Brokerages Set Oklo Inc. (NYSE:OKLO) PT at $102.87

Shares of Oklo Inc. (NYSE:OKLO) have received an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $102.8667.

Several equities research analysts have recently commented on OKLO shares. Citigroup reiterated a “neutral” rating on shares of Oklo in a research report on Monday, November 24th. Needham & Company LLC began coverage on shares of Oklo in a research note on Friday, December 5th. They issued a “buy” rating and a $135.00 price objective on the stock. Barclays set a $146.00 target price on shares of Oklo in a report on Monday, September 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a research note on Wednesday, October 8th. Finally, William Blair restated an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th.

Insiders Place Their Bets

In other news, CFO Richard Craig Bealmear sold 69,841 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $78.40, for a total transaction of $5,475,534.40. Following the completion of the transaction, the chief financial officer directly owned 202,072 shares in the company, valued at approximately $15,842,444.80. The trade was a 25.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 840,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $82.32, for a total value of $69,148,800.00. Following the completion of the sale, the chief executive officer directly owned 1,580,000 shares of the company’s stock, valued at approximately $130,065,600. This trade represents a 34.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 932,800 shares of company stock worth $76,755,480. Insiders own 18.90% of the company’s stock.

Institutional Investors Weigh In On Oklo

Hedge funds have recently bought and sold shares of the company. Triumph Capital Management acquired a new position in shares of Oklo in the 3rd quarter valued at $49,000. Strategic Investment Solutions Inc. IL bought a new position in Oklo during the third quarter worth about $114,000. Allworth Financial LP grew its stake in Oklo by 10.1% in the third quarter. Allworth Financial LP now owns 2,585 shares of the company’s stock valued at $289,000 after acquiring an additional 238 shares during the period. IFP Advisors Inc increased its holdings in shares of Oklo by 100.9% in the third quarter. IFP Advisors Inc now owns 5,652 shares of the company’s stock worth $631,000 after acquiring an additional 2,839 shares in the last quarter. Finally, Swiss Life Asset Management Ltd acquired a new stake in shares of Oklo during the third quarter worth about $535,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Stock Up 8.4%

OKLO stock opened at $77.76 on Monday. Oklo has a twelve month low of $17.42 and a twelve month high of $193.84. The company has a market cap of $12.15 billion, a P/E ratio of -144.00 and a beta of 0.76. The business has a fifty day moving average of $97.38 and a 200-day moving average of $91.90.

Oklo (NYSE:OKLO) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same period in the previous year, the business posted ($0.08) earnings per share. As a group, equities research analysts anticipate that Oklo will post -8.2 earnings per share for the current fiscal 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.