Oklo Inc. (NYSE:OKLO) Shares Bought by MML Investors Services LLC

MML Investors Services LLC increased its stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 382.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 61,963 shares of the company's stock after purchasing an additional 49,113 shares during the period. MML Investors Services LLC owned 0.05% of Oklo worth $1,315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Oklo by 92.8% during the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after acquiring an additional 2,090,154 shares in the last quarter. Van ECK Associates Corp bought a new position in Oklo in the fourth quarter valued at about $38,661,000. Atomi Financial Group Inc. purchased a new stake in Oklo during the fourth quarter valued at approximately $19,285,000. TimesSquare Capital Management LLC bought a new position in shares of Oklo in the fourth quarter worth about $17,104,000. Finally, Geode Capital Management LLC bought a new stake in shares of Oklo during the 3rd quarter valued at $5,971,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Trading Up 0.2 %

Shares of NYSE:OKLO traded up $0.06 during trading on Tuesday, hitting $25.53. 1,496,091 shares of the stock were exchanged, compared to its average volume of 11,534,994. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14. The company has a market cap of $3.55 billion, a PE ratio of -2.54 and a beta of -0.02. The company has a fifty day moving average price of $24.91 and a two-hundred day moving average price of $27.26.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Equities research analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Oklo

In other news, Director John M. Jansen purchased 6,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average price of $24.57 per share, with a total value of $147,420.00. Following the purchase, the director now directly owns 6,000 shares of the company's stock, valued at approximately $147,420. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 41,000 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were 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 $236,593,786.80. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on OKLO. Citigroup dropped their price objective on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. HC Wainwright began coverage on Oklo in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective for the company. BTIG Research started coverage on shares of Oklo in a research report on Friday, April 11th. They issued a "neutral" rating for the company. Wedbush reiterated an "outperform" rating and set a $45.00 price target on shares of Oklo in a research report on Tuesday, March 25th. Finally, 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Oklo has an average rating of "Moderate Buy" and a consensus 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.