13,500 Shares in Oklo Inc. (NYSE:OKLO) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in shares of Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,500 shares of the company’s stock, valued at approximately $287,000.

Several other hedge funds have also added to or reduced their stakes in OKLO. Sandy Spring Bank purchased a new position in shares of Oklo during the 4th quarter valued at $32,000. Anfield Capital Management LLC bought a new stake in Oklo in the 4th quarter valued at about $43,000. AlphaQuest LLC bought a new position in Oklo during the fourth quarter worth about $45,000. Kozak & Associates Inc. purchased a new position in shares of Oklo in the fourth quarter worth about $57,000. Finally, Spire Wealth Management bought a new stake in shares of Oklo in the fourth quarter valued at approximately $72,000. Institutional investors own 85.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OKLO shares. Craig Hallum assumed coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. Wedbush reiterated an “outperform” rating and set a $45.00 price objective on shares of Oklo in a research note on Tuesday, March 25th. B. Riley raised their target price on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Citigroup decreased their price target on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Oklo presently has an average rating of “Moderate Buy” and an average price target of $44.25.

Insider Activity

In other Oklo news, Director John M. Jansen acquired 6,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at $147,420. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing 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 shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the completion of the sale, the chief executive officer now directly owns 11,033,561 shares of the company’s stock, valued at approximately $277,494,059.15. This trade represents 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 Price Performance

OKLO opened at $19.83 on Monday. The firm has a market capitalization of $2.76 billion, a P/E ratio of -1.96 and a beta of -0.01. Oklo Inc. has a one year low of $5.35 and a one year high of $59.14. The company has a fifty day moving average price of $34.83 and a 200-day moving average price of $25.30.

Oklo (NYSE:OKLO) last posted its earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). On average, analysts expect that Oklo Inc. will post -8.2 earnings per share for the current 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.