Oklo Inc. (NYSE:OKLO) Director John M. Jansen Acquires 6,000 Shares

Oklo Inc. (NYSE:OKLO) Director John M. Jansen acquired 6,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were bought 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 in the company, valued at approximately $147,420. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Oklo Price Performance

NYSE:OKLO opened at $21.72 on Tuesday. The firm’s fifty day moving average price is $36.01 and its two-hundred day moving average price is $24.86. The company has a market cap of $3.02 billion, a P/E ratio of -2.14 and a beta of -0.28. Oklo Inc. has a one year low of $5.35 and a one year high of $59.14.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). As a group, equities research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on OKLO shares. Craig Hallum started coverage on shares of Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price on the stock. Wedbush restated an “outperform” rating and set a $45.00 price objective on shares of Oklo in a research note on Tuesday, March 25th. B. Riley raised their target price on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Citigroup lowered their price target on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.25.

Institutional Trading of Oklo

Hedge funds have recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC acquired a new position in Oklo in the 3rd quarter valued at $19,753,000. Vanguard Group Inc. boosted its position in shares of Oklo by 92.8% in the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company’s stock valued at $92,216,000 after acquiring an additional 2,090,154 shares during the period. Van ECK Associates Corp acquired a new position in shares of Oklo in the fourth quarter valued at about $38,661,000. Atomi Financial Group Inc. bought a new position in Oklo during the fourth quarter worth about $19,285,000. Finally, TimesSquare Capital Management LLC acquired a new stake in Oklo in the 4th quarter worth about $17,104,000. 85.03% of the stock is owned by institutional investors and hedge funds.

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.