Oklo (NYSE:OKLO) Given “Outperform” Rating at Wedbush

Oklo (NYSE:OKLO)‘s stock had its “outperform” rating restated by equities research analysts at Wedbush in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $150.00 price target on the stock. Wedbush’s price target points to a potential upside of 44.23% from the stock’s previous close.

A number of other brokerages also recently commented on OKLO. Canaccord Genuity Group assumed coverage on shares of Oklo in a research report on Thursday, October 9th. They set a “buy” rating and a $175.00 price objective on the stock. Daiwa Capital Markets raised shares of Oklo from a “neutral” rating to an “outperform” rating in a research note on Sunday, July 27th. Bank of America lowered their price target on shares of Oklo from $117.00 to $111.00 and set a “neutral” rating on the stock in a report on Wednesday. Zacks Research downgraded shares of Oklo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, UBS Group set a $175.00 price objective on Oklo in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Oklo has a consensus rating of “Hold” and a consensus target price of $97.71.

Oklo Trading Down 6.7%

OKLO stock opened at $104.00 on Wednesday. Oklo has a one year low of $17.14 and a one year high of $193.84. The firm has a 50-day moving average of $121.03 and a two-hundred day moving average of $79.59. The firm has a market capitalization of $15.35 billion, a PE ratio of -247.61 and a beta of 0.70.

Oklo (NYSE:OKLO) last issued its earnings results on Tuesday, November 11th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same period last year, the business earned ($0.08) earnings per share. On average, equities research analysts anticipate that Oklo will post -8.2 earnings per share for the current year.

Insider Buying and Selling at Oklo

In other news, Director Michael Stuart Klein sold 50,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the transaction, the director owned 150,000 shares in the company, valued at approximately $20,064,000. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of Oklo stock in a transaction on Friday, September 5th. The shares were sold at an average price of $70.09, for a total transaction of $2,900,814.83. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 491,387 shares of company stock worth $52,698,580. Company insiders own 18.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Black Swift Group LLC acquired a new position in Oklo in the 2nd quarter valued at $280,000. Bouvel Investment Partners LLC bought a new position in Oklo during the second quarter valued at about $2,263,000. Prospera Financial Services Inc increased its position in shares of Oklo by 10.0% during the second quarter. Prospera Financial Services Inc now owns 51,435 shares of the company’s stock valued at $2,880,000 after purchasing an additional 4,678 shares during the period. Strs Ohio acquired a new position in shares of Oklo in the 2nd quarter valued at $1,069,000. Finally, AlphaQuest LLC raised its position in Oklo by 461.2% in the second quarter. AlphaQuest LLC now owns 6,740 shares of the company’s stock worth $377,000 after purchasing an additional 5,539 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.