Oklo Inc. (NYSE:OKLO) Shares Sold by Millennium Management LLC

Millennium Management LLC trimmed its stake in Oklo Inc. (NYSE:OKLO - Free Report) by 96.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,470 shares of the company's stock after selling 353,791 shares during the period. Millennium Management LLC's holdings in Oklo were worth $244,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of OKLO. TD Waterhouse Canada Inc. acquired a new position in Oklo during the fourth quarter worth approximately $27,000. Sandy Spring Bank acquired a new stake in shares of Oklo in the fourth quarter valued at approximately $32,000. CoreCap Advisors LLC purchased a new position in shares of Oklo during the fourth quarter worth approximately $32,000. Covestor Ltd acquired a new position in shares of Oklo in the 4th quarter valued at $34,000. Finally, Anfield Capital Management LLC purchased a new stake in Oklo in the 4th quarter valued at $43,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on OKLO shares. BTIG Research initiated coverage on shares of Oklo in a research report on Friday, April 11th. They set a "neutral" rating on the stock. Seaport Res Ptn upgraded shares of Oklo from a "hold" rating to a "strong-buy" rating in a research note on Monday. William Blair began coverage on Oklo in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. Citigroup reaffirmed a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th. Finally, Wedbush lifted their price objective on shares of Oklo from $55.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday. Two 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $56.00.

Insider Activity

In other news, Director John M. Jansen purchased 6,000 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was acquired at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $147,420. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total value of $889,429.75. Following the transaction, the chief executive officer now directly owns 11,033,561 shares of the company's stock, valued at $277,494,059.15. This trade represents a 0.32% decrease in their position. The disclosure for this sale can be found here. Insiders own 21.80% of the company's stock.

Oklo Trading Down 5.5%

Shares of OKLO traded down $3.71 during mid-day trading on Thursday, hitting $64.32. The company's stock had a trading volume of 37,910,095 shares, compared to its average volume of 13,570,385. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $70.86. The firm has a market capitalization of $8.95 billion, a P/E ratio of -11.89 and a beta of 0.58. The firm has a 50-day simple moving average of $34.10 and a 200 day simple moving average of $31.16.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data 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. As a group, sell-side analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

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.