Marshall Wace LLP Makes New $1.25 Million Investment in Oklo Inc. (NYSE:OKLO)

Marshall Wace LLP bought a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 58,900 shares of the company's stock, valued at approximately $1,250,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atomi Financial Group Inc. purchased a new position in shares of Oklo during the 4th quarter valued at approximately $19,285,000. Archford Capital Strategies LLC purchased a new position in shares of Oklo during the 4th quarter valued at approximately $212,000. Vanguard Group Inc. lifted its position in shares of Oklo by 92.8% during 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 in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Oklo during the 4th quarter valued at approximately $2,209,000. Finally, Barclays PLC purchased a new position in shares of Oklo during the 3rd quarter valued at approximately $58,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Oklo Stock Down 0.2 %

Shares of OKLO opened at $24.43 on Wednesday. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $59.14. The company has a market capitalization of $3.40 billion, a PE ratio of -2.41 and a beta of -0.01. The stock has a fifty day simple moving average of $25.67 and a two-hundred day simple moving average of $26.86.

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

Insider Activity at Oklo

In other news, CEO Jacob Dewitte sold 35,365 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John M. Jansen acquired 6,000 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at approximately $147,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on OKLO shares. Craig Hallum started coverage on Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective for the company. Wedbush reissued an "outperform" rating and issued a $45.00 price objective on shares of Oklo in a research note on Tuesday, March 25th. Citigroup reduced their price objective on Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. HC Wainwright started coverage on Oklo in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective for the company. Finally, BTIG Research started coverage on Oklo in a research note on Friday, April 11th. They issued a "neutral" rating for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.40.

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.

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