Oklo Inc. (NYSE:OKLO) Receives $44.25 Consensus PT from Brokerages

Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $44.25.

Several equities analysts recently issued reports on the stock. Citigroup reduced their price target on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Craig Hallum started coverage on Oklo in a report on Tuesday, January 28th. They set a "buy" rating and a $44.00 target price on the stock. Wedbush reissued an "outperform" rating and issued a $45.00 target price on shares of Oklo in a research report on Tuesday, March 25th. Finally, B. Riley lifted their price target on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 6th.

Insider Activity

In related news, Director John M. Jansen bought 6,000 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were purchased at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now owns 6,000 shares in the company, valued at approximately $147,420. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 35,365 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the transaction, the chief executive officer now owns 11,033,561 shares of the company's stock, valued at $277,494,059.15. The trade was a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.80% of the company's stock.

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Institutional Trading of Oklo

Several institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Oklo by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock worth $104,646,000 after buying an additional 74,315 shares in the last quarter. Vanguard Group Inc. raised its holdings in Oklo by 92.8% in the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock worth $92,216,000 after acquiring an additional 2,090,154 shares during the last quarter. HITE Hedge Asset Management LLC bought a new position in Oklo in the 3rd quarter valued at approximately $19,753,000. Van ECK Associates Corp purchased a new stake in Oklo during the 4th quarter valued at $38,661,000. Finally, Atomi Financial Group Inc. bought a new stake in shares of Oklo in the 4th quarter worth $19,285,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Trading Up 10.3 %

NYSE OKLO traded up $2.23 on Friday, hitting $23.86. The company's stock had a trading volume of 7,383,204 shares, compared to its average volume of 17,494,771. The firm has a market cap of $3.32 billion, a P/E ratio of -2.35 and a beta of -0.28. Oklo has a 52-week low of $5.35 and a 52-week high of $59.14. The company's 50-day simple moving average is $36.01 and its 200 day simple moving average is $24.86.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). On average, research analysts forecast that Oklo will post -8.2 EPS for the current fiscal year.

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.