16,953 Shares in Oklo Inc. (NYSE:OKLO) Bought by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC bought a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,953 shares of the company's stock, valued at approximately $360,000.

Several other large investors have also recently modified their holdings of OKLO. Sandy Spring Bank bought a new stake in Oklo in the fourth quarter valued at approximately $32,000. Anfield Capital Management LLC bought a new position in Oklo during the fourth quarter worth $43,000. AlphaQuest LLC bought a new position in Oklo during the fourth quarter worth $45,000. Kozak & Associates Inc. acquired a new position in Oklo in the fourth quarter valued at $57,000. Finally, Spire Wealth Management bought a new stake in Oklo during the fourth quarter valued at $72,000. Institutional investors own 85.03% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Craig Hallum assumed coverage on Oklo in a research report on Tuesday, January 28th. They set a "buy" rating and a $44.00 target price on the stock. Wedbush reaffirmed an "outperform" rating and set a $45.00 price objective on shares of Oklo in a research report on Tuesday. Citigroup dropped 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. Finally, B. Riley raised their price target on shares of Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Oklo currently has an average rating of "Moderate Buy" and a consensus target price of $44.25.

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Oklo Stock Performance

Oklo stock traded down $1.41 during mid-day trading on Friday, reaching $22.42. The stock had a trading volume of 9,641,366 shares, compared to its average volume of 11,703,819. The firm has a market capitalization of $2.74 billion, a PE ratio of -2.21 and a beta of -0.28. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14. The stock's 50-day simple moving average is $36.10 and its 200-day simple moving average is $24.49.

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 the consensus estimate of ($0.08) by ($0.01). On average, research analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Oklo 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.