Schonfeld Strategic Advisors LLC Acquires New Stake in Oklo Inc. (NYSE:OKLO)

Schonfeld Strategic Advisors LLC acquired a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,653 shares of the company's stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. acquired a new stake in Oklo during the fourth quarter worth approximately $27,000. Sandy Spring Bank acquired a new stake in Oklo during the 4th quarter worth approximately $32,000. Covestor Ltd bought a new stake in Oklo in the 4th quarter valued at $34,000. Anfield Capital Management LLC acquired a new position in Oklo in the 4th quarter valued at $43,000. Finally, AlphaQuest LLC acquired a new position in Oklo in the 4th quarter valued at $45,000. 85.03% of the stock is currently owned by institutional investors.

Insider Transactions at Oklo

In other news, Director John M. Jansen purchased 6,000 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were purchased 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 of the company's stock, valued at $147,420. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jacob Dewitte sold 35,365 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $25.15, for a total value of $889,429.75. Following the sale, the chief executive officer now owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. This trade represents a 0.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.80% of the company's stock.

Oklo Trading Up 14.0%

NYSE OKLO traded up $4.48 on Wednesday, hitting $36.51. 39,163,813 shares of the company's stock were exchanged, compared to its average volume of 11,750,447. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14. The stock has a 50-day moving average of $24.70 and a 200-day moving average of $27.58. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of -3.60 and a beta of -0.02.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate 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.

Analysts Set New Price Targets

A number of research analysts have issued reports on OKLO shares. 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. Wedbush restated an "outperform" rating and set a $45.00 price objective on shares of Oklo in a research note on Tuesday, March 25th. Citigroup reaffirmed a "neutral" rating on shares of Oklo in a report on Wednesday. BTIG Research initiated coverage on Oklo in a report on Friday, April 11th. They set a "neutral" rating on the stock. Finally, B. Riley boosted 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. 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, Oklo presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.40.

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.