16,052 Shares in Oklo Inc. (NYSE:OKLO) Acquired by StoneCrest Wealth Management Inc.

StoneCrest Wealth Management Inc. bought a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,052 shares of the company's stock, valued at approximately $347,000.

A number of other institutional investors have also made changes to their positions in OKLO. TD Waterhouse Canada Inc. acquired a new position in shares of Oklo during the 4th quarter worth approximately $27,000. Sandy Spring Bank acquired a new position in shares of Oklo during the 4th quarter worth approximately $32,000. CoreCap Advisors LLC acquired a new position in shares of Oklo during the 4th quarter worth approximately $32,000. Covestor Ltd acquired a new position in shares of Oklo during the 4th quarter worth approximately $34,000. Finally, Anfield Capital Management LLC acquired a new position in shares of Oklo during the 4th quarter worth approximately $43,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on OKLO shares. HC Wainwright started coverage on Oklo in a report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 target price on the stock. BTIG Research initiated coverage on Oklo in a research report on Friday, April 11th. They set a "neutral" rating on the stock. William Blair initiated coverage on Oklo in a research report on Wednesday, May 28th. They set an "outperform" rating on the stock. Wedbush increased their price objective on Oklo from $45.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Finally, Citigroup reiterated a "neutral" rating on shares of Oklo in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Oklo currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.67.

Oklo Price Performance

OKLO stock opened at $50.30 on Friday. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of -9.30 and a beta of 0.58. The business's fifty day moving average price is $31.89 and its two-hundred day moving average price is $30.44. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14.

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

Insider Transactions at Oklo

In related news, Director John M. Jansen bought 6,000 shares of Oklo stock in a transaction dated Thursday, March 27th. The shares were bought at an average cost of $24.57 per share, with a total value of $147,420.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at $147,420. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Co-Founder, CEO Jacob DeWitte 139,635 shares of the firm's stock in a transaction that occurred on Friday, March 28th. Following the completion of the , the insider now owns 10,893,926 shares in the company, valued at approximately $249,253,026.88. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this trade can be found here. 21.80% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding OKLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oklo Inc. (NYSE:OKLO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.