79,751 Shares in Oklo Inc. (NYSE:OKLO) Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. bought a new position in Oklo Inc. (NYSE:OKLO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 79,751 shares of the company's stock, valued at approximately $1,693,000. Alliancebernstein L.P. owned 0.07% of Oklo as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sandy Spring Bank bought a new stake in Oklo during the 4th quarter valued at approximately $32,000. Anfield Capital Management LLC acquired a new stake in shares of Oklo in the fourth quarter worth $43,000. AlphaQuest LLC bought a new position in Oklo during the fourth quarter worth $45,000. Kozak & Associates Inc. acquired a new position in Oklo during the 4th quarter valued at $57,000. Finally, Barclays PLC bought a new stake in Oklo in the 3rd quarter valued at $58,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OKLO. BTIG Research began coverage on Oklo in a report on Friday, April 11th. They set a "neutral" rating on the stock. Craig Hallum began coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target on the stock. Citigroup dropped their price objective 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. B. Riley upped 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. Finally, Wedbush reissued an "outperform" rating and issued a $45.00 price target on shares of Oklo in a research report on Tuesday, March 25th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $44.25.

Oklo Stock Performance

OKLO stock traded up $0.43 during midday trading 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 stock's fifty day moving average price is $29.48 and its 200-day moving average price is $26.10. Oklo Inc. has a one year low of $5.35 and a one year high of $59.14. The company has a market cap of $3.06 billion, a PE ratio of -2.17 and a beta of -0.01.

Oklo (NYSE:OKLO - Get Free Report) last announced its 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). On average, analysts expect that Oklo Inc. will post -8.2 EPS for the current year.

Insider Activity

In other Oklo news, Director John M. Jansen bought 6,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were bought at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company's stock, valued at $147,420. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jacob Dewitte sold 35,365 shares of the business's stock in a transaction that occurred 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 owns 11,033,561 shares of the company's stock, valued at approximately $277,494,059.15. This trade represents a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.80% of the company's stock.

Oklo Company 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.