17,045 Shares in Oklo Inc. (NYSE:OKLO) Acquired by Tradewinds LLC.

Tradewinds LLC. bought a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,045 shares of the company's stock, valued at approximately $362,000.

Other institutional investors have also recently modified their holdings of the company. HITE Hedge Asset Management LLC purchased a new stake in Oklo during the third quarter worth about $19,753,000. Atomi Financial Group Inc. purchased a new stake in shares of Oklo during the 4th quarter worth approximately $19,285,000. Archford Capital Strategies LLC acquired a new stake in shares of Oklo in the 4th quarter worth approximately $212,000. Raymond James Financial Inc. purchased a new position in Oklo in the 4th quarter valued at approximately $2,209,000. Finally, Barclays PLC acquired a new position in Oklo during the third quarter worth $58,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Stock Down 9.4 %

Shares of OKLO traded down $2.06 on Friday, hitting $19.83. 17,468,789 shares of the stock traded hands, compared to its average volume of 11,717,151. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $59.14. The stock's 50 day moving average is $34.83 and its two-hundred day moving average is $25.16. The firm has a market capitalization of $2.76 billion, a P/E ratio of -1.96 and a beta of -0.01.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings results 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). Research analysts forecast that Oklo Inc. will post -8.2 EPS for the current year.

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Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 41,000 shares of the business's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $21.80, for a total transaction of $893,800.00. Following the completion of the sale, the chief executive officer now owns 10,852,926 shares of the company's stock, valued at approximately $236,593,786.80. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John M. Jansen purchased 6,000 shares of the company's stock in a transaction on Thursday, March 27th. The shares were purchased 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 directly owns 6,000 shares of the company's stock, valued at $147,420. The trade was 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 insiders.

Wall Street Analyst Weigh In

OKLO has been the topic of several research reports. B. Riley upped their target price on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Craig Hallum initiated coverage on shares of Oklo in a report on Tuesday, January 28th. They set a "buy" rating and a $44.00 target price for the company. Citigroup reduced their target price on Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Finally, Wedbush reissued an "outperform" rating and set a $45.00 price target on shares of Oklo in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $44.25.

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.