Alight Capital Management LP Has $1.49 Million Stake in Oklo Inc. (NYSE:OKLO)

Alight Capital Management LP reduced its stake in Oklo Inc. (NYSE:OKLO - Free Report) by 65.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,000 shares of the company's stock after selling 130,000 shares during the period. Alight Capital Management LP owned approximately 0.06% of Oklo worth $1,486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atomi Financial Group Inc. purchased a new position in Oklo during the 4th quarter worth $19,285,000. Archford Capital Strategies LLC acquired a new position in Oklo during the fourth quarter worth about $212,000. Vanguard Group Inc. grew its holdings 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 buying an additional 2,090,154 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Oklo during the 4th quarter worth about $2,209,000. Finally, Barclays PLC purchased a new stake in shares of Oklo during the third quarter worth about $58,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on OKLO. 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 note on Thursday, February 6th. HC Wainwright started coverage on Oklo in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price target on the stock. Citigroup dropped their target price on shares of 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 note on Tuesday, January 28th. They set a "buy" rating and a $44.00 target price for the company. Finally, BTIG Research started coverage on Oklo in a report on Friday, April 11th. They set a "neutral" rating for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $46.40.

Oklo Trading Down 7.5 %

Shares of Oklo stock traded down $2.16 during trading on Wednesday, reaching $26.50. The company's stock had a trading volume of 12,511,597 shares, compared to its average volume of 11,607,884. The stock has a 50-day moving average price of $24.84 and a two-hundred day moving average price of $27.27. The stock has a market capitalization of $3.69 billion, a P/E ratio of -2.61 and a beta of -0.02. Oklo Inc. has a one year low of $5.35 and a one year high of $59.14.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). As a group, sell-side analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Activity at Oklo

In other news, CEO Jacob Dewitte sold 41,000 shares of Oklo stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $21.80, for a total transaction of $893,800.00. Following the completion of the transaction, the chief executive officer now directly owns 10,852,926 shares in the company, valued at approximately $236,593,786.80. The trade was a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 acquired 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 trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is owned by company insiders.

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.