Oklo (NYSE:OKLO) Price Target Cut to $111.00 by Analysts at Bank of America

Oklo (NYSE:OKLO) had its price target cut by Bank of America from $117.00 to $111.00 in a report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group assumed coverage on shares of Oklo in a research note on Thursday, October 9th. They issued a “buy” rating and a $175.00 price objective for the company. Cantor Fitzgerald set a $73.00 price target on Oklo and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Seaport Res Ptn downgraded Oklo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. BNP Paribas raised Oklo to a “strong sell” rating in a report on Friday, July 25th. Finally, Barclays set a $146.00 target price on Oklo in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $106.29.

Oklo Price Performance

NYSE:OKLO traded down $9.45 during trading hours on Wednesday, hitting $101.72. The company’s stock had a trading volume of 11,381,873 shares, compared to its average volume of 18,584,340. Oklo has a twelve month low of $17.14 and a twelve month high of $193.84. The stock has a fifty day simple moving average of $121.81 and a 200-day simple moving average of $79.81. The company has a market capitalization of $15.01 billion, a P/E ratio of -188.37 and a beta of 0.70.

Oklo (NYSE:OKLO) last issued its earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same period in the previous year, the business earned ($0.08) earnings per share. On average, equities analysts predict that Oklo will post -8.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Oklo news, CFO Richard Craig Bealmear sold 7,622 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $101.44, for a total transaction of $773,175.68. Following the completion of the sale, the chief financial officer owned 121,913 shares of the company’s stock, valued at approximately $12,366,854.72. This represents a 5.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 491,387 shares of company stock worth $52,698,580. Corporate insiders own 18.90% of the company’s stock.

Institutional Investors Weigh In On Oklo

Several institutional investors and hedge funds have recently made changes to their positions in the business. Caldwell Sutter Capital Inc. bought a new stake in Oklo in the second quarter worth approximately $25,000. Private Trust Co. NA bought a new position in shares of Oklo during the 2nd quarter worth approximately $25,000. Fourth Dimension Wealth LLC grew its position in shares of Oklo by 125.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after buying an additional 250 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in shares of Oklo during the 3rd quarter worth approximately $27,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Oklo in the 2nd quarter valued at $28,000. Institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

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.