Oklo’s (OKLO) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of Oklo (NYSE:OKLO) in a report published on Monday,Benzinga reports. They currently have a $36.00 target price on the stock.

A number of other equities analysts have also recently issued reports on OKLO. Weiss Ratings restated a “sell (d-)” rating on shares of Oklo in a report on Wednesday, November 4th. Citigroup cut their price objective on Oklo from $57.50 to $33.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 21st. Piper Sandler reduced their target price on Oklo from $55.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. UBS Group reduced their target price on Oklo from $55.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, September 25th. Finally, B. Riley Financial decreased their target price on Oklo from $92.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.83.

Oklo Price Performance

Shares of NYSE OKLO opened at $25.92 on Monday. The company has a market cap of $5.06 billion, a P/E ratio of -27.00 and a beta of 1.31. Oklo has a 1 year low of $18.53 and a 1 year high of $116.98. The firm has a 50-day simple moving average of $32.73 and a two-hundred day simple moving average of $51.40.

Oklo (NYSE:OKLO) last released its earnings results on Friday, November 6th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.05. The business had revenue of $1.86 million for the quarter, compared to the consensus estimate of $1.03 million. During the same period in the prior year, the company posted ($0.20) EPS. As a group, equities research analysts expect that Oklo will post -0.99 EPS for the current year.

Insider Activity

In related news, insider John Hanson sold 1,034 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $26.71, for a total value of $27,618.14. Following the transaction, the insider owned 361,277 shares of the company’s stock, valued at $9,649,708.67. This represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $26.50, for a total value of $27,056.50. Following the completion of the transaction, the general counsel directly owned 10,669 shares in the company, valued at approximately $282,728.50. This trade represents a 8.73% 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 ninety days, insiders have sold 350,203 shares of company stock valued at $12,424,945. Insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Oklo

A number of institutional investors and hedge funds have recently bought and sold shares of OKLO. Citizens Financial Group Inc. RI lifted its holdings in shares of Oklo by 1.0% in the 1st quarter. Citizens Financial Group Inc. RI now owns 18,704 shares of the company’s stock worth $928,000 after buying an additional 182 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Oklo by 0.3% in the first quarter. The Manufacturers Life Insurance Company now owns 70,433 shares of the company’s stock valued at $3,493,000 after acquiring an additional 183 shares in the last quarter. Choreo LLC raised its holdings in shares of Oklo by 4.1% in the third quarter. Choreo LLC now owns 10,478 shares of the company’s stock valued at $388,000 after acquiring an additional 412 shares in the last quarter. IFP Advisors Inc lifted its stake in Oklo by 6.6% in the second quarter. IFP Advisors Inc now owns 7,143 shares of the company’s stock worth $374,000 after acquiring an additional 441 shares during the period. Finally, Diversify Wealth Management LLC lifted its stake in Oklo by 8.8% in the first quarter. Diversify Wealth Management LLC now owns 5,885 shares of the company’s stock worth $292,000 after acquiring an additional 475 shares during the period. 85.03% of the stock is owned by institutional investors.

Oklo News Summary

Here’s some of the latest news about OKLO:

• Positive Sentiment: The U.S. Department of Energy cleared Oklo’s Groves-1 test reactor for unrestricted operations, allowing research, testing and training to begin. The milestone advances development and demonstrates progress, though it is not approval of a commercial power plant. Oklo’s Groves-1 cleared for unrestricted operations
• Positive Sentiment: Oklo’s third-quarter loss was narrower than analysts expected, and HC Wainwright maintained its Buy rating and $90 target while raising several earnings estimates. HC Wainwright estimates and rating
• Neutral Sentiment: Oklo has about $3.1 billion in cash to fund its ambitions, but investors are still awaiting clearer costs for its first Aurora powerhouse and binding commercial customer agreements. OKLO after Q3 earnings

About Oklo

Oklo Inc. develops advanced nuclear fission power plants designed to provide reliable, carbon-free electricity. Its Aurora powerhouse concept uses fast-reactor technology and is designed to operate with metallic fuel, including fuel derived from recycled nuclear material. Oklo is developing its technology and has not yet established a commercial operating fleet. The company plans to supply electricity through long-term power agreements rather than relying solely on equipment sales. Its prospective customers include data centers, industrial facilities, and other users seeking dependable power, with its development efforts focused primarily on the United States.