Riley Financial decreased their target price on shares of Oklo from $92.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group lowered their price target on Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, September 25th. Citigroup dropped their price objective on shares of Oklo from $57.50 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, October 21st. Finally, Barclays cut their price target on Oklo from $76.00 to $59.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th.

Read Our Latest Report on Oklo

Oklo Trading Down 1.2%

NYSE OKLO opened at $26.79 on Friday. The firm’s fifty day moving average price is $35.86 and its two-hundred day moving average price is $54.53. Oklo has a 1 year low of $25.39 and a 1 year high of $145.30. The firm has a market capitalization of $4.98 billion, a P/E ratio of -28.49 and a beta of 1.20.

Oklo (NYSE:OKLO – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The firm had revenue of $1.21 million for the quarter, compared to the consensus estimate of $0.09 million. During the same period in the previous year, the business posted ($0.18) earnings per share. Oklo’s revenue for the quarter was up 11900.0% on a year-over-year basis. On average, research analysts anticipate that Oklo will post -1.01 EPS for the current fiscal year.

Trending Headlines about Oklo

Here are the key news stories impacting Oklo this week:

Insider Activity at Oklo

In other Oklo news, insider Alexandra Renner sold 1,100 shares of Oklo stock in a transaction on Monday, September 28th. The shares were sold at an average price of $37.39, for a total value of $41,129.00. Following the completion of the sale, the insider directly owned 477,595 shares of the company’s stock, valued at approximately $17,857,277.05. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Vivek Narayanadas sold 1,021 shares of the business’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $26.50, for a total value of $27,056.50. Following the completion of the sale, the general counsel directly owned 10,669 shares of the company’s stock, valued at $282,728.50. The trade was a 8.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 291,374 shares of company stock worth $10,955,825. Corporate insiders own 12.70% of the company’s stock.

Hedge Funds Weigh In On Oklo

Several large investors have recently bought and sold shares of OKLO. Costello Asset Management INC grew its holdings in shares of Oklo by 66.7% in the first quarter. Costello Asset Management INC now owns 500 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Oklo during the first quarter valued at approximately $33,000. OLD Second National Bank of Aurora lifted its holdings in Oklo by 142.1% during the third quarter. OLD Second National Bank of Aurora now owns 1,029 shares of the company’s stock worth $38,000 after acquiring an additional 604 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in Oklo by 200.5% during the third quarter. TD Waterhouse Canada Inc. now owns 1,124 shares of the company’s stock worth $41,000 after acquiring an additional 750 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd lifted its holdings in Oklo by 66.0% during the third quarter. Pilgrim Partners Asia Pte Ltd now owns 1,660 shares of the company’s stock worth $61,000 after acquiring an additional 660 shares during the period. 85.03% of the stock is currently owned by institutional investors.

Oklo Company Profile

(Get Free Report)

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.

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Analyst Recommendations for Oklo (NYSE:OKLO)

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