Legal & General Group Plc lifted its holdings in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 417.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,606 shares of the company's stock after purchasing an additional 23,889 shares during the period. Legal & General Group Plc's holdings in Oklo were worth $629,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Sandy Spring Bank bought a new position in Oklo during the fourth quarter worth $32,000. Anfield Capital Management LLC acquired a new position in shares of Oklo during the fourth quarter valued at about $43,000. AlphaQuest LLC bought a new position in shares of Oklo during the 4th quarter worth about $45,000. Kozak & Associates Inc. acquired a new stake in shares of Oklo in the 4th quarter valued at about $57,000. Finally, Spire Wealth Management bought a new stake in Oklo in the 4th quarter valued at about $72,000. Institutional investors and hedge funds own 85.03% of the company's stock.
Insider Activity at Oklo
In other Oklo news, Director John M. Jansen bought 6,000 shares of Oklo 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 of the company's stock, valued at $147,420. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction dated Thursday, March 27th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is owned by insiders.
Analyst Ratings Changes
Several research firms recently issued reports on OKLO. HC Wainwright assumed coverage on shares of Oklo in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price target for the company. BTIG Research initiated coverage on shares of Oklo in a research report on Friday, April 11th. They set a "neutral" rating for the company. B. Riley upped their target price on shares of Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Craig Hallum started coverage on Oklo in a research note on Tuesday, January 28th. They set a "buy" rating and a $44.00 price target for the company. Finally, Citigroup lowered 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.40.
View Our Latest Analysis on Oklo
Oklo Stock Up 1.7 %
NYSE:OKLO traded up $0.45 during trading hours on Friday, hitting $26.76. 5,312,898 shares of the company's stock traded hands, compared to its average volume of 11,574,565. The business's fifty day simple moving average is $25.22 and its two-hundred day simple moving average is $26.95. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14. The firm has a market cap of $3.72 billion, a P/E ratio of -2.65 and a beta of -0.01.
Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings data on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). On average, analysts expect that Oklo Inc. will post -8.2 EPS for the current year.
About Oklo
(
Free Report)
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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