CIBC Private Wealth Group LLC grew its position in Oklo Inc. (NYSE:OKLO - Free Report) by 18,653.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,016 shares of the company's stock after acquiring an additional 92,520 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.08% of Oklo worth $1,975,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in OKLO. Sandy Spring Bank purchased a new stake in Oklo in the 4th quarter worth about $32,000. Anfield Capital Management LLC purchased a new stake in shares of Oklo in the fourth quarter worth approximately $43,000. AlphaQuest LLC purchased a new stake in shares of Oklo in the fourth quarter worth approximately $45,000. Kozak & Associates Inc. bought a new stake in shares of Oklo during the 4th quarter worth approximately $57,000. Finally, Spire Wealth Management bought a new position in Oklo in the 4th quarter valued at $72,000. Institutional investors own 85.03% of the company's stock.
Insider Transactions at Oklo
In other news, Director John M. Jansen purchased 6,000 shares of the business's stock in a transaction on Thursday, March 27th. The shares were acquired at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company's stock, valued at $147,420. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 41,000 shares of the 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 owns 10,852,926 shares of the company's stock, valued at approximately $236,593,786.80. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently commented on OKLO shares. Citigroup cut their price target on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Craig Hallum began coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a "buy" rating and a $44.00 target price on the stock. Wedbush reiterated an "outperform" rating and issued a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. Finally, B. Riley raised their price objective on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Oklo presently has a consensus rating of "Moderate Buy" and an average target price of $44.25.
View Our Latest Analysis on OKLO
Oklo Price Performance
Shares of NYSE:OKLO traded down $2.06 during trading hours on Friday, hitting $19.83. The company's stock had a trading volume of 17,468,789 shares, compared to its average volume of 11,717,151. The firm's fifty day moving average price is $34.83 and its 200 day moving average price is $25.30. 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 $2.76 billion, a price-to-earnings ratio of -1.96 and a beta of -0.01.
Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). On average, equities research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.
Oklo Company 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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