Oklo (NYSE:OKLO) Given “Buy” Rating at HC Wainwright

Oklo (NYSE:OKLO)‘s stock had its “buy” rating restated by equities research analysts at HC Wainwright in a research note issued on Monday, Benzinga reports. They currently have a $90.00 price objective on the stock. HC Wainwright‘s price objective would suggest a potential upside of 282.21% from the company’s current price.

OKLO has been the topic of a number of other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Oklo in a research note on Wednesday. Wedbush initiated coverage on shares of Oklo in a research report on Tuesday, November 3rd. They issued an “outperform” rating and a $36.00 target price for the company. UBS Group dropped their target price on shares of Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, September 25th. B. Riley Financial cut their price target on shares of Oklo from $92.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Finally, Canaccord Genuity Group reduced their price target on shares of Oklo from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Oklo currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.72.

Oklo Stock Performance

NYSE:OKLO opened at $23.55 on Monday. The company has a market cap of $4.38 billion, a price-to-earnings ratio of -24.53 and a beta of 1.31. Oklo has a fifty-two week low of $18.53 and a fifty-two week high of $117.44. The stock has a fifty day moving average price of $33.56 and a 200-day moving average price of $52.36.

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Friday, November 6th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.05. The company had revenue of $1.86 million during the quarter, compared to the consensus estimate of $1.03 million. During the same quarter in the previous year, the business posted ($0.20) EPS. Research analysts predict that Oklo will post -1.00 EPS for the current fiscal year.

Insider Activity

In other news, insider John Hanson sold 1,034 shares of the company’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $26.71, for a total transaction of $27,618.14. Following the completion of the transaction, the insider directly owned 361,277 shares in the company, valued at approximately $9,649,708.67. This represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Vivek Narayanadas sold 1,021 shares of the company’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $26.50, for a total transaction of $27,056.50. Following the transaction, the general counsel owned 10,669 shares of the company’s stock, valued at $282,728.50. This trade 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. In the last quarter, insiders have sold 350,203 shares of company stock valued at $12,424,945. 12.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oklo

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in Oklo in the second quarter valued at about $24,532,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Oklo during the third quarter worth about $11,483,000. United Capital Management of KS Inc. bought a new stake in shares of Oklo during the third quarter worth about $9,406,000. Bank of America Corp DE grew its holdings in shares of Oklo by 55.3% during the first quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock worth $30,760,000 after purchasing an additional 220,976 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Oklo by 48.5% in the third quarter. Russell Investments Group Ltd. now owns 371,761 shares of the company’s stock valued at $13,763,000 after buying an additional 121,438 shares during the period. Institutional investors own 85.03% of the company’s stock.

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.

Founded in 2013, Oklo is headquartered in Santa Clara, California.