Cetera Investment Advisers Raises Holdings in Oklo Inc. (NYSE:OKLO)

Cetera Investment Advisers boosted its position in Oklo Inc. (NYSE:OKLO - Free Report) by 284.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 57,620 shares of the company's stock after acquiring an additional 42,613 shares during the period. Cetera Investment Advisers' holdings in Oklo were worth $1,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BOKF NA purchased a new stake in Oklo in the 4th quarter worth approximately $1,486,000. Baird Financial Group Inc. boosted its holdings in shares of Oklo by 69.5% in the 4th quarter. Baird Financial Group Inc. now owns 257,194 shares of the company's stock valued at $5,460,000 after purchasing an additional 105,472 shares during the last quarter. Ancora Advisors LLC boosted its holdings in shares of Oklo by 18.2% in the 4th quarter. Ancora Advisors LLC now owns 4,610 shares of the company's stock valued at $98,000 after purchasing an additional 710 shares during the last quarter. Aristotle Atlantic Partners LLC boosted its holdings in shares of Oklo by 18.4% in the 4th quarter. Aristotle Atlantic Partners LLC now owns 35,136 shares of the company's stock valued at $746,000 after purchasing an additional 5,469 shares during the last quarter. Finally, JAT Capital Mgmt LP acquired a new position in shares of Oklo in the 4th quarter valued at $14,798,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on OKLO shares. BTIG Research started coverage on shares of Oklo in a report on Friday, April 11th. They issued a "neutral" rating on the stock. B. Riley lifted their price target on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 6th. HC Wainwright started coverage on shares of Oklo in a report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price target on the stock. Wedbush set a $45.00 price target on shares of Oklo and gave the company an "outperform" rating in a report on Wednesday, May 14th. Finally, Craig Hallum began coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $46.40.

Oklo Price Performance

Shares of OKLO stock opened at $39.74 on Friday. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14. The firm has a market capitalization of $5.53 billion, a P/E ratio of -7.35 and a beta of -0.02. The company's fifty day moving average price is $26.37 and its two-hundred day moving average price is $28.27.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings data 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, sell-side analysts anticipate that Oklo Inc. will post -8.2 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 35,365 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the sale, the chief executive officer now owns 11,033,561 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the purchase, the director now owns 6,000 shares in the company, valued at approximately $147,420. This represents 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.

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.

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