SIR Capital Management L.P. Purchases New Stake in Oklo Inc. (NYSE:OKLO)

SIR Capital Management L.P. purchased a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 155,442 shares of the company's stock, valued at approximately $3,300,000. SIR Capital Management L.P. owned about 0.13% of Oklo at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of OKLO. Vanguard Group Inc. lifted its holdings in Oklo by 92.8% in the fourth 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 period. Van ECK Associates Corp acquired a new stake in Oklo in the fourth quarter worth $38,661,000. Atomi Financial Group Inc. acquired a new stake in Oklo in the fourth quarter worth $19,285,000. TimesSquare Capital Management LLC acquired a new stake in Oklo in the fourth quarter worth $17,104,000. Finally, JAT Capital Mgmt LP acquired a new stake in Oklo in the fourth quarter worth $14,798,000. 85.03% of the stock is owned by institutional investors.

Insider Transactions at Oklo

In related news, Director John M. Jansen bought 6,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the transaction, the director now directly owns 6,000 shares of the company's stock, valued at approximately $147,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 35,365 shares of the company's stock in a transaction on 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 owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. The trade was a 0.32% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company's stock.

Oklo Trading Up 5.5%

OKLO traded up $2.07 during trading on Monday, reaching $39.79. 18,927,831 shares of the company's stock were exchanged, compared to its average volume of 11,945,795. Oklo Inc. has a one year low of $5.35 and a one year high of $59.14. The stock has a market capitalization of $5.54 billion, a PE ratio of -7.35 and a beta of -0.02. The firm has a fifty day moving average price of $25.42 and a two-hundred day moving average price of $27.89.

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

Analyst Upgrades and Downgrades

OKLO has been the topic of several analyst reports. 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. BTIG Research started coverage on shares of Oklo in a research report on Friday, April 11th. They issued a "neutral" rating for the company. Citigroup reissued a "neutral" rating on shares of Oklo in a research report on Wednesday, May 14th. Craig Hallum initiated coverage on shares of Oklo in a research report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective for the company. Finally, HC Wainwright began coverage on shares of Oklo in a research note on Wednesday, April 23rd. They set a "buy" rating and a $55.00 target price for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.40.

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.