JAT Capital Mgmt LP Invests $14.80 Million in Oklo Inc. (NYSE:OKLO)

JAT Capital Mgmt LP purchased a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 697,042 shares of the company's stock, valued at approximately $14,798,000. Oklo comprises 2.3% of JAT Capital Mgmt LP's portfolio, making the stock its 14th largest position. JAT Capital Mgmt LP owned about 0.57% of Oklo at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Oklo by 92.8% during the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after acquiring an additional 2,090,154 shares during the period. Van ECK Associates Corp bought a new stake in Oklo in the fourth quarter valued at approximately $38,661,000. Atomi Financial Group Inc. purchased a new stake in shares of Oklo during the fourth quarter valued at approximately $19,285,000. TimesSquare Capital Management LLC bought a new position in shares of Oklo in the fourth quarter worth approximately $17,104,000. Finally, Geode Capital Management LLC purchased a new position in shares of Oklo in the third quarter worth $5,971,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director John M. Jansen purchased 6,000 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were purchased at an average cost of $24.57 per share, with a total value of $147,420.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at $147,420. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacob Dewitte sold 35,365 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. 21.80% of the stock is owned by company insiders.

Oklo Trading Down 0.3 %

Shares of OKLO stock traded down $0.07 during midday trading on Friday, reaching $26.24. 11,546,648 shares of the stock were exchanged, compared to its average volume of 11,599,209. The firm has a market cap of $3.65 billion, a PE ratio of -2.59 and a beta of -0.01. The company's 50 day moving average is $25.22 and its two-hundred day moving average is $26.95. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $59.14.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings data on Monday, March 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). As a group, equities analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on OKLO shares. 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 price target for the company. BTIG Research began coverage on Oklo in a research note on Friday, April 11th. They issued a "neutral" rating on the stock. B. Riley upped their price target on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Citigroup cut their price objective on Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Finally, Craig Hallum began coverage on Oklo in a research note on Tuesday, January 28th. They set a "buy" rating and a $44.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Oklo has an average rating of "Moderate Buy" and an average price target of $46.40.

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.