Thurston Springer Miller Herd & Titak Inc. Purchases New Stake in Oklo Inc. (NYSE:OKLO)

Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,961 shares of the company's stock, valued at approximately $410,000.

A number of other hedge funds have also recently added to or reduced their stakes in OKLO. Kaizen Financial Strategies boosted its stake in Oklo by 26.7% in the first quarter. Kaizen Financial Strategies now owns 13,520 shares of the company's stock valued at $292,000 after acquiring an additional 2,850 shares during the period. Rhumbline Advisers bought a new stake in shares of Oklo in the 1st quarter worth approximately $65,000. Parallel Advisors LLC boosted its position in Oklo by 42.4% during the 1st quarter. Parallel Advisors LLC now owns 11,862 shares of the company's stock valued at $257,000 after purchasing an additional 3,530 shares during the period. Triton Wealth Management PLLC bought a new position in Oklo during the 4th quarter worth $559,000. Finally, Windmill Hill Asset Management Ltd bought a new position in Oklo during the 4th quarter worth $1,476,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Oklo Price Performance

NYSE OKLO opened at $47.19 on Friday. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14. The firm has a market capitalization of $6.57 billion, a PE ratio of -8.72 and a beta of 0.58. The company's 50 day simple moving average is $31.33 and its 200 day simple moving average is $30.24.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.04. Sell-side analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citigroup reissued a "neutral" rating on shares of Oklo in a report on Wednesday, May 14th. Wedbush boosted their target price on shares of Oklo from $45.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. HC Wainwright began coverage on shares of Oklo in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 target price for the company. William Blair assumed coverage on shares of Oklo in a research note on Wednesday, May 28th. They issued an "outperform" rating on the stock. Finally, BTIG Research started coverage on Oklo in a research report on Friday, April 11th. They set a "neutral" rating for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Oklo has a consensus rating of "Moderate Buy" and an average price target of $52.67.

Insider Activity

In related news, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the firm's stock in a transaction 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 21.80% of the company's stock.

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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