Raymond James Financial Inc. Purchases New Shares in Oklo Inc. (NYSE:OKLO)

Raymond James Financial Inc. bought a new position in Oklo Inc. (NYSE:OKLO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 104,039 shares of the company's stock, valued at approximately $2,209,000. Raymond James Financial Inc. owned about 0.09% of Oklo as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. HITE Hedge Asset Management LLC acquired a new stake in Oklo during the third quarter worth about $19,753,000. Van ECK Associates Corp acquired a new stake in shares of Oklo during the 4th quarter worth approximately $38,661,000. Atomi Financial Group Inc. purchased a new stake in shares of Oklo during the 4th quarter valued at approximately $19,285,000. TimesSquare Capital Management LLC purchased a new position in Oklo in the fourth quarter worth approximately $17,104,000. Finally, Readystate Asset Management LP purchased a new position in Oklo in the third quarter worth approximately $6,193,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OKLO shares. Citigroup decreased their price target on Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Craig Hallum initiated coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a "buy" rating and a $44.00 target price for the company. Wedbush reissued an "outperform" rating and issued a $45.00 price target on shares of Oklo in a research note on Tuesday, March 25th. Finally, B. Riley lifted their target price 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 assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $44.25.

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Oklo Stock Performance

Shares of OKLO traded down $0.12 during mid-day trading on Wednesday, hitting $22.41. 7,728,159 shares of the company's stock were exchanged, compared to its average volume of 17,426,375. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -2.21 and a beta of -0.28. The stock's 50-day moving average is $35.83 and its 200-day moving average is $24.97. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly 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). As a group, equities research analysts anticipate that Oklo Inc. will post -8.2 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 35,365 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John M. Jansen purchased 6,000 shares of the business's stock in a transaction on Thursday, March 27th. The stock was acquired at an average price of $24.57 per share, for a total transaction 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 disclosure for this purchase can be found here. 21.80% of the stock is owned by company insiders.

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.