Two Sigma Investments LP Has $792,000 Stock Holdings in Oklo Inc. (NYSE:OKLO)

Two Sigma Investments LP cut its stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 56.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,300 shares of the company's stock after selling 47,903 shares during the period. Two Sigma Investments LP's holdings in Oklo were worth $792,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of OKLO. Vanguard Group Inc. boosted its stake in shares of Oklo by 92.8% during the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock worth $92,216,000 after acquiring an additional 2,090,154 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Oklo during the 4th quarter worth about $2,209,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Oklo by 2,386.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,325 shares of the company's stock worth $198,000 after acquiring an additional 8,950 shares in the last quarter. Alliancebernstein L.P. bought a new stake in shares of Oklo during the 4th quarter worth about $1,693,000. Finally, Sanctuary Advisors LLC boosted its stake in shares of Oklo by 115.9% during the 4th quarter. Sanctuary Advisors LLC now owns 26,590 shares of the company's stock worth $565,000 after acquiring an additional 14,272 shares in the last quarter. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Stock Up 6.7%

Shares of NYSE OKLO opened at $50.30 on Friday. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14. The business's 50 day moving average price is $31.89 and its two-hundred day moving average price is $30.50. The company has a market cap of $7.00 billion, a PE ratio of -9.30 and a beta of 0.58.

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

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 35,365 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the completion of the sale, the chief executive officer now directly owns 11,033,561 shares in the company, valued at $277,494,059.15. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John M. Jansen bought 6,000 shares of the business's stock in a transaction on Thursday, March 27th. The shares were acquired at an average price of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company's stock, 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. 21.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. William Blair assumed coverage on Oklo in a research note on Wednesday, May 28th. They set an "outperform" rating for the company. Wedbush increased their target price on Oklo from $45.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. CLSA upgraded Oklo from an "outperform" rating to a "moderate buy" rating and increased their target price for the company from $50.00 to $74.00 in a research note on Tuesday, May 27th. HC Wainwright assumed coverage on Oklo in a research note on Wednesday, April 23rd. They set a "buy" rating and a $55.00 target price for the company. Finally, Citigroup restated a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.

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