Alliancebernstein L.P. Buys Shares of 79,751 Oklo Inc. (NYSE:OKLO)

Alliancebernstein L.P. acquired a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 79,751 shares of the company's stock, valued at approximately $1,693,000. Alliancebernstein L.P. owned about 0.07% of Oklo at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sandy Spring Bank purchased a new stake in shares of Oklo during the 4th quarter valued at approximately $32,000. Anfield Capital Management LLC bought a new position in shares of Oklo in the fourth quarter worth $43,000. AlphaQuest LLC purchased a new position in shares of Oklo in the fourth quarter valued at $45,000. Kozak & Associates Inc. bought a new position in shares of Oklo in the fourth quarter valued at approximately $57,000. Finally, Spire Wealth Management bought a new position in shares of Oklo in the fourth quarter worth $72,000. 85.03% of the stock is owned by institutional investors.

Insider Activity at Oklo

In other news, Director John M. Jansen bought 6,000 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was acquired at an average cost of $24.57 per share, with a total value of $147,420.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $147,420. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 41,000 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $21.80, for a total transaction of $893,800.00. Following the transaction, the chief executive officer now owns 10,852,926 shares in the company, valued at approximately $236,593,786.80. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

OKLO has been the subject of several research analyst reports. Citigroup dropped their price target on Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. B. Riley lifted their target price on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 6th. BTIG Research initiated coverage on Oklo in a research note on Friday, April 11th. They issued a "neutral" rating on the stock. Wedbush reissued an "outperform" rating and set a $45.00 price objective on shares of Oklo in a research report on Tuesday, March 25th. Finally, Craig Hallum began coverage on Oklo in a research report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.25.

Oklo Stock Performance

Shares of NYSE OKLO traded down $1.48 during midday trading on Monday, hitting $20.50. 7,012,784 shares of the company's stock traded hands, compared to its average volume of 11,674,517. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $59.14. The firm has a fifty day moving average of $28.80 and a 200 day moving average of $26.40. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of -2.02 and a beta of -0.01.

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

Oklo 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.