LPL Financial LLC Takes $2.76 Million Position in Oklo Inc. (NYSE:OKLO)

LPL Financial LLC acquired a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 130,084 shares of the company's stock, valued at approximately $2,762,000. LPL Financial LLC owned approximately 0.11% of Oklo as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in shares of Oklo during the fourth quarter valued at approximately $287,000. Sandy Spring Bank bought a new stake in Oklo in the fourth quarter worth $32,000. Signaturefd LLC purchased a new stake in Oklo during the 4th quarter valued at about $180,000. Commonwealth Equity Services LLC purchased a new stake in shares of Oklo during the fourth quarter valued at approximately $877,000. Finally, Balboa Wealth Partners bought a new stake in shares of Oklo in the 4th quarter worth $548,000. 85.03% of the stock is currently owned by institutional investors.

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 41,000 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the transaction, the chief executive officer now directly owns 10,852,926 shares in the company, valued at approximately $236,593,786.80. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John M. Jansen acquired 6,000 shares of the business's stock in a transaction dated 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 transaction, the director now owns 6,000 shares in the company, valued at approximately $147,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 21.80% of the company's stock.

Oklo Trading Down 3.4 %

Shares of Oklo stock traded down $0.78 on Wednesday, hitting $22.22. 1,101,417 shares of the company traded hands, compared to its average volume of 11,703,961. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14. The company has a market cap of $3.09 billion, a PE ratio of -2.19 and a beta of -0.01. The stock's 50 day moving average price is $31.35 and its 200-day moving average price is $25.94.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings results on Monday, March 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). As a group, research analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Craig Hallum began coverage on shares of Oklo in a report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price objective for the company. BTIG Research assumed coverage on Oklo in a research report on Friday, April 11th. They set a "neutral" rating for the company. Citigroup decreased their target price on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. B. Riley boosted their target price on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Finally, Wedbush reissued an "outperform" rating and issued a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $44.25.

About Oklo

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.