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

by · The Markets Daily

Oklo Inc. (NYSE:OKLO – Get Free Report) has earned a consensus rating of “Moderate Buy” from the four analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $15.33.

Several equities research analysts recently commented on OKLO shares. B. Riley started coverage on shares of Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target for the company. Citigroup reduced their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Wedbush assumed coverage on Oklo in a report on Thursday, December 19th. They set an “outperform” rating and a $26.00 price target on the stock. Finally, Seaport Res Ptn raised Oklo to a “hold” rating in a research note on Friday, September 6th.

View Our Latest Stock Report on OKLO

Oklo Stock Up 7.2 %

OKLO stock opened at $23.61 on Thursday. Oklo has a one year low of $5.35 and a one year high of $28.12. The firm has a 50-day moving average of $21.35 and a two-hundred day moving average of $12.80.

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 21.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oklo

Several institutional investors have recently made changes to their positions in OKLO. HITE Hedge Asset Management LLC bought a new stake in Oklo in the third quarter worth approximately $19,753,000. Portland Investment Counsel Inc. bought a new stake in Oklo in the third quarter worth $6,493,000. Readystate Asset Management LP acquired a new position in Oklo during the third quarter worth $6,193,000. Geode Capital Management LLC bought a new position in Oklo during the third quarter valued at about $5,971,000. Finally, State Street Corp acquired a new stake in shares of Oklo in the third quarter worth about $2,889,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

About Oklo

(Get Free Report

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.

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