MGO One Seven LLC Makes New $262,000 Investment in Oklo Inc. (NYSE:OKLO)

MGO One Seven LLC acquired a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,333 shares of the company's stock, valued at approximately $262,000.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. acquired a new position in Oklo in the 4th quarter worth $27,000. Sandy Spring Bank bought a new position in Oklo during the 4th quarter worth approximately $32,000. Covestor Ltd bought a new position in Oklo during the 4th quarter worth approximately $34,000. Anfield Capital Management LLC bought a new position in Oklo during the 4th quarter worth approximately $43,000. Finally, AlphaQuest LLC bought a new position in Oklo during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OKLO. B. Riley raised their price target on 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 report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 target price on the stock. Citigroup lowered their target price on Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. HC Wainwright assumed coverage on Oklo in a research report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price target on the stock. Finally, Wedbush reiterated an "outperform" rating and set a $45.00 price target on shares of Oklo in a research report on Tuesday, March 25th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Oklo has a consensus rating of "Moderate Buy" and a consensus target price of $46.40.

Oklo Trading Up 11.1 %

Shares of NYSE OKLO traded up $2.63 during mid-day trading on Thursday, reaching $26.37. The company had a trading volume of 13,291,018 shares, compared to its average volume of 11,599,238. The stock has a market cap of $3.67 billion, a PE ratio of -2.60 and a beta of -0.01. The company has a 50-day moving average price of $25.37 and a two-hundred day moving average price of $26.84. 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 issued its earnings results 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). On average, research analysts expect that Oklo Inc. will post -8.2 EPS for the current year.

Insider Buying and Selling

In other Oklo news, Director John M. Jansen bought 6,000 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was acquired 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 in the company, valued at approximately $147,420. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 41,000 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the sale, the chief executive officer now directly owns 10,852,926 shares of the company's stock, valued at approximately $236,593,786.80. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.80% of the company's stock.

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.