JPMorgan Chase & Co. Has $3.52 Million Stock Holdings in Oklo Inc. (NYSE:OKLO)

JPMorgan Chase & Co. boosted its holdings in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 446.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,909 shares of the company's stock after purchasing an additional 135,570 shares during the period. JPMorgan Chase & Co. owned 0.14% of Oklo worth $3,522,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Oklo by 92.8% in the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after buying an additional 2,090,154 shares during the period. Van ECK Associates Corp acquired a new stake in shares of Oklo during the fourth quarter worth $38,661,000. Atomi Financial Group Inc. acquired a new stake in shares of Oklo during the fourth quarter worth $19,285,000. TimesSquare Capital Management LLC acquired a new stake in shares of Oklo during the fourth quarter worth $17,104,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Oklo during the third quarter worth $5,971,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John M. Jansen acquired 6,000 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of $24.57 per share, with a total value of $147,420.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at $147,420. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacob Dewitte sold 41,000 shares of the firm's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $21.80, for a total value of $893,800.00. Following the sale, the chief executive officer now directly owns 10,852,926 shares of the company's stock, valued at $236,593,786.80. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Oklo Price Performance

Shares of OKLO traded up $1.61 during mid-day trading on Thursday, hitting $24.98. 5,087,343 shares of the company's stock were exchanged, compared to its average volume of 11,659,227. The company has a market cap of $3.47 billion, a PE ratio of -2.46 and a beta of -0.01. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14. The company has a 50-day simple moving average of $27.55 and a 200 day simple moving average of $26.34.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly 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, analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.

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.