9,975 Shares in Oklo Inc. (NYSE:OKLO) Purchased by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. bought a new position in Oklo Inc. (NYSE:OKLO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,975 shares of the company's stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Oklo by 92.8% in the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock worth $92,216,000 after purchasing an additional 2,090,154 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of Oklo during the 4th quarter valued at approximately $38,661,000. TimesSquare Capital Management LLC bought a new stake in shares of Oklo during the 4th quarter valued at $17,104,000. JAT Capital Mgmt LP purchased a new position in shares of Oklo during the 4th quarter valued at $14,798,000. Finally, ARK Investment Management LLC purchased a new position in shares of Oklo during the 4th quarter valued at $9,645,000. Institutional investors own 85.03% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on OKLO shares. Citigroup restated a "neutral" rating on shares of Oklo in a research report on Wednesday, May 14th. Seaport Res Ptn raised Oklo from a "hold" rating to a "strong-buy" rating in a research note on Monday. HC Wainwright began coverage on shares of Oklo in a report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 target price for the company. Wedbush increased their target price on Oklo from $55.00 to $75.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, BTIG Research started coverage on Oklo in a report on Friday, April 11th. They issued a "neutral" rating for the company. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 41,000 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $21.80, for a total transaction of $893,800.00. Following the sale, the chief executive officer now directly owns 10,852,926 shares of the company's stock, valued at $236,593,786.80. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John M. Jansen acquired 6,000 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were bought at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company's stock.

Oklo Stock Down 5.5%

Shares of Oklo stock traded down $3.71 during trading on Thursday, reaching $64.32. The company's stock had a trading volume of 37,910,095 shares, compared to its average volume of 13,570,385. The company has a 50-day simple moving average of $34.10 and a two-hundred day simple moving average of $31.16. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $70.86. The company has a market cap of $8.95 billion, a price-to-earnings ratio of -11.89 and a beta of 0.58.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly 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. As a group, analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.

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.