41,288 Shares in Oklo Inc. (NYSE:OKLO) Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC purchased a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,288 shares of the company's stock, valued at approximately $877,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Anfield Capital Management LLC bought a new stake in Oklo during the fourth quarter worth approximately $43,000. AlphaQuest LLC acquired a new position in Oklo in the 4th quarter valued at $45,000. Kozak & Associates Inc. acquired a new position in Oklo during the 4th quarter worth $57,000. Spire Wealth Management acquired a new position in Oklo during the 4th quarter worth $72,000. Finally, Wolff Wiese Magana LLC bought a new stake in Oklo during the fourth quarter valued at about $99,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction 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 completion of the transaction, the chief executive officer now owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. The trade was a 0.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John M. Jansen purchased 6,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was acquired 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 directly owns 6,000 shares of the company's stock, valued at $147,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by corporate insiders.

Remove Ads

Oklo Stock Performance

Shares of OKLO stock traded up $0.20 during trading hours on Wednesday, hitting $22.73. The company had a trading volume of 10,320,699 shares, compared to its average volume of 11,695,753. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of -2.24 and a beta of -0.28. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14. The firm's fifty day moving average is $35.83 and its 200 day moving average is $24.97.

Oklo (NYSE:OKLO - Get Free Report) last posted its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). On average, sell-side analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on OKLO shares. Craig Hallum initiated 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. B. Riley boosted their price target on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Citigroup reduced their price objective on Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Finally, Wedbush restated an "outperform" rating and set a $45.00 price objective on shares of Oklo in a research report on Tuesday, March 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Oklo presently has a consensus rating of "Moderate Buy" and an average 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.