Value Aligned Research Advisors LLC Takes Position in Oklo Inc. (NYSE:OKLO)

Value Aligned Research Advisors LLC bought a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 56,966 shares of the company's stock, valued at approximately $1,209,000. Oklo accounts for about 0.3% of Value Aligned Research Advisors LLC's holdings, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Oklo during the 3rd quarter worth $104,000. Stifel Financial Corp bought a new position in shares of Oklo in the third quarter worth about $104,000. State Street Corp bought a new position in shares of Oklo in the third quarter worth about $2,889,000. National Bank of Canada FI acquired a new stake in shares of Oklo in the 3rd quarter valued at approximately $105,000. Finally, MML Investors Services LLC bought a new stake in shares of Oklo during the 3rd quarter valued at approximately $104,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oklo

In other Oklo news, 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 cost 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. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacob Dewitte sold 35,365 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total value of $889,429.75. Following the transaction, the chief executive officer now owns 11,033,561 shares in the company, 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. Corporate insiders own 21.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OKLO. Craig Hallum assumed coverage on shares of Oklo in a research report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 target price on the stock. Wedbush restated an "outperform" rating and set a $45.00 price objective on shares of Oklo in a research report on Tuesday, March 25th. B. Riley increased their target price on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Citigroup reduced their price target on Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Finally, BTIG Research started coverage on shares of Oklo in a research report on Friday, April 11th. They set a "neutral" rating on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $44.25.

Oklo Price Performance

Shares of Oklo stock traded up $0.29 during midday trading on Thursday, reaching $21.85. The company had a trading volume of 3,236,584 shares, compared to its average volume of 11,688,931. The stock has a fifty day moving average price of $30.68 and a 200 day moving average price of $25.91. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14. The firm has a market cap of $3.04 billion, a PE ratio of -2.16 and a beta of -0.01.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings data on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). As a group, sell-side analysts forecast that Oklo Inc. will post -8.2 EPS for the current year.

Oklo 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.