Renaissance Technologies LLC Purchases Shares of 424,300 Oklo Inc. (NYSE:OKLO)

Renaissance Technologies LLC bought a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 424,300 shares of the company's stock, valued at approximately $9,008,000. Renaissance Technologies LLC owned about 0.35% of Oklo as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Sandy Spring Bank purchased a new stake in shares of Oklo during the fourth quarter valued at approximately $32,000. Anfield Capital Management LLC purchased a new stake in shares of Oklo in the 4th quarter worth about $43,000. AlphaQuest LLC bought a new position in shares of Oklo during the fourth quarter valued at approximately $45,000. Kozak & Associates Inc. purchased a new position in Oklo during the fourth quarter valued at $57,000. Finally, Spire Wealth Management bought a new position in Oklo in the 4th quarter worth about $72,000. 85.03% of the stock is currently owned by institutional investors.

Oklo Stock Performance

OKLO stock traded up $0.43 on Friday, hitting $21.99. 4,576,112 shares of the company's stock were exchanged, compared to its average volume of 11,694,299. The firm has a 50 day moving average price of $29.48 and a two-hundred day moving average price of $26.10. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14. The stock has a market cap of $3.06 billion, a P/E ratio of -2.17 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) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). Sell-side analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Oklo news, CEO Jacob Dewitte sold 41,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 10,852,926 shares of the company's stock, valued at $236,593,786.80. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of $24.57 per share, with a total value of $147,420.00. Following the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at approximately $147,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 21.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on OKLO shares. BTIG Research started coverage on shares of Oklo in a research report on Friday, April 11th. They issued a "neutral" rating for the company. 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 research note on Thursday, February 6th. Citigroup cut their target price on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Wedbush reaffirmed an "outperform" rating and set a $45.00 price objective on shares of Oklo in a report on Tuesday, March 25th. Finally, Craig Hallum started coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.