Value Aligned Research Advisors LLC Invests $1.21 Million in Oklo Inc. (NYSE:OKLO)

Value Aligned Research Advisors LLC acquired a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 56,966 shares of the company's stock, valued at approximately $1,209,000. Oklo comprises about 0.3% of Value Aligned Research Advisors LLC's holdings, making the stock its 24th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Archford Capital Strategies LLC purchased a new stake in Oklo during the 4th quarter worth approximately $212,000. Vanguard Group Inc. grew its position in 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 purchasing an additional 2,090,154 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Oklo during the 4th quarter worth approximately $2,209,000. Barclays PLC purchased a new stake in Oklo during the 3rd quarter worth approximately $58,000. Finally, Steward Partners Investment Advisory LLC grew its position in 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 purchasing an additional 8,950 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company's stock.

Oklo Price Performance

OKLO stock opened at $39.74 on Friday. The firm's fifty day simple moving average is $26.37 and its 200-day simple moving average is $28.27. The company has a market capitalization of $5.53 billion, a P/E ratio of -7.35 and a beta of -0.02. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14.

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

Analyst Ratings Changes

OKLO has been the topic of several research analyst reports. B. Riley boosted their target price on shares of Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Wedbush set a $45.00 target price on shares of Oklo and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. HC Wainwright began coverage on shares of Oklo in a research report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 target price on the stock. BTIG Research began coverage on shares of Oklo in a report on Friday, April 11th. They issued a "neutral" rating on the stock. Finally, Craig Hallum began coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $46.40.

Insider Buying and Selling

In related news, CEO Jacob Dewitte sold 35,365 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75. Following the sale, the chief executive officer now directly owns 11,033,561 shares of the company's stock, valued at approximately $277,494,059.15. This represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John M. Jansen acquired 6,000 shares of Oklo stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $24.57 per share, with a total value of $147,420.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company's stock, valued at $147,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by insiders.

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.

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