ArchPoint Investors Takes Position in Oklo Inc. (NYSE:OKLO)

ArchPoint Investors purchased a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 21,854 shares of the company's stock, valued at approximately $464,000.

Other large investors have also made changes to their positions in the company. Sandy Spring Bank purchased a new position in Oklo during the 4th quarter valued at about $32,000. Anfield Capital Management LLC acquired a new stake in shares of Oklo during the fourth quarter valued at $43,000. AlphaQuest LLC purchased a new position in shares of Oklo during the fourth quarter valued at approximately $45,000. Cerity Partners LLC boosted its position in Oklo by 4.9% during the fourth quarter. Cerity Partners LLC now owns 53,805 shares of the company's stock worth $1,142,000 after acquiring an additional 2,490 shares during the last quarter. Finally, Kozak & Associates Inc. purchased a new stake in Oklo in the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Oklo Stock Performance

OKLO traded down $1.58 on Thursday, reaching $22.50. 6,457,955 shares of the company's stock were exchanged, compared to its average volume of 11,781,421. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14. The company's 50 day moving average is $33.36 and its 200-day moving average is $25.55. The company has a market cap of $3.13 billion, a price-to-earnings ratio of -2.22 and a beta of -0.01.

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

Insider Activity at Oklo

In other Oklo news, 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 completion of the transaction, the director now owns 6,000 shares in the company, valued at $147,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 35,365 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the sale, the chief executive officer now directly owns 11,033,561 shares of the company's stock, valued at $277,494,059.15. The trade was a 0.32 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.80% of the company's stock.

Analyst Upgrades and Downgrades

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

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.