Data Collective IV GP LLC Has $112.04 Million Stake in Oklo Inc. (NYSE:OKLO)

Data Collective IV GP LLC reduced its stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 23.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,277,513 shares of the company's stock after selling 1,643,291 shares during the quarter. Oklo comprises approximately 49.5% of Data Collective IV GP LLC's holdings, making the stock its largest position. Data Collective IV GP LLC owned 4.32% of Oklo worth $112,042,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new position in shares of Oklo in the fourth quarter worth $27,000. CoreCap Advisors LLC purchased a new stake in shares of Oklo during the fourth quarter valued at $32,000. Sandy Spring Bank purchased a new stake in shares of Oklo during the fourth quarter valued at $32,000. Covestor Ltd purchased a new stake in shares of Oklo during the fourth quarter valued at $34,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of Oklo during the fourth quarter valued at $43,000. 85.03% of the stock is currently owned by institutional investors.

Oklo Trading Up 3.1%

OKLO stock traded up $0.87 during mid-day trading on Monday, hitting $28.96. The stock had a trading volume of 11,030,815 shares, compared to its average volume of 11,582,407. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14. The company has a fifty day moving average of $24.61 and a 200 day moving average of $27.48. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of -2.86 and a beta of -0.02.

Oklo (NYSE:OKLO - Get Free Report) last issued its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). As a group, sell-side analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Activity

In other Oklo news, Director John M. Jansen bought 6,000 shares of the stock in a transaction on Thursday, March 27th. The shares were purchased at an average price of $24.57 per share, with a total value of $147,420.00. Following the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at $147,420. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 35,365 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was 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 of the company's stock, valued at $277,494,059.15. This represents a 0.32% decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. HC Wainwright assumed coverage on Oklo in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective for the company. BTIG Research assumed coverage on Oklo in a research note on Friday, April 11th. They issued a "neutral" rating for the company. Craig Hallum assumed coverage on Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective for the company. Citigroup reduced their price objective on Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Finally, B. Riley upped their target price on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.40.

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.