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

Oklo Inc. (NYSE:OKLO) has received a consensus rating of “Moderate Buy” from the five analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $44.50.

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

Oklo Stock Up 1.2 %

Oklo stock opened at $55.05 on Friday. The stock’s 50 day simple moving average is $29.69 and its two-hundred day simple moving average is $18.90. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $59.14.

Insider Activity at Oklo

In related news, Director Richard Kinzley bought 5,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $99,750. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at approximately $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. 21.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oklo

A number of hedge funds have recently added to or reduced their stakes in the stock. Sandy Spring Bank purchased a new stake in shares of Oklo in the 4th quarter worth $32,000. Covestor Ltd purchased a new stake in shares of Oklo in the 4th quarter worth $34,000. Anfield Capital Management LLC purchased a new stake in shares of Oklo in the 4th quarter worth $43,000. AlphaQuest LLC purchased a new stake in shares of Oklo in the 4th quarter worth $45,000. Finally, Kozak & Associates Inc. purchased a new stake in shares of Oklo in the 4th quarter worth $57,000. 85.03% of the stock is currently owned by hedge funds and other 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.