Pictet Asset Management Holding SA Sells 2,753 Shares of Oklo Inc. (NYSE:OKLO)

Pictet Asset Management Holding SA trimmed its position in shares of Oklo Inc. (NYSE:OKLO) by 16.9% during the 4th quarter, Holdings Channel reports. The firm owned 13,554 shares of the company’s stock after selling 2,753 shares during the period. Pictet Asset Management Holding SA’s holdings in Oklo were worth $288,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Sandy Spring Bank purchased a new stake in Oklo in the 4th quarter worth $32,000. Anfield Capital Management LLC bought a new position in shares of Oklo in the fourth quarter worth about $43,000. AlphaQuest LLC purchased a new stake in shares of Oklo during the fourth quarter worth about $45,000. Kozak & Associates Inc. bought a new stake in Oklo during the 4th quarter valued at approximately $57,000. Finally, Barclays PLC bought a new stake in Oklo during the 3rd quarter valued at approximately $58,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Stock Performance

NYSE OKLO opened at $22.73 on Friday. The stock has a 50 day moving average price of $32.89 and a 200-day moving average price of $25.65. Oklo Inc. has a one year low of $5.35 and a one year high of $59.14. The company has a market capitalization of $3.16 billion, a P/E ratio of -2.24 and a beta of -0.01.

Oklo (NYSE:OKLO) last released its quarterly earnings data on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). As a group, equities analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup cut their price objective on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Wedbush restated an “outperform” rating and set a $45.00 target price on shares of Oklo in a research report on Tuesday, March 25th. Craig Hallum initiated coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price target on the stock. Finally, B. Riley increased their price objective on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

Insider Activity at Oklo

In other news, Director John M. Jansen bought 6,000 shares of Oklo stock in a transaction dated Thursday, March 27th. The shares were acquired at an average price 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. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 of the company’s stock, valued at approximately $277,494,059.15. This represents a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is owned by insiders.

Oklo Company 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.