MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,929,139 shares of the company's stock after purchasing an additional 74,315 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 4.04% of Oklo worth $104,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. TD Waterhouse Canada Inc. bought a new stake in shares of Oklo in the 4th quarter worth approximately $27,000. Sandy Spring Bank bought a new stake in shares of Oklo in the 4th quarter worth approximately $32,000. CoreCap Advisors LLC bought a new stake in shares of Oklo in the 4th quarter worth approximately $32,000. Covestor Ltd bought a new stake in shares of Oklo in the 4th quarter worth approximately $34,000. Finally, Anfield Capital Management LLC bought a new stake in shares of Oklo in the 4th quarter worth approximately $43,000. 85.03% of the stock is currently owned by institutional investors.
Oklo Stock Up 0.7%
Shares of NYSE:OKLO traded up $0.26 during midday trading on Friday, reaching $37.67. The company's stock had a trading volume of 18,304,075 shares, compared to its average volume of 11,884,374. The firm has a 50 day moving average of $25.17 and a 200-day moving average of $27.73. The firm has a market capitalization of $5.24 billion, a P/E ratio of -6.96 and a beta of -0.02. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14.
Oklo (NYSE:OKLO - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. On average, research analysts predict that Oklo Inc. will post -8.2 EPS for the current year.
Insider Transactions at Oklo
In other news, Co-Founder, CEO Jacob DeWitte 139,635 shares of the business's stock in a transaction that occurred on Friday, March 28th. Following the completion of the , the insider now owns 10,893,926 shares of the company's stock, valued at approximately $249,253,026.88. This represents a 1.27% decrease in their ownership of the stock. The was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John M. Jansen purchased 6,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the purchase, the director now owns 6,000 shares in the company, valued at $147,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 21.80% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Craig Hallum initiated coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective for the company. Wedbush reaffirmed an "outperform" rating and issued a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. HC Wainwright initiated coverage on shares of Oklo in a research report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price objective on the stock. Citigroup reissued a "neutral" rating on shares of Oklo in a research report on Wednesday. Finally, B. Riley boosted their price objective on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Three 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $46.40.
Read Our Latest Research Report on OKLO
Oklo Profile
(
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.
Further Reading
Before you consider Oklo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oklo wasn't on the list.
While Oklo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
