Balyasny Asset Management L.P. Has $1.89 Million Position in Oklo Inc. (NYSE:OKLO)

Balyasny Asset Management L.P. lessened its stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 75.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 89,095 shares of the company's stock after selling 272,648 shares during the period. Balyasny Asset Management L.P. owned 0.07% of Oklo worth $1,891,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OKLO. TD Waterhouse Canada Inc. acquired a new position in shares of Oklo during the 4th quarter valued at $27,000. Sandy Spring Bank acquired a new position in shares of Oklo during the 4th quarter valued at $32,000. Covestor Ltd acquired a new position in shares of Oklo during the 4th quarter valued at $34,000. Anfield Capital Management LLC acquired a new position in shares of Oklo during the 4th quarter valued at $43,000. Finally, AlphaQuest LLC acquired a new position in shares of Oklo during the 4th quarter valued at $45,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Oklo Price Performance

NYSE OKLO opened at $28.88 on Tuesday. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $59.14. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of -2.85 and a beta of -0.02. The company has a fifty day moving average price of $24.58 and a 200-day moving average price of $27.55.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on OKLO shares. BTIG Research started coverage on shares of Oklo in a research report on Friday, April 11th. They set a "neutral" rating on the stock. Wedbush restated an "outperform" rating and set a $45.00 price target on shares of Oklo in a research note on Tuesday, March 25th. B. Riley boosted their price target on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Citigroup decreased their price target on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Finally, Craig Hallum initiated coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a "buy" rating and a $44.00 price target for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $46.40.

Insider Transactions at Oklo

In related news, Director John M. Jansen acquired 6,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company's stock, valued at approximately $147,420. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jacob Dewitte sold 41,000 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $21.80, for a total transaction of $893,800.00. Following the sale, the chief executive officer now owns 10,852,926 shares of the company's stock, valued at $236,593,786.80. This trade represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.80% 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.

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