36,800 Shares in Oklo Inc. (NYSE:OKLO) Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. purchased a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 36,800 shares of the company's stock, valued at approximately $781,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OKLO. Alpine Global Management LLC acquired a new position in Oklo in the 4th quarter valued at $427,000. Value Aligned Research Advisors LLC purchased a new stake in shares of Oklo during the fourth quarter worth $1,209,000. Gordian Capital Singapore Pte Ltd raised its position in shares of Oklo by 1,058.3% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 6,000 shares of the company's stock valued at $127,000 after buying an additional 5,482 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Oklo by 358.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,069 shares of the company's stock valued at $1,254,000 after buying an additional 46,188 shares during the last quarter. Finally, Temasek Holdings Private Ltd purchased a new position in shares of Oklo in the fourth quarter worth about $5,447,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oklo

In other Oklo news, CEO Jacob Dewitte sold 41,000 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $21.80, for a total value of $893,800.00. Following the transaction, the chief executive officer now owns 10,852,926 shares of the company's stock, valued at $236,593,786.80. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John M. Jansen bought 6,000 shares of the stock in a transaction on 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 purchase, the director now owns 6,000 shares of the company's stock, valued at $147,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company's stock.

Oklo Stock Performance

Shares of NYSE OKLO traded down $2.21 during midday trading on Thursday, reaching $53.03. 21,076,558 shares of the stock were exchanged, compared to its average volume of 12,703,328. The stock has a market capitalization of $7.38 billion, a P/E ratio of -9.80 and a beta of -0.02. The company has a 50 day simple moving average of $28.33 and a 200 day simple moving average of $29.05. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14.

Oklo (NYSE:OKLO - Get Free Report) last posted 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, research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. William Blair assumed coverage on shares of Oklo in a research note on Wednesday. They set an "outperform" rating for the company. Wedbush boosted 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. BTIG Research began coverage on Oklo in a report on Friday, April 11th. They issued a "neutral" rating for the company. CLSA upgraded Oklo from an "outperform" rating to a "moderate buy" rating and lifted their price objective for the stock from $50.00 to $74.00 in a research report on Tuesday. Finally, B. Riley boosted their price objective on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Oklo has an average rating of "Moderate Buy" and an average target price of $52.67.

About Oklo

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.