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

Shares of Oklo Inc. (NYSE:OKLO) have received an average rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $44.50.

OKLO has been the topic of several recent analyst reports. B. Riley boosted their price objective on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Citigroup upped their target price on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Craig Hallum began coverage on Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price on the stock. Finally, Wedbush upped their target price on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, January 24th.

Oklo Trading Down 9.6 %

Shares of Oklo stock opened at $23.74 on Tuesday. The company’s 50-day moving average price is $35.61 and its two-hundred day moving average price is $22.73. Oklo has a 52 week low of $5.35 and a 52 week high of $59.14.

Insider Transactions at Oklo

In related news, Director Richard Kinzley purchased 5,000 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $19.95 per share, with a total value of $99,750.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $99,750. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction that occurred on 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 of the company’s stock, valued at $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.80% of the company’s stock.

Institutional Trading of Oklo

Several institutional investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new stake in shares of Oklo in the 4th quarter valued at about $27,000. CoreCap Advisors LLC bought a new position in shares of Oklo in the fourth quarter worth $32,000. Sandy Spring Bank bought a new position in shares of Oklo in the fourth quarter worth $32,000. Covestor Ltd bought a new position in shares of Oklo in the fourth quarter worth $34,000. Finally, Anfield Capital Management LLC bought a new position in shares of Oklo in the fourth quarter worth $43,000. 85.03% of the stock is currently owned by institutional investors.

About Oklo

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.