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

Oklo Inc. (NYSE:OKLO) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $32.50.

A number of brokerages have commented on OKLO. Citigroup boosted their price target on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Craig Hallum began coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price for the company. Finally, Wedbush upped their target price on shares of Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, January 24th.

Oklo Stock Performance

NYSE OKLO opened at $47.75 on Friday. Oklo has a 52 week low of $5.35 and a 52 week high of $52.99. The business has a 50 day moving average price of $26.63 and a 200-day moving average price of $17.39.

Insider Transactions at Oklo

In other news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the sale, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. The trade was a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard Kinzley purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $99,750. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company’s stock.

Institutional Trading of Oklo

Hedge funds have recently added to or reduced their stakes in the stock. HITE Hedge Asset Management LLC purchased a new stake in shares of Oklo during the 3rd quarter worth approximately $19,753,000. Van ECK Associates Corp purchased a new stake in Oklo in the fourth quarter worth $38,661,000. Atomi Financial Group Inc. bought a new stake in shares of Oklo in the fourth quarter valued at $19,285,000. TimesSquare Capital Management LLC purchased a new position in shares of Oklo during the 4th quarter valued at $17,104,000. Finally, Portland Investment Counsel Inc. purchased a new position in shares of Oklo during the 3rd quarter valued at $6,493,000. Institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

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.