Raymond James Financial Inc. Purchases Shares of 104,039 Oklo Inc. (NYSE:OKLO)

Raymond James Financial Inc. acquired a new stake in Oklo Inc. (NYSE:OKLO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 104,039 shares of the company's stock, valued at approximately $2,209,000. Raymond James Financial Inc. owned 0.09% of Oklo at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Oklo by 92.8% during the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock worth $92,216,000 after purchasing an additional 2,090,154 shares during the period. Van ECK Associates Corp bought a new stake in shares of Oklo in the 4th quarter worth approximately $38,661,000. Atomi Financial Group Inc. acquired a new stake in shares of Oklo during the 4th quarter worth approximately $19,285,000. TimesSquare Capital Management LLC bought a new stake in shares of Oklo during the fourth quarter valued at approximately $17,104,000. Finally, Geode Capital Management LLC acquired a new position in shares of Oklo in the third quarter valued at $5,971,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Wall Street Analysts Forecast Growth

OKLO has been the subject of a number of recent research reports. 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 started coverage on Oklo in a report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price objective on the stock. B. Riley increased their target price on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Craig Hallum assumed coverage on Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target on the stock. Finally, BTIG Research assumed coverage on Oklo in a research note 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 given a buy rating to the stock. Based on data from MarketBeat, Oklo currently has an average rating of "Moderate Buy" and a consensus price target of $46.40.

Oklo Price Performance

Shares of OKLO stock traded down $0.07 during trading hours on Friday, reaching $26.24. 11,546,648 shares of the company were exchanged, compared to its average volume of 11,599,211. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14. The stock's fifty day moving average is $25.10 and its two-hundred day moving average is $27.13. The company has a market cap of $3.65 billion, a price-to-earnings ratio of -2.59 and a beta of -0.01.

Oklo (NYSE:OKLO - Get Free Report) last announced 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). On average, research analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the transaction, the chief executive officer now directly owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. The trade was a 0.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John M. Jansen bought 6,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now owns 6,000 shares in the company, valued at $147,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by company insiders.

Oklo 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.