Raymond James Financial Inc. Acquires New Position in Oklo Inc. (NYSE:OKLO)

Raymond James Financial Inc. acquired a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 104,039 shares of the company's stock, valued at approximately $2,209,000. Raymond James Financial Inc. owned approximately 0.09% of Oklo as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC purchased a new position in shares of Oklo in the third quarter worth about $19,753,000. Atomi Financial Group Inc. acquired a new stake in Oklo in the 4th quarter valued at about $19,285,000. Archford Capital Strategies LLC purchased a new position in Oklo in the 4th quarter worth approximately $212,000. Barclays PLC acquired a new position in shares of Oklo during the 3rd quarter worth approximately $58,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Oklo by 2,386.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,325 shares of the company's stock valued at $198,000 after purchasing an additional 8,950 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock.

Insider Buying and Selling at Oklo

In other news, Director John M. Jansen purchased 6,000 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company's stock, valued at approximately $147,420. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction on 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 $277,494,059.15. The trade was 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 brokerages recently commented on OKLO. B. Riley lifted their price objective on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Craig Hallum initiated coverage on Oklo in a report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price target on the stock. Wedbush reissued an "outperform" rating and set a $45.00 price target on shares of Oklo in a research report on Tuesday, March 25th. Finally, 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 research report on Tuesday, March 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $44.25.

Oklo Stock Down 2.6 %

NYSE:OKLO traded down $0.60 on Thursday, reaching $22.10. The company's stock had a trading volume of 10,595,628 shares, compared to its average volume of 11,691,138. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14. The stock has a 50 day moving average price of $35.27 and a 200 day moving average price of $24.94. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of -2.18 and a beta of -0.28.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). Equities research analysts expect 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.