Oklo Inc. (NYSE:OKLO) Shares Bought by Vantage Point Financial LLC

Vantage Point Financial LLC raised its holdings in Oklo Inc. (NYSE:OKLO - Free Report) by 63.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,053 shares of the company's stock after purchasing an additional 6,253 shares during the period. Vantage Point Financial LLC's holdings in Oklo were worth $347,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in OKLO. TD Waterhouse Canada Inc. bought a new position in Oklo during the 4th quarter worth $27,000. Sandy Spring Bank bought a new position in shares of Oklo in the fourth quarter worth $32,000. CoreCap Advisors LLC bought a new stake in Oklo in the fourth quarter worth about $32,000. Covestor Ltd bought a new position in shares of Oklo during the 4th quarter valued at about $34,000. Finally, Anfield Capital Management LLC bought a new position in shares of Oklo during the 4th quarter valued at about $43,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Price Performance

OKLO opened at $57.76 on Monday. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $73.55. The firm's fifty day moving average price is $39.76 and its two-hundred day moving average price is $33.29. The company has a market capitalization of $8.06 billion, a P/E ratio of -10.68 and a beta of 0.57.

Oklo (NYSE:OKLO - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.04. On average, equities research analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OKLO shares. HC Wainwright began coverage on shares of Oklo in a report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price target on the stock. Seaport Res Ptn raised shares of Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. BTIG Research assumed coverage on shares of Oklo in a research report on Friday, April 11th. They set a "neutral" rating on the stock. Citigroup reissued a "neutral" rating on shares of Oklo in a research report on Wednesday, May 14th. Finally, William Blair began coverage on shares of Oklo in a research note on Wednesday, May 28th. They issued an "outperform" rating on the stock. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $56.00.

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 35,365 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the completion of the sale, the chief executive officer now directly owns 11,033,561 shares of the company's stock, valued at approximately $277,494,059.15. The trade was a 0.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John M. Jansen purchased 6,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was bought at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now owns 6,000 shares in the company, valued at $147,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.90% of the stock is owned by corporate 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.

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