Stifel Financial Corp Purchases 104,140 Shares of Oklo Inc. (NYSE:OKLO)

Stifel Financial Corp increased its position in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 808.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,026 shares of the company's stock after purchasing an additional 104,140 shares during the quarter. Stifel Financial Corp owned approximately 0.10% of Oklo worth $2,484,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new position in shares of Oklo in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC raised its position in Oklo by 1,048.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,859 shares of the company's stock valued at $103,000 after purchasing an additional 4,436 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Oklo by 382.2% during the fourth quarter. MML Investors Services LLC now owns 61,963 shares of the company's stock worth $1,315,000 after purchasing an additional 49,113 shares during the last quarter. Natixis increased its stake in shares of Oklo by 556.0% in the fourth quarter. Natixis now owns 8,528 shares of the company's stock valued at $181,000 after buying an additional 7,228 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Oklo in the fourth quarter valued at about $267,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oklo

In other news, Director John M. Jansen bought 6,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was 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 of the company's stock, valued at $147,420. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 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 sale, the chief executive officer now directly owns 11,033,561 shares in the company, valued at $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.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on OKLO shares. Wedbush reaffirmed an "outperform" rating and issued a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. BTIG Research began coverage on Oklo in a research note on Friday, April 11th. They issued a "neutral" rating on the stock. Craig Hallum began coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target for the company. B. Riley boosted their target price on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research note 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 on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $46.40.

Oklo Trading Down 5.4 %

Shares of OKLO stock traded down $1.54 on Wednesday, hitting $27.12. 16,688,713 shares of the stock were exchanged, compared to its average volume of 11,624,295. The business has a 50-day moving average of $24.84 and a 200 day moving average of $27.27. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14. The firm has a market capitalization of $3.78 billion, a P/E ratio of -2.68 and a beta of -0.02.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). As a group, research analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

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.