Janus Henderson Group PLC Invests $312,000 in Oklo Inc. (NYSE:OKLO)

Janus Henderson Group PLC bought a new position in Oklo Inc. (NYSE:OKLO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,700 shares of the company's stock, valued at approximately $312,000.

Several other institutional investors also recently bought and sold shares of the business. Archford Capital Strategies LLC acquired a new position in Oklo during the fourth quarter worth approximately $212,000. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 2,090,154 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Oklo during the 4th quarter worth $2,209,000. Barclays PLC purchased a new position in shares of Oklo in the 3rd quarter worth $58,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Oklo by 2,386.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,325 shares of the company's stock worth $198,000 after buying an additional 8,950 shares during the period. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 35,365 shares of the company'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 transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John M. Jansen bought 6,000 shares of Oklo stock in a transaction dated Thursday, March 27th. The shares were acquired at an average price of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now owns 6,000 shares in the company, valued at approximately $147,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by company insiders.

Oklo Price Performance

Oklo stock traded up $1.14 during midday trading on Wednesday, hitting $55.04. 10,540,293 shares of the company were exchanged, compared to its average volume of 12,583,715. The company has a market cap of $7.66 billion, a PE ratio of -10.22 and a beta of -0.02. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14. The company's fifty day moving average price is $27.77 and its 200-day moving average price is $28.87.

Oklo (NYSE:OKLO - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. On average, analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analysts Set New Price Targets

OKLO has been the subject of a number of research reports. Craig Hallum initiated coverage on Oklo in a research report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price target for the company. Citigroup reiterated a "neutral" rating on shares of Oklo in a report on Wednesday, May 14th. Wedbush increased their target price on shares of Oklo from $45.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. BTIG Research started coverage on shares of Oklo in a report on Friday, April 11th. They issued a "neutral" rating on the stock. Finally, William Blair started coverage on shares of Oklo in a research note on Wednesday. They set an "outperform" rating for the company. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Oklo currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.67.

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.