Cresset Asset Management LLC Takes $484,000 Position in Oklo Inc. (NYSE:OKLO)

Cresset Asset Management LLC acquired a new stake in Oklo Inc. (NYSE:OKLO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,783 shares of the company's stock, valued at approximately $484,000.

Several other institutional investors and hedge funds have also made changes to their positions in OKLO. Barclays PLC bought a new position in shares of Oklo in the third quarter valued at approximately $58,000. Sovereign Financial Group Inc. bought a new position in shares of Oklo in the fourth quarter valued at approximately $461,000. Wolff Wiese Magana LLC bought a new position in shares of Oklo in the fourth quarter valued at approximately $99,000. Hamilton Lane Advisors LLC bought a new position in shares of Oklo in the fourth quarter valued at approximately $2,182,000. Finally, Joule Financial LLC bought a new position in shares of Oklo in the fourth quarter valued at approximately $1,963,000. 85.03% of the stock is currently owned by institutional investors.

Oklo Price Performance

OKLO stock opened at $36.51 on Thursday. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14. The firm has a market cap of $5.08 billion, a PE ratio of -3.60 and a beta of -0.02. The firm has a 50 day simple moving average of $24.91 and a 200 day simple moving average of $27.64.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.04. As a group, sell-side analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OKLO has been the subject of several recent analyst reports. BTIG Research assumed coverage on shares of Oklo in a report on Friday, April 11th. They issued a "neutral" rating for the company. HC Wainwright assumed coverage on shares of Oklo in a research note on Wednesday, April 23rd. They set a "buy" rating and a $55.00 target price for the company. Craig Hallum assumed coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a "buy" rating and a $44.00 target price for the company. Wedbush reissued an "outperform" rating and set a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. Finally, Citigroup reissued a "neutral" rating on shares of Oklo in a research note on Wednesday. Three 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $46.40.

Insider Activity at Oklo

In related news, CEO Jacob Dewitte sold 35,365 shares of the company'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 sale, the chief executive officer now owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. This represents a 0.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John M. Jansen purchased 6,000 shares of Oklo stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of $24.57 per share, with a total value of $147,420.00. Following the transaction, the director now 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. 21.80% of the stock is owned by insiders.

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.

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