Exchange Traded Concepts LLC lowered its stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 67.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 146,835 shares of the company's stock after selling 309,386 shares during the quarter. Exchange Traded Concepts LLC owned about 0.11% of Oklo worth $3,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently modified their holdings of the company. TD Waterhouse Canada Inc. purchased a new position in shares of Oklo during the fourth quarter valued at about $27,000. CoreCap Advisors LLC purchased a new position in shares of Oklo during the fourth quarter valued at about $32,000. Sandy Spring Bank purchased a new position in shares of Oklo during the fourth quarter valued at about $32,000. Covestor Ltd purchased a new position in shares of Oklo during the fourth quarter valued at about $34,000. Finally, Anfield Capital Management LLC purchased a new position in shares of Oklo during the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 85.03% of the company's stock.
Oklo Stock Performance
Shares of NYSE OKLO opened at $65.49 on Tuesday. The firm's 50 day moving average price is $36.73 and its 200-day moving average price is $32.16. The company has a market cap of $9.14 billion, a PE ratio of -12.11 and a beta of 0.58. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $73.55.
Oklo (NYSE:OKLO - Get Free Report) last issued 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. On average, analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.
Insider Transactions at Oklo
In other news, CEO Jacob Dewitte sold 41,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John M. Jansen acquired 6,000 shares of the firm's 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 completion of the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at $147,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 18.90% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Wedbush set a $75.00 price target on shares of Oklo and gave the company an "outperform" rating in a research report on Thursday, June 12th. HC Wainwright assumed coverage on shares of Oklo in a research report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price target on the stock. William Blair assumed coverage on shares of Oklo in a research note on Wednesday, May 28th. They set an "outperform" rating on the stock. Seaport Res Ptn raised shares of Oklo from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 9th. Finally, CLSA raised shares of Oklo from an "outperform" rating to a "moderate buy" rating and boosted their price objective for the stock from $50.00 to $74.00 in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $56.00.
Get Our Latest Research Report on OKLO
About Oklo
(
Free Report)
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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