GeoSphere Capital Management LLC Takes Position in Oklo Inc. (NYSE:OKLO)

GeoSphere Capital Management LLC bought a new stake in Oklo Inc. (NYSE:OKLO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 17,173 shares of the company's stock, valued at approximately $365,000.

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

Insider Activity at Oklo

In other Oklo news, Director John M. Jansen acquired 6,000 shares of the stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $24.57 per share, with a total value of $147,420.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 41,000 shares of Oklo stock in a transaction on Monday, March 31st. The shares were sold at an average price of $21.80, for a total transaction of $893,800.00. Following the completion of the transaction, the chief executive officer now owns 10,852,926 shares in the company, valued at approximately $236,593,786.80. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Craig Hallum assumed coverage on shares of Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target for the company. B. Riley lifted their price objective on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Wedbush reaffirmed an "outperform" rating and issued a $45.00 target price on shares of Oklo in a report on Tuesday, March 25th. BTIG Research assumed coverage on shares of Oklo in a report on Friday, April 11th. They set a "neutral" rating for the company. Finally, HC Wainwright started coverage on shares of Oklo in a report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.40.

Oklo Trading Up 4.2 %

OKLO stock opened at $28.09 on Friday. The company's 50 day moving average is $24.61 and its two-hundred day moving average is $27.35. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14. The stock has a market cap of $3.91 billion, a P/E ratio of -2.77 and a beta of -0.02.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). On average, equities research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.

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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