Legal & General Group Plc boosted its stake in Oklo Inc. (NYSE:OKLO - Free Report) by 417.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,606 shares of the company's stock after purchasing an additional 23,889 shares during the period. Legal & General Group Plc's holdings in Oklo were worth $629,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Stifel Financial Corp acquired a new stake in shares of Oklo during the 3rd quarter valued at $104,000. State Street Corp bought a new stake in shares of Oklo during the third quarter worth about $2,889,000. Barclays PLC acquired a new position in shares of Oklo in the third quarter valued at approximately $58,000. Geode Capital Management LLC bought a new position in Oklo in the 3rd quarter valued at approximately $5,971,000. Finally, Sanctuary Advisors LLC acquired a new stake in Oklo during the 3rd quarter worth approximately $100,000. Institutional investors and hedge funds own 85.03% of the company's stock.
Insider Activity
In other Oklo news, Director John M. Jansen bought 6,000 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were purchased at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the purchase, the director now directly owns 6,000 shares of the company's stock, valued at approximately $147,420. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jacob Dewitte sold 35,365 shares of the business's 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 directly owns 11,033,561 shares in the company, valued at approximately $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.
Oklo Price Performance
Shares of Oklo stock opened at $24.50 on Tuesday. The business has a 50-day simple moving average of $26.04 and a 200 day simple moving average of $26.88. Oklo Inc. has a one year low of $5.35 and a one year high of $59.14. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of -2.42 and a beta of -0.01.
Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The company reported ($0.09) EPS 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 year.
Wall Street Analysts Forecast Growth
OKLO has been the subject of a number of recent research reports. HC Wainwright started coverage on Oklo in a report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective for the company. B. Riley lifted their price objective on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. BTIG Research started coverage on shares of Oklo in a research report on Friday, April 11th. They issued a "neutral" rating on the stock. Wedbush restated an "outperform" rating and issued a $45.00 target price on shares of Oklo in a report on Tuesday, March 25th. Finally, Citigroup decreased their price target on Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $46.40.
Read Our Latest Analysis on OKLO
Oklo Profile
(
Free Report)
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.
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