Alyeska Investment Group L.P. Cuts Holdings in Oklo Inc. (NYSE:OKLO)

Alyeska Investment Group L.P. cut its holdings in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 56.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,206,281 shares of the company's stock after selling 1,557,179 shares during the quarter. Alyeska Investment Group L.P. owned 0.99% of Oklo worth $25,609,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in OKLO. TD Waterhouse Canada Inc. purchased a new position in Oklo in the 4th quarter worth $27,000. Sandy Spring Bank purchased a new position in shares of Oklo in the fourth quarter worth about $32,000. Covestor Ltd bought a new stake in shares of Oklo in the 4th quarter valued at about $34,000. Anfield Capital Management LLC purchased a new stake in Oklo during the 4th quarter valued at about $43,000. Finally, AlphaQuest LLC bought a new position in Oklo during the 4th quarter worth approximately $45,000. 85.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OKLO shares. BTIG Research assumed coverage on Oklo in a research note on Friday, April 11th. They set a "neutral" rating for the company. Craig Hallum assumed coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price target for the company. Wedbush restated an "outperform" rating and issued a $45.00 price objective on shares of Oklo in a research report on Tuesday, March 25th. B. Riley increased their target price on shares of Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Finally, HC Wainwright started coverage on Oklo in a research report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price target for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $46.40.

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 41,000 shares of the firm's 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 owns 10,852,926 shares of the company's stock, valued at $236,593,786.80. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the company's stock in a transaction on Thursday, March 27th. The stock was bought at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Insiders own 21.80% of the company's stock.

Oklo Price Performance

OKLO stock traded down $1.54 during trading on Wednesday, reaching $27.12. The company had a trading volume of 16,688,713 shares, compared to its average volume of 11,624,353. The business has a 50 day moving average of $24.71 and a 200 day moving average of $27.27. The company has a market cap of $3.78 billion, a P/E ratio of -2.68 and a beta of -0.02. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14.

Oklo (NYSE:OKLO - Get Free Report) last released its earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). Research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

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.