Oklo Inc. (NYSE:OKLO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Oklo Inc. (NYSE:OKLO) have received a consensus rating of “Moderate Buy” from the twenty-five brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $83.6471.

Several equities analysts recently commented on OKLO shares. Wolfe Research began coverage on Oklo in a research report on Tuesday, May 19th. They set a “peer perform” rating for the company. Truist Financial initiated coverage on Oklo in a report on Monday, July 13th. They issued a “hold” rating and a $55.00 price target on the stock. Royal Bank Of Canada set a $80.00 price target on Oklo in a research report on Friday, May 22nd. Guggenheim assumed coverage on Oklo in a report on Thursday, June 25th. They set a “neutral” rating for the company. Finally, Tigress Financial began coverage on shares of Oklo in a research report on Monday, April 27th. They issued a “buy” rating and a $130.00 price objective on the stock.

Insiders Place Their Bets

In other Oklo news, CFO Richard Craig Bealmear sold 73,081 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $68.42, for a total value of $5,000,202.02. Following the completion of the transaction, the chief financial officer owned 397,642 shares of the company’s stock, valued at $27,206,665.64. The trade was a 15.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jacob Dewitte sold 140,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $68.29, for a total transaction of $9,560,600.00. Following the completion of the transaction, the chief executive officer directly owned 538,039 shares in the company, valued at $36,742,683.31. The trade was a 20.65% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 683,629 shares of company stock valued at $43,902,208 in the last quarter. Corporate insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Oklo

Large investors have recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Oklo by 454.5% during the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock worth $119,743,000 after purchasing an additional 1,752,946 shares during the last quarter. Norges Bank bought a new position in shares of Oklo during the 4th quarter valued at about $73,786,000. Millennium Management LLC raised its holdings in shares of Oklo by 4,974.1% during the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after buying an additional 570,532 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Oklo by 13.9% during the 4th quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock valued at $283,902,000 after buying an additional 481,288 shares in the last quarter. Finally, Clear Street Group Inc. lifted its position in Oklo by 110.5% in the 4th quarter. Clear Street Group Inc. now owns 842,172 shares of the company’s stock worth $60,434,000 after buying an additional 442,172 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo was reported to be part of a new $200 million federal program to accelerate nuclear power for AI data centers, boosting enthusiasm for its growth prospects and potential future contracts. Oklo Joins Trump’s $200M Nuclear Push for AI. Here’s What It Means for OKLO Stock.
• Positive Sentiment: The U.S. Department of Energy granted startup authorization for Oklo’s Groves reactor, clearing the way for fuel loading, startup testing, and first criticality — a concrete regulatory milestone that reduces project risk. Oklo Receives U.S. Department of Energy Startup Authorization for Groves Reactor, Clearing Way for Fuel Loading and First Criticality
• Positive Sentiment: Reports of institutional and options activity suggest some traders are betting on a rebound in Oklo after its sharp pullback from prior highs, adding to near-term trading momentum. The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence

Oklo Trading Down 1.0%

Shares of Oklo stock opened at $44.05 on Friday. The company’s 50-day moving average price is $55.90 and its 200-day moving average price is $64.59. Oklo has a 12-month low of $39.53 and a 12-month high of $193.84. The company has a market cap of $7.66 billion, a price-to-earnings ratio of -52.44 and a beta of 1.14.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.01. During the same quarter in the previous year, the firm posted ($0.07) EPS. On average, sell-side analysts predict that Oklo will post -0.74 earnings per share for the current year.

About Oklo

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.