HC Wainwright Initiates Coverage on Oklo (NYSE:OKLO)

Investment analysts at HC Wainwright assumed coverage on shares of Oklo (NYSE:OKLO - Get Free Report) in a note issued to investors on Wednesday, Marketbeat.com reports. The firm set a "buy" rating and a $55.00 price target on the stock. HC Wainwright's price target suggests a potential upside of 131.68% from the company's previous close. HC Wainwright also issued estimates for Oklo's Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.13) EPS, Q4 2025 earnings at ($0.15) EPS, FY2025 earnings at ($0.51) EPS, FY2026 earnings at ($0.64) EPS, FY2027 earnings at ($0.72) EPS, FY2028 earnings at ($0.63) EPS and FY2029 earnings at $0.32 EPS.

OKLO has been the topic of several other research reports. BTIG Research started coverage on Oklo in a report on Friday, April 11th. They set a "neutral" rating on the stock. Craig Hallum assumed coverage on Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective for the company. Citigroup lowered their target price on Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Wedbush reissued an "outperform" rating and issued a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. Finally, B. Riley boosted their target price on shares of Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Oklo currently has an average rating of "Moderate Buy" and a consensus price target of $46.40.

Oklo Stock Performance

Shares of OKLO traded down $0.58 during midday trading on Wednesday, hitting $23.74. 6,533,540 shares of the stock traded hands, compared to its average volume of 11,658,659. Oklo has a 1-year low of $5.35 and a 1-year high of $59.14. The business's 50 day moving average price is $26.45 and its two-hundred day moving average price is $26.53. The firm has a market capitalization of $3.30 billion, a PE ratio of -2.34 and a beta of -0.01.

Oklo (NYSE:OKLO - Get Free Report) last posted its earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). As a group, equities research analysts forecast that Oklo will post -8.2 EPS for the current fiscal year.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 35,365 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the completion of the sale, the chief executive officer now directly owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. This trade represents a 0.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was acquired at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the acquisition, the director now directly owns 6,000 shares in the company, valued at $147,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Oklo

A number of institutional investors have recently modified their holdings of OKLO. Stifel Financial Corp purchased a new stake in shares of Oklo during the third quarter worth $104,000. State Street Corp acquired a new position in Oklo in the 3rd quarter worth about $2,889,000. MML Investors Services LLC purchased a new stake in shares of Oklo during the 3rd quarter worth about $104,000. Barclays PLC acquired a new stake in shares of Oklo during the 3rd quarter valued at about $58,000. Finally, Geode Capital Management LLC bought a new stake in shares of Oklo in the 3rd quarter valued at approximately $5,971,000. 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.