Moore Capital Management LP Lowers Stake in Oklo Inc. (NYSE:OKLO)

Moore Capital Management LP decreased its position in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 75.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the company's stock after selling 75,000 shares during the period. Moore Capital Management LP's holdings in Oklo were worth $531,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. TD Waterhouse Canada Inc. bought a new stake in shares of Oklo in the fourth quarter worth about $27,000. Sandy Spring Bank bought a new stake in shares of Oklo in the fourth quarter worth about $32,000. CoreCap Advisors LLC bought a new stake in shares of Oklo in the fourth quarter worth about $32,000. Covestor Ltd bought a new stake in shares of Oklo in the fourth quarter worth about $34,000. Finally, Anfield Capital Management LLC bought a new stake in shares of Oklo in the fourth quarter worth about $43,000. 85.03% of the stock is owned by institutional investors.

Oklo Trading Up 0.7%

OKLO traded up $0.26 on Friday, reaching $37.67. The stock had a trading volume of 18,304,075 shares, compared to its average volume of 11,884,374. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14. The business's 50-day moving average price is $25.42 and its two-hundred day moving average price is $27.81. The company has a market cap of $5.24 billion, a P/E ratio of -6.96 and a beta of -0.02.

Oklo (NYSE:OKLO - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. As a group, analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.

Wall Street Analyst Weigh In

OKLO has been the topic of several research reports. BTIG Research initiated coverage on Oklo in a research report on Friday, April 11th. They set a "neutral" rating on the stock. Wedbush reaffirmed an "outperform" rating and set a $45.00 price objective on shares of Oklo in a research report on Tuesday, March 25th. Craig Hallum initiated coverage on Oklo in a research report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price objective on the stock. Citigroup reaffirmed a "neutral" rating on shares of Oklo in a research report on Wednesday. Finally, B. Riley boosted their price target on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.40.

Insider Buying and Selling

In other Oklo news, Director John M. Jansen bought 6,000 shares of Oklo stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the acquisition, the director now directly owns 6,000 shares in the company, valued at $147,420. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 41,000 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $21.80, for a total transaction of $893,800.00. Following the completion of the sale, the chief executive officer now directly owns 10,852,926 shares in the company, valued at approximately $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 company insiders.

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.