Kaizen Financial Strategies Makes New Investment in Oklo Inc. (NYSE:OKLO)

Kaizen Financial Strategies purchased a new stake in Oklo Inc. (NYSE:OKLO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,670 shares of the company's stock, valued at approximately $227,000.

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

Oklo Stock Up 4.2 %

NYSE OKLO opened at $28.09 on Friday. The business's fifty day simple moving average is $24.61 and its 200-day simple moving average is $27.41. The firm has a market cap of $3.91 billion, a PE ratio of -2.77 and a beta of -0.02. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14.

Oklo (NYSE:OKLO - Get Free Report) last issued its earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). Research analysts expect that Oklo Inc. will post -8.2 EPS for the current year.

Insider Activity at Oklo

In related news, Director John M. Jansen bought 6,000 shares of the firm's 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 represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jacob Dewitte sold 35,365 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction 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 currently owned by insiders.

Wall Street Analyst Weigh In

OKLO has been the topic of a number of research reports. B. Riley raised their price target on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. HC Wainwright assumed coverage on Oklo in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price target on the stock. Citigroup reduced their price objective on Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. BTIG Research started coverage on shares of Oklo in a research note on Friday, April 11th. They set a "neutral" rating on the stock. Finally, Craig Hallum started coverage on shares of Oklo in a research report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.40.

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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