Mariner LLC Trims Position in Oklo Inc. (NYSE:OKLO)

Mariner LLC lowered its stake in Oklo Inc. (NYSE:OKLO - Free Report) by 44.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,361 shares of the company's stock after selling 25,283 shares during the period. Mariner LLC's holdings in Oklo were worth $666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stifel Financial Corp purchased a new position in shares of Oklo in the 3rd quarter valued at about $104,000. State Street Corp acquired a new stake in Oklo during the 3rd quarter worth $2,889,000. Barclays PLC purchased a new stake in Oklo in the third quarter valued at $58,000. Geode Capital Management LLC acquired a new position in Oklo in the third quarter valued at $5,971,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Oklo during the third quarter worth about $100,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Insiders Place Their Bets

In related news, Director John M. Jansen acquired 6,000 shares of Oklo stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of $24.57 per share, for a total transaction 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. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 41,000 shares of Oklo stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $21.80, for a total value of $893,800.00. Following the sale, the chief executive officer now owns 10,852,926 shares of the company's stock, valued at approximately $236,593,786.80. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on OKLO. Wedbush restated an "outperform" rating and issued a $45.00 price objective on shares of Oklo in a research note on Tuesday, March 25th. B. Riley upped 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. HC Wainwright initiated coverage on Oklo in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 target price on the stock. Craig Hallum assumed 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, BTIG Research began coverage on shares of Oklo in a research report on Friday, April 11th. They issued a "neutral" rating on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Oklo currently has a consensus rating of "Moderate Buy" and an average target price of $46.40.

Oklo Stock Up 11.1 %

OKLO stock traded up $2.63 on Thursday, reaching $26.37. 13,291,018 shares of the company's stock were exchanged, compared to its average volume of 11,599,218. The stock has a fifty day moving average of $25.37 and a 200-day moving average of $26.84. The firm has a market cap of $3.67 billion, a PE ratio of -2.60 and a beta of -0.01. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14.

Oklo (NYSE:OKLO - Get Free Report) last posted 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 EPS for the current fiscal year.

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.