Oklo Inc. (NYSE:OKLO) Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. grew its position in Oklo Inc. (NYSE:OKLO - Free Report) by 69.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 257,194 shares of the company's stock after acquiring an additional 105,472 shares during the quarter. Baird Financial Group Inc. owned about 0.21% of Oklo worth $5,460,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Ancora Advisors LLC lifted its position in Oklo by 18.2% during the 4th quarter. Ancora Advisors LLC now owns 4,610 shares of the company's stock worth $98,000 after acquiring an additional 710 shares during the period. Aristotle Atlantic Partners LLC grew its position in Oklo by 18.4% in the 4th quarter. Aristotle Atlantic Partners LLC now owns 35,136 shares of the company's stock valued at $746,000 after buying an additional 5,469 shares during the last quarter. JAT Capital Mgmt LP acquired a new position in Oklo in the 4th quarter valued at $14,798,000. Schonfeld Strategic Advisors LLC purchased a new position in Oklo during the 4th quarter worth $354,000. Finally, Northern Trust Corp lifted its stake in shares of Oklo by 10.7% in the 4th quarter. Northern Trust Corp now owns 167,304 shares of the company's stock worth $3,552,000 after acquiring an additional 16,222 shares during the period. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OKLO has been the subject of several analyst reports. BTIG Research assumed coverage on shares of Oklo in a report on Friday, April 11th. They set a "neutral" rating for the company. B. Riley lifted their price target on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Citigroup cut their price objective on Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Craig Hallum began coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a "buy" rating and a $44.00 target price on the stock. Finally, Wedbush reiterated an "outperform" rating and issued a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $46.40.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 41,000 shares of the firm's 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 transaction, the chief executive officer now directly owns 10,852,926 shares in the company, valued at $236,593,786.80. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the firm's stock in a transaction dated 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 acquisition, the director now directly owns 6,000 shares in the company, valued at approximately $147,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by insiders.

Oklo Price Performance

NYSE:OKLO opened at $28.09 on Friday. The firm has a market cap of $3.91 billion, a PE ratio of -2.77 and a beta of -0.02. The firm has a 50 day simple moving average of $24.61 and a 200-day simple moving average of $27.35. 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 quarterly earnings results 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). As a group, sell-side analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

About Oklo

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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