Brokerages Set Oklo Inc. (NYSE:OKLO) Price Target at $44.25

Oklo Inc. (NYSE:OKLO) has received a consensus rating of “Moderate Buy” from five brokerages that cover the company, according to reports from MarketBeat Ratings. Out of these, two analysts have given the stock a hold recommendation while three others have labeled it a buy. Currently, the average target price for Oklo's stock is estimated to be $44.25 based on updates provided by brokers over the past year.

Several analysts have recently shared their views on the stock. For instance, B. Riley increased their price target for Oklo from $27.00 to $58.00 and reiterated a “buy” rating in a report on February 6. Wedbush maintained an “outperform” rating and set a target price of $45.00 on March 25. In contrast, Citigroup lowered its price target from $31.00 to $30.00 and provided a “neutral” rating for Oklo in the same report on March 25. Additionally, Craig Hallum began coverage on Oklo and established a “buy” rating with a price target of $44.00.

Recent Insider Transactions

In other news, CEO Jacob Dewitte sold 41,000 shares of Oklo on March 31 at an average price of $21.80, totaling approximately $893,800. After this sale, he retains ownership of 10,852,926 shares valued at around $236.59 million, marking a 0.38% decrease in his holdings. The details of this transaction are accessible in the SEC filing. In a separate transaction on March 27, Director John M. Jansen acquired 6,000 shares at an average price of $24.57 per share, making the total investment about $147,420, which reflects an increase in his position. The filings regarding these transactions can also be consulted for further insight. Currently, insiders hold about 21.80% of Oklo's shares.

Institutional Investor Activity

Recent transactions involving institutional investors and hedge funds indicate an increasing interest in Oklo. For example, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Oklo worth approximately $135,000 in the third quarter. Likewise, UBS Asset Management Americas LLC acquired a stake valued at $104,000 during the same period. Portland Investment Counsel Inc. made a significant new investment amounting to $6.49 million, while Atom Investors LP bought $657,000 worth of shares. HITE Hedge Asset Management LLC also established a position valued at $19.75 million. Currently, hedge funds and institutional investors own around 85.03% of Oklo's stock.

Stock Performance Overview

As of the latest update, shares of NYSE OKLO opened at $21.72, reflecting a decline of approximately 3.0%. The company holds a market capitalization of $3.02 billion with a price-to-earnings ratio of -2.14 and a beta of -0.28. Over the past year, Oklo's stock has seen a low of $5.35 and a high of $59.14. It has a 50-day moving average of $36.01 along with a 200-day moving average of $24.86.

Oklo recently reported its quarterly earnings on March 24, showing an earnings per share (EPS) of ($0.09), which was slightly below analysts' expectations of ($0.08) per share. Analysts project that Oklo will achieve an EPS of -8.2 for the current fiscal year.

Company Overview

Oklo Inc. specializes in designing and developing fission power plants aimed at providing reliable, commercial-scale energy solutions to clients across the United States. The company also offers recycling services for used nuclear fuel. Founded in 2013, Oklo is headquartered in Santa Clara, California.

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