20,127 Shares in Oklo Inc. (NYSE:OKLO) Acquired by Alpine Global Management LLC

Alpine Global Management LLC bought a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,127 shares of the company's stock, valued at approximately $427,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Oklo by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock worth $104,646,000 after buying an additional 74,315 shares during the last quarter. Vanguard Group Inc. increased its position in Oklo by 92.8% during the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock worth $92,216,000 after buying an additional 2,090,154 shares during the last quarter. Van ECK Associates Corp acquired a new position in Oklo during the fourth quarter worth approximately $38,661,000. TimesSquare Capital Management LLC acquired a new position in Oklo during the fourth quarter worth approximately $17,104,000. Finally, JAT Capital Mgmt LP acquired a new position in shares of Oklo in the fourth quarter valued at $14,798,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Insider Transactions at Oklo

In related news, Director John M. Jansen bought 6,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the transaction, the director now directly owns 6,000 shares of the company's stock, valued at approximately $147,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 35,365 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75. Following the transaction, the chief executive officer now owns 11,033,561 shares in the company, valued at $277,494,059.15. The trade was a 0.32% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company's stock.

Oklo Stock Up 9.7%

OKLO traded up $4.74 during midday trading on Tuesday, hitting $53.61. 30,184,700 shares of the company were exchanged, compared to its average volume of 12,528,491. The firm has a market capitalization of $7.46 billion, a P/E ratio of -9.89 and a beta of -0.02. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14. The firm's 50 day moving average price is $27.25 and its 200-day moving average price is $28.70.

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

Analyst Ratings Changes

Several equities analysts have commented on OKLO shares. B. Riley upped their price objective on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Wedbush increased their price target on Oklo from $45.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday. Citigroup reissued a "neutral" rating on shares of Oklo in a research report on Wednesday, May 14th. BTIG Research initiated coverage on shares of Oklo in a research note on Friday, April 11th. They set a "neutral" rating on the stock. Finally, HC Wainwright initiated coverage on shares of Oklo in a research note on Wednesday, April 23rd. They set 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $48.40.

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.