59,600 Shares in Oklo Inc. (NYSE:OKLO) Purchased by Swiss National Bank

Swiss National Bank purchased a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 59,600 shares of the company's stock, valued at approximately $1,265,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in shares of Oklo in the 4th quarter worth approximately $416,000. HighTower Advisors LLC purchased a new position in shares of Oklo in the fourth quarter worth $348,000. SPX Gestao de Recursos Ltda bought a new stake in Oklo during the 4th quarter valued at $2,123,000. JW Asset Management LLC purchased a new stake in Oklo during the 4th quarter valued at $318,000. Finally, Clare Market Investments LLC bought a new stake in Oklo in the 4th quarter worth $218,000. Institutional investors own 85.03% of the company's stock.

Oklo Price Performance

NYSE OKLO traded up $0.20 during trading hours on Wednesday, reaching $22.73. 10,320,699 shares of the company's stock traded hands, compared to its average volume of 11,695,813. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $59.14. The firm has a 50-day simple moving average of $35.61 and a 200 day simple moving average of $24.96. The firm has a market cap of $3.16 billion, a PE ratio of -2.24 and a beta of -0.28.

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

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Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction dated Thursday, March 27th. The shares were 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 of the company's stock, valued at approximately $277,494,059.15. The trade was a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John M. Jansen bought 6,000 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was purchased at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the purchase, the director now owns 6,000 shares of the company's stock, valued at approximately $147,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on OKLO shares. Citigroup cut their target price on Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Craig Hallum began coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a "buy" rating and a $44.00 target price on the stock. Wedbush reissued an "outperform" rating and issued a $45.00 price target on shares of Oklo in a research note on Tuesday, March 25th. Finally, B. Riley lifted their price objective on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $44.25.

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.