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

Oklo Inc. (NYSE:OKLO) Director John M. Jansen bought 6,000 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were acquired 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 directly owns 6,000 shares in the company, valued at approximately $147,420. This represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Oklo Stock Up 4.2 %

OKLO stock opened at $22.55 on Wednesday. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of -2.23 and a beta of -0.28. The business’s fifty day simple moving average is $35.83 and its two-hundred day simple moving average is $24.97.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Research analysts expect that Oklo Inc. will post -8.2 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Oklo

Several institutional investors and hedge funds have recently modified their holdings of OKLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Oklo by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company’s stock worth $104,646,000 after purchasing an additional 74,315 shares during the period. Vanguard Group Inc. increased its stake in shares of Oklo by 92.8% during the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company’s stock valued at $92,216,000 after buying an additional 2,090,154 shares during the period. HITE Hedge Asset Management LLC bought a new stake in shares of Oklo in the third quarter valued at about $19,753,000. Van ECK Associates Corp purchased a new stake in Oklo in the fourth quarter worth about $38,661,000. Finally, Atomi Financial Group Inc. bought a new position in Oklo during the 4th quarter worth about $19,285,000. Institutional investors own 85.03% of the company’s stock.

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.