Alpine Global Management LLC Makes New Investment in Oklo Inc. (NYSE:OKLO)

Alpine Global Management LLC purchased a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,127 shares of the company's stock, valued at approximately $427,000.

A number of other hedge funds also recently made changes to their positions in OKLO. TD Waterhouse Canada Inc. bought a new stake in Oklo in the fourth quarter valued at $27,000. Sandy Spring Bank acquired a new stake in shares of Oklo in the 4th quarter valued at $32,000. Covestor Ltd bought a new stake in shares of Oklo in the 4th quarter worth about $34,000. Anfield Capital Management LLC acquired a new stake in shares of Oklo during the 4th quarter worth about $43,000. Finally, AlphaQuest LLC bought a new position in Oklo during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Oklo Trading Down 2.4 %

Oklo stock traded down $0.58 during mid-day trading on Friday, hitting $23.74. The stock had a trading volume of 6,533,540 shares, compared to its average volume of 11,658,574. The stock has a 50-day simple moving average of $26.98 and a two-hundred day simple moving average of $26.44. The stock has a market capitalization of $3.30 billion, a PE ratio of -2.34 and a beta of -0.01. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14.

Oklo (NYSE:OKLO - Get Free Report) last released its 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). Sell-side analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Oklo

In other news, CEO Jacob Dewitte sold 35,365 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was 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. This represents a 0.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John M. Jansen acquired 6,000 shares of Oklo stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at $147,420. The trade was 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

Several analysts have recently weighed in on the stock. B. Riley raised their price objective on shares of Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Craig Hallum began coverage on Oklo in a research report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective for the company. Wedbush restated an "outperform" rating and set a $45.00 target price on shares of Oklo in a report on Tuesday, March 25th. HC Wainwright began coverage on shares of Oklo in a research report on Wednesday. They set a "buy" rating and a $55.00 price target on the stock. Finally, BTIG Research assumed coverage on shares of Oklo in a report on Friday, April 11th. They set a "neutral" rating on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Oklo currently has an average rating of "Moderate Buy" and an average price target of $46.40.

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.