Oklo Inc. (NYSE:OKLO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Oklo Inc. (NYSE:OKLO) has earned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $85.0312.

OKLO has been the subject of a number of recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $122.00 target price on shares of Oklo in a research note on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Oklo in a report on Friday, August 7th. Canaccord Genuity Group lowered their price objective on shares of Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Tigress Financial initiated coverage on shares of Oklo in a report on Monday, April 27th. They set a “buy” rating and a $130.00 price objective on the stock. Finally, Guggenheim started coverage on Oklo in a research report on Thursday, June 25th. They issued a “neutral” rating on the stock.

Oklo Stock Performance

Oklo stock opened at $44.39 on Tuesday. The stock has a 50-day moving average of $48.84 and a two-hundred day moving average of $59.00. Oklo has a one year low of $36.61 and a one year high of $193.84. The stock has a market cap of $8.26 billion, a PE ratio of -47.22 and a beta of 1.17.

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The business had revenue of $1.21 million during the quarter, compared to analyst estimates of $0.09 million. During the same period in the previous year, the company posted ($0.18) earnings per share. The business’s quarterly revenue was up 11900.0% on a year-over-year basis. As a group, sell-side analysts predict that Oklo will post -0.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 60,000 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $52.80, for a total value of $3,168,000.00. Following the transaction, the chief executive officer directly owned 511,533 shares of the company’s stock, valued at approximately $27,008,942.40. This represents a 10.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William Carroll Murphy Goodwin sold 10,548 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $58.04, for a total value of $612,205.92. Following the completion of the transaction, the insider directly owned 36,175 shares in the company, valued at $2,099,597. This represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 483,629 shares of company stock valued at $29,855,608. 12.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oklo

A number of large investors have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new position in Oklo in the 2nd quarter worth approximately $226,000. Bank of New York Mellon Corp acquired a new stake in Oklo during the 2nd quarter valued at approximately $24,532,000. Handelsbanken Fonder AB lifted its stake in Oklo by 43.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 52,900 shares of the company’s stock valued at $2,768,000 after acquiring an additional 16,100 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in Oklo by 12.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 36,609 shares of the company’s stock valued at $1,916,000 after acquiring an additional 4,187 shares during the period. Finally, Gradient Investments LLC boosted its holdings in shares of Oklo by 38.6% in the 2nd quarter. Gradient Investments LLC now owns 34,335 shares of the company’s stock valued at $1,797,000 after acquiring an additional 9,570 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.