KLP Kapitalforvaltning AS Invests $287,000 in Oklo Inc. (NYSE:OKLO)

KLP Kapitalforvaltning AS bought a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,500 shares of the company's stock, valued at approximately $287,000.

Other large investors also recently added to or reduced their stakes in the company. Sandy Spring Bank purchased a new position in shares of Oklo during the fourth quarter valued at $32,000. Signaturefd LLC acquired a new stake in Oklo during the 4th quarter worth about $180,000. Commonwealth Equity Services LLC purchased a new position in Oklo during the 4th quarter valued at about $877,000. Balboa Wealth Partners acquired a new position in shares of Oklo in the 4th quarter valued at about $548,000. Finally, Swiss National Bank purchased a new stake in shares of Oklo in the fourth quarter worth approximately $1,265,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oklo

In related news, Director John M. Jansen acquired 6,000 shares of the company's stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company's stock, valued at $147,420. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 35,365 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75. Following the completion of the sale, the chief executive officer now owns 11,033,561 shares in the company, valued at $277,494,059.15. This represents a 0.32 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on OKLO shares. Craig Hallum initiated coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price objective on the stock. B. Riley boosted their price target on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Wedbush reiterated an "outperform" rating and set a $45.00 price objective on shares of Oklo in a report on Tuesday, March 25th. Finally, Citigroup lowered their target price on Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Oklo presently has an average rating of "Moderate Buy" and an average target price of $44.25.

Oklo Stock Performance

Shares of Oklo stock traded down $1.35 during midday trading on Thursday, reaching $22.73. 10,812,733 shares of the company's stock traded hands, compared to its average volume of 11,799,671. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14. The company's 50 day simple moving average is $32.89 and its 200 day simple moving average is $25.65. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -2.24 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) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). As a group, equities research analysts predict 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.