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

Shares of Oklo Inc. (NYSE:OKLO) have received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $44.50.

A number of research firms have recently weighed in on OKLO. Citigroup upped their target price on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Wedbush upped their target price on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. B. Riley upped their target price on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Craig Hallum began coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price for the company.

Insider Buying and Selling

In other Oklo news, Director Richard Kinzley acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $99,750. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oklo

Institutional investors and hedge funds have recently bought and sold shares of the company. Portland Investment Counsel Inc. acquired a new position in Oklo in the 3rd quarter worth about $6,493,000. HITE Hedge Asset Management LLC acquired a new position in Oklo in the 3rd quarter worth about $19,753,000. Atomi Financial Group Inc. acquired a new position in Oklo in the 4th quarter worth about $19,285,000. Archford Capital Strategies LLC acquired a new position in Oklo in the 4th quarter worth about $212,000. Finally, Barclays PLC acquired a new position in Oklo in the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Trading Down 12.0 %

NYSE:OKLO opened at $29.38 on Tuesday. The stock has a fifty day moving average price of $35.22 and a 200-day moving average price of $22.01. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $59.14.

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.