UBS Group Has Lowered Expectations for Oklo (NYSE:OKLO) Stock Price

Oklo (NYSE:OKLO) had its price target decreased by analysts at UBS Group from $95.00 to $60.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 13.45% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a research note on Thursday, January 22nd. Needham & Company LLC reduced their target price on Oklo from $135.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Canaccord Genuity Group decreased their price target on Oklo from $175.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Texas Capital raised Oklo to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, Bank of America upgraded Oklo from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $111.00 to $127.00 in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.30.

Oklo Trading Down 4.3%

OKLO stock traded down $2.39 on Thursday, hitting $52.89. 2,585,864 shares of the company’s stock traded hands, compared to its average volume of 10,439,769. Oklo has a 1-year low of $17.42 and a 1-year high of $193.84. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of -73.35 and a beta of 0.80. The stock has a fifty day moving average of $69.81 and a 200-day moving average of $94.42.

Oklo (NYSE:OKLO) last issued its earnings results on Tuesday, March 17th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.10). During the same period in the previous year, the company posted ($0.74) EPS. On average, equities research analysts anticipate that Oklo will post -8.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Oklo news, CFO Richard Craig Bealmear sold 72,090 shares of Oklo stock in a transaction on Friday, March 13th. The shares were sold at an average price of $60.00, for a total transaction of $4,325,400.00. Following the completion of the sale, the chief financial officer owned 386,008 shares of the company’s stock, valued at $23,160,480. This trade represents a 15.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jacob Dewitte sold 231,657 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $99.25, for a total transaction of $22,991,957.25. Following the transaction, the chief executive officer owned 827,019 shares in the company, valued at approximately $82,081,635.75. This represents a 21.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,222,424 shares of company stock worth $100,739,512 over the last ninety days. 18.90% of the stock is currently owned by insiders.

Institutional Trading of Oklo

Several hedge funds and other institutional investors have recently modified their holdings of OKLO. Hsbc Holdings PLC boosted its position in Oklo by 1,184.4% during the fourth quarter. Hsbc Holdings PLC now owns 112,372 shares of the company’s stock valued at $8,063,000 after purchasing an additional 103,623 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Oklo by 427.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 171,128 shares of the company’s stock valued at $12,280,000 after purchasing an additional 138,659 shares in the last quarter. SHP Wealth Management acquired a new position in Oklo in the 4th quarter worth about $32,000. Tulsa Wealth Advisors INC purchased a new stake in shares of Oklo during the 4th quarter worth about $332,000. Finally, Strategic Investment Solutions Inc. IL raised its stake in shares of Oklo by 45.5% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,488 shares of the company’s stock worth $107,000 after purchasing an additional 465 shares in the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

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.