Fintel reports that on September 19, 2024, B. Riley Securities initiated coverage of Oklo (NYSE:OKLO) with a Buy recommendation.
Analyst Price Forecast Suggests 81.29% Upside
As of August 26, 2024, the average one-year price target for Oklo is $11.98/share. The forecasts range from a low of $11.11 to a high of $13.12. The average price target represents an increase of 81.29% from its latest reported closing price of $6.61 / share.
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The projected annual non-GAAP EPS is -0.31.
What is the Fund Sentiment?
There are 119 funds or institutions reporting positions in Oklo. This is an increase of 52 owner(s) or 77.61% in the last quarter. Average portfolio weight of all funds dedicated to OKLO is 0.50%, an increase of 58.55%. Total shares owned by institutions increased in the last three months by 69.78% to 40,132K shares. 
The put/call ratio of OKLO is 0.44, indicating a bullish outlook.
What are Other Shareholders Doing?
Data Collective IV GP holds 6,921K shares representing 5.67% ownership of the company.
Encompass Capital Advisors holds 5,716K shares representing 4.68% ownership of the company. In its prior filing, the firm reported owning 2,834K shares , representing an increase of 50.43%. The firm increased its portfolio allocation in OKLO by 49.11% over the last quarter.
HITE Hedge Asset Management holds 3,920K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 273K shares , representing an increase of 93.03%. The firm increased its portfolio allocation in OKLO by 940.05% over the last quarter.
Tiger Global Management holds 3,057K shares representing 2.50% ownership of the company. No change in the last quarter.
Balyasny Asset Management holds 1,388K shares representing 1.14% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
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This story originally appeared on Fintel.
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