Temasek Holdings Private Ltd Invests $5.45 Million in Oklo Inc. (NYSE:OKLO)

Temasek Holdings Private Ltd purchased a new stake in Oklo Inc. (NYSE:OKLO - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 256,569 shares of the company's stock, valued at approximately $5,447,000. Temasek Holdings Private Ltd owned about 0.21% of Oklo at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Barclays PLC bought a new position in Oklo during the 3rd quarter worth $58,000. Joule Financial LLC acquired a new stake in shares of Oklo in the fourth quarter valued at $1,963,000. Atomi Financial Group Inc. acquired a new stake in shares of Oklo in the fourth quarter valued at $19,285,000. Janney Montgomery Scott LLC acquired a new position in Oklo in the 4th quarter worth about $617,000. Finally, Secure Asset Management LLC acquired a new position in Oklo in the 4th quarter worth about $1,403,000. 85.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oklo

In related news, Co-Founder, CEO Jacob DeWitte 139,635 shares of the business's stock in a transaction dated Friday, March 28th. Following the completion of the , the insider now directly owns 10,893,926 shares in the company, valued at $249,253,026.88. This represents a 1.27% decrease in their ownership of the stock. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John M. Jansen bought 6,000 shares of the business'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 purchase, the director now directly owns 6,000 shares in the company, valued at approximately $147,420. The trade was 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.

Wall Street Analyst Weigh In

Several research analysts have weighed in on OKLO shares. HC Wainwright started coverage on Oklo in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 target price on the stock. B. Riley increased their price objective on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Citigroup reissued a "neutral" rating on shares of Oklo in a report on Wednesday, May 14th. Wedbush set a $45.00 target price on Oklo and gave the company an "outperform" rating in a report on Wednesday, May 14th. Finally, BTIG Research began coverage on Oklo in a report on Friday, April 11th. They issued a "neutral" rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $46.40.

Oklo Stock Performance

NYSE OKLO traded down $0.86 during trading hours on Wednesday, hitting $36.71. 15,371,585 shares of the company traded hands, compared to its average volume of 12,032,145. The business's 50-day moving average is $25.96 and its 200-day moving average is $28.08. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of -6.79 and a beta of -0.02. 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 quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. Analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

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.