Oklo (NYSE:OKLO) Given New $28.00 Price Target at Truist Financial

Oklo (NYSE:OKLO) had its target price decreased by Truist Financial from $31.00 to $28.00 in a report released on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

OKLO has been the subject of several other reports. Barclays dropped their price objective on Oklo from $76.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, October 20th. UBS Group reduced their price objective on Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, September 25th. HC Wainwright reiterated a “buy” rating and set a $90.00 target price on shares of Oklo in a research report on Monday, November 9th. Wedbush reissued an “outperform” rating and issued a $36.00 target price on shares of Oklo in a report on Monday, November 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Oklo in a report on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $67.67.

Oklo Stock Performance

OKLO traded down $0.58 on Friday, hitting $23.87. 6,521,215 shares of the company were exchanged, compared to its average volume of 10,581,179. The business’s fifty day moving average is $32.11 and its 200 day moving average is $50.80. Oklo has a fifty-two week low of $18.53 and a fifty-two week high of $115.72. The firm has a market capitalization of $4.66 billion, a P/E ratio of -24.86 and a beta of 1.31.

Oklo (NYSE:OKLO) last issued its earnings results on Friday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.05. The company had revenue of $1.86 million during the quarter, compared to analysts’ expectations of $1.03 million. During the same period last year, the business posted ($0.20) earnings per share. Analysts forecast that Oklo will post -0.99 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Richard Bealmear sold 16,727 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $25.55, for a total value of $427,374.85. Following the sale, the chief financial officer directly owned 467,261 shares in the company, valued at $11,938,518.55. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Vivek Narayanadas sold 1,021 shares of the stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $26.50, for a total transaction of $27,056.50. Following the completion of the sale, the general counsel owned 10,669 shares in the company, valued at $282,728.50. This represents a 8.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 350,203 shares of company stock valued at $12,424,945. 12.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oklo

Large investors have recently bought and sold shares of the stock. Jacobi Capital Management LLC acquired a new position in shares of Oklo in the third quarter worth $27,000. OLD Second National Bank of Aurora lifted its position in shares of Oklo by 142.1% in the third quarter. OLD Second National Bank of Aurora now owns 1,029 shares of the company’s stock valued at $38,000 after acquiring an additional 604 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Oklo by 200.5% during the third quarter. TD Waterhouse Canada Inc. now owns 1,124 shares of the company’s stock valued at $41,000 after acquiring an additional 750 shares during the last quarter. Allianz SE boosted its stake in shares of Oklo by 595.5% during the third quarter. Allianz SE now owns 1,537 shares of the company’s stock valued at $57,000 after acquiring an additional 1,316 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd boosted its stake in shares of Oklo by 66.0% during the third quarter. Pilgrim Partners Asia Pte Ltd now owns 1,660 shares of the company’s stock valued at $61,000 after acquiring an additional 660 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

More Oklo News

These are some of the OKLO news items that stood out recently:

• Positive Sentiment: The Department of Energy cleared Oklo’s Groves-1 reactor for a research and demonstration phase, enabling operations for testing, workforce training and research. This is a development milestone, though it does not mean the reactor is commercially operating or generating material revenue. Article: Oklo Advances Groves-1 Reactor Into Research and Testing Phase
• Negative Sentiment: Truist lowered its price target to $28 from $31 and kept a “hold” rating. While that target implies upside from the cited $23.87 share price, the reduction signals more cautious expectations. Truist Financial rating information
• Negative Sentiment: A separate analysis said Oklo could face a $6.3 billion funding gap, highlighting the substantial financing challenge of building its planned projects. That concern may temper enthusiasm for the operational milestones. Article: Oklo Faces a $6.3 Billion Funding Gap

About Oklo

Oklo Inc. develops advanced nuclear fission power plants designed to provide reliable, carbon-free electricity. Its Aurora powerhouse concept uses fast-reactor technology and is designed to operate with metallic fuel, including fuel derived from recycled nuclear material. Oklo is developing its technology and has not yet established a commercial operating fleet. The company plans to supply electricity through long-term power agreements rather than relying solely on equipment sales. Its prospective customers include data centers, industrial facilities, and other users seeking dependable power, with its development efforts focused primarily on the United States.