D. E. Shaw & Co. Inc. Decreases Stake in Oklo Inc. (NYSE:OKLO)

D. E. Shaw & Co. Inc. reduced its position in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 68.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 254,466 shares of the company's stock after selling 539,524 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.21% of Oklo worth $5,402,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Oklo by 92.8% during the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after purchasing an additional 2,090,154 shares during the period. Van ECK Associates Corp purchased a new position in Oklo during the 4th quarter valued at about $38,661,000. Atomi Financial Group Inc. purchased a new position in Oklo during the 4th quarter valued at about $19,285,000. TimesSquare Capital Management LLC purchased a new position in Oklo during the 4th quarter valued at about $17,104,000. Finally, JAT Capital Mgmt LP purchased a new position in Oklo during the 4th quarter valued at about $14,798,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Stock Performance

OKLO stock traded down $2.28 on Tuesday, hitting $37.45. 16,284,263 shares of the company's stock were exchanged, compared to its average volume of 11,963,190. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14. The firm has a 50 day moving average price of $25.69 and a two-hundred day moving average price of $28.01. The stock has a market cap of $5.21 billion, a P/E ratio of -6.92 and a beta of -0.02.

Oklo (NYSE:OKLO - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04. Sell-side analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

OKLO has been the topic of a number of analyst reports. B. Riley lifted their price target on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Craig Hallum initiated coverage on Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target on the stock. BTIG Research began coverage on Oklo in a report on Friday, April 11th. They issued a "neutral" rating on the stock. Wedbush set a $45.00 price objective on shares of Oklo and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Finally, HC Wainwright began coverage on shares of Oklo in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $46.40.

Insider Transactions at Oklo

In other news, Co-Founder, CEO Jacob DeWitte 139,635 shares of Oklo stock in a transaction on Friday, March 28th. Following the , the insider now owns 10,893,926 shares in the company, valued at $249,253,026.88. The trade was a 1.27% decrease in their position. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was purchased at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the transaction, the director now owns 6,000 shares of the company's stock, valued at approximately $147,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company's stock.

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.