Vanguard Group Inc. Acquires 2,090,154 Shares of Oklo Inc. (NYSE:OKLO)

Vanguard Group Inc. lifted its position in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 92.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,343,679 shares of the company's stock after purchasing an additional 2,090,154 shares during the period. Vanguard Group Inc. owned 3.56% of Oklo worth $92,216,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Atomi Financial Group Inc. purchased a new stake in Oklo in the 4th quarter valued at about $19,285,000. Archford Capital Strategies LLC purchased a new stake in shares of Oklo during the fourth quarter valued at approximately $212,000. Raymond James Financial Inc. purchased a new stake in shares of Oklo during the fourth quarter valued at approximately $2,209,000. Barclays PLC bought a new stake in Oklo during the third quarter worth $58,000. Finally, Steward Partners Investment Advisory LLC boosted its position in Oklo by 2,386.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,325 shares of the company's stock worth $198,000 after purchasing an additional 8,950 shares during the last quarter. 85.03% of the stock is owned by institutional investors.

Oklo Stock Down 1.0 %

NYSE:OKLO traded down $0.24 during mid-day trading on Friday, hitting $22.49. 7,772,721 shares of the stock traded hands, compared to its average volume of 11,782,341. The company has a market cap of $3.13 billion, a PE ratio of -2.22 and a beta of -0.01. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14. The business's 50-day moving average price is $32.41 and its 200 day moving average price is $25.87.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings data 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). Analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on OKLO shares. B. Riley lifted their target price on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. BTIG Research began coverage on shares of Oklo in a report on Friday. They set a "neutral" rating on the stock. Wedbush reiterated an "outperform" rating and issued a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. Craig Hallum began 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. Finally, Citigroup reduced their price target on Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $44.25.

Insider Buying and Selling at Oklo

In related news, Director John M. Jansen acquired 6,000 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 6,000 shares of the company's stock, valued at $147,420. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jacob Dewitte sold 41,000 shares of Oklo stock in a transaction on Monday, March 31st. The stock was sold at an average price of $21.80, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 21.80% of the company's stock.

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.