Oklo Inc. (NYSE:OKLO) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167,304 shares of the company's stock after purchasing an additional 16,222 shares during the quarter. Northern Trust Corp owned 0.14% of Oklo worth $3,552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OKLO. TD Waterhouse Canada Inc. purchased a new stake in Oklo during the fourth quarter worth about $27,000. Sandy Spring Bank purchased a new stake in Oklo during the fourth quarter worth about $32,000. Covestor Ltd purchased a new stake in Oklo during the fourth quarter worth about $34,000. Anfield Capital Management LLC purchased a new stake in Oklo during the fourth quarter worth about $43,000. Finally, AlphaQuest LLC purchased a new stake in Oklo during the fourth quarter worth about $45,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oklo

In other news, Director John M. Jansen acquired 6,000 shares of Oklo stock in a transaction on 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 completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jacob Dewitte sold 35,365 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the completion of the sale, the chief executive officer now owns 11,033,561 shares of the company's stock, valued at approximately $277,494,059.15. This represents a 0.32% decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.

Oklo Stock Up 23.6%

Shares of OKLO opened at $49.11 on Friday. The stock has a 50 day moving average price of $26.83 and a 200 day moving average price of $28.46. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of -9.08 and a beta of -0.02. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $59.14.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings results 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. On average, equities analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OKLO shares. B. Riley boosted their price target on shares of Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Citigroup reissued a "neutral" rating on shares of Oklo in a research report on Wednesday, May 14th. HC Wainwright started coverage on Oklo in a research report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price objective for the company. Wedbush boosted their price objective on Oklo from $45.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, BTIG Research started coverage on Oklo in a research report on Friday, April 11th. They set a "neutral" rating for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Oklo presently has an average rating of "Moderate Buy" and a consensus price target of $48.40.

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.

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