Renaissance Technologies LLC Purchases Shares of 424,300 Oklo Inc. (NYSE:OKLO)

Renaissance Technologies LLC acquired a new stake in Oklo Inc. (NYSE:OKLO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 424,300 shares of the company's stock, valued at approximately $9,008,000. Renaissance Technologies LLC owned about 0.35% of Oklo at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sandy Spring Bank purchased a new stake in Oklo in the 4th quarter valued at $32,000. Anfield Capital Management LLC purchased a new stake in shares of Oklo in the fourth quarter valued at about $43,000. AlphaQuest LLC acquired a new stake in shares of Oklo during the fourth quarter worth about $45,000. Kozak & Associates Inc. acquired a new stake in shares of Oklo during the fourth quarter worth about $57,000. Finally, Barclays PLC purchased a new position in shares of Oklo during the third quarter worth about $58,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oklo

In other news, CEO Jacob Dewitte sold 35,365 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the completion of the transaction, the chief executive officer now owns 11,033,561 shares of the company's stock, valued at $277,494,059.15. The trade was a 0.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John M. Jansen acquired 6,000 shares of Oklo stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the purchase, the director now directly owns 6,000 shares of the company's stock, valued at approximately $147,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on OKLO. Craig Hallum initiated coverage on Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 target price on the stock. Wedbush restated an "outperform" rating and set a $45.00 price objective on shares of Oklo in a research report on Tuesday, March 25th. BTIG Research started coverage on shares of Oklo in a research note on Friday, April 11th. They set a "neutral" rating on the stock. B. Riley raised their price objective on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Finally, Citigroup lowered their price objective on Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $44.25.

Oklo Stock Down 6.6 %

Shares of NYSE OKLO traded down $1.45 during midday trading on Monday, hitting $20.53. The company had a trading volume of 1,511,559 shares, compared to its average volume of 11,652,240. The business has a 50-day simple moving average of $29.48 and a two-hundred day simple moving average of $26.33. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of -2.03 and a beta of -0.01. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). On average, equities analysts forecast that Oklo Inc. will post -8.2 EPS for the current year.

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.