Alpine Global Management LLC Takes Position in Oklo Inc. (NYSE:OKLO)

Alpine Global Management LLC bought a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,127 shares of the company's stock, valued at approximately $427,000.

Other large investors also recently bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new stake in Oklo during the 4th quarter worth about $27,000. Sandy Spring Bank purchased a new stake in Oklo in the 4th quarter valued at about $32,000. Covestor Ltd acquired a new position in shares of Oklo during the 4th quarter valued at about $34,000. Anfield Capital Management LLC purchased a new position in shares of Oklo during the 4th quarter worth about $43,000. Finally, AlphaQuest LLC acquired a new stake in shares of Oklo in the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Insider Buying and Selling

In related news, CEO Jacob Dewitte sold 41,000 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the transaction, the chief executive officer now owns 10,852,926 shares in the company, valued at $236,593,786.80. This represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John M. Jansen purchased 6,000 shares of the company's stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $147,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company's stock.

Analyst Upgrades and Downgrades

OKLO has been the topic of a number of research reports. Citigroup cut 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. Craig Hallum started 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. BTIG Research assumed coverage on Oklo in a research report on Friday, April 11th. They issued a "neutral" rating for the company. Wedbush restated an "outperform" rating and issued a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. Finally, HC Wainwright assumed coverage on Oklo in a report on Wednesday. They set a "buy" rating and a $55.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $46.40.

Oklo Stock Down 2.4 %

OKLO stock traded down $0.58 during midday trading on Friday, reaching $23.74. The company had a trading volume of 6,533,540 shares, compared to its average volume of 11,658,659. The stock has a 50 day moving average price of $26.45 and a 200 day moving average price of $26.53. The firm has a market capitalization of $3.30 billion, a PE ratio of -2.34 and a beta of -0.01. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14.

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

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.