6,313 Shares in Oklo Inc. (NYSE:OKLO) Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. purchased a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,313 shares of the company's stock, valued at approximately $137,000.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup reissued a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th. William Blair started coverage on Oklo in a research report on Wednesday, May 28th. They set an "outperform" rating for the company. HC Wainwright initiated coverage on Oklo in a report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective on the stock. CLSA raised Oklo from an "outperform" rating to a "moderate buy" rating and lifted their price objective for the company from $50.00 to $74.00 in a research note on Tuesday, May 27th. Finally, Seaport Res Ptn upgraded Oklo from a "hold" rating to a "strong-buy" rating in a report on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $56.00.

Oklo Trading Down 0.9%

NYSE:OKLO traded down $0.53 during mid-day trading on Thursday, hitting $62.24. The company had a trading volume of 14,593,383 shares, compared to its average volume of 13,935,321. The business has a fifty day simple moving average of $38.26 and a 200-day simple moving average of $32.58. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of -11.50 and a beta of 0.58. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $73.55.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. As a group, research analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Transactions at Oklo

In other Oklo news, Director John M. Jansen purchased 6,000 shares of Oklo stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of $24.57 per share, with a total value of $147,420.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company's stock, valued at approximately $147,420. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 35,365 shares of the firm'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 sale, the chief executive officer now owns 11,033,561 shares of the company's stock, valued at approximately $277,494,059.15. This trade represents a 0.32% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.90% of the company's stock.

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.