MRA Advisory Group Invests $206,000 in Oklo Inc. (NYSE:OKLO)

MRA Advisory Group acquired a new position in Oklo Inc. (NYSE:OKLO - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,504 shares of the company's stock, valued at approximately $206,000.

A number of other hedge funds have also recently made changes to their positions in OKLO. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Oklo in the first quarter worth about $410,000. Kaizen Financial Strategies lifted its position in shares of Oklo by 26.7% in the first quarter. Kaizen Financial Strategies now owns 13,520 shares of the company's stock worth $292,000 after buying an additional 2,850 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Oklo in the first quarter worth about $65,000. Parallel Advisors LLC lifted its position in shares of Oklo by 42.4% in the first quarter. Parallel Advisors LLC now owns 11,862 shares of the company's stock worth $257,000 after buying an additional 3,530 shares in the last quarter. Finally, Triton Wealth Management PLLC purchased a new stake in shares of Oklo in the fourth quarter worth about $559,000. Institutional investors own 85.03% of the company's stock.

Oklo Stock Up 6.7%

OKLO traded up $3.14 during trading hours on Friday, reaching $50.30. 13,211,785 shares of the company's stock traded hands, compared to its average volume of 13,121,370. The firm has a 50-day moving average price of $31.89 and a 200 day moving average price of $30.44. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $59.14. The firm has a market capitalization of $7.00 billion, a PE ratio of -9.30 and a beta of 0.58.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.04. Equities analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analysts Set New Price Targets

OKLO has been the topic of a number of research analyst reports. William Blair initiated coverage on Oklo in a research report on Wednesday, May 28th. They issued an "outperform" rating on the stock. CLSA raised Oklo from an "outperform" rating to a "moderate buy" rating and raised their price objective for the company from $50.00 to $74.00 in a research note on Tuesday, May 27th. HC Wainwright initiated coverage on Oklo in a report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 target price for the company. Wedbush lifted their target price on Oklo from $45.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Finally, BTIG Research initiated coverage on Oklo in a report on Friday, April 11th. They issued a "neutral" rating for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $52.67.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 41,000 shares of Oklo stock in a transaction on Monday, March 31st. The stock was sold at an average price of $21.80, for a total transaction of $893,800.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at $147,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is owned by company insiders.

Oklo 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.