CIBC Private Wealth Group LLC Has $1.98 Million Stock Position in Oklo Inc. (NYSE:OKLO)

CIBC Private Wealth Group LLC grew its position in Oklo Inc. (NYSE:OKLO) by 18,653.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,016 shares of the company’s stock after purchasing an additional 92,520 shares during the period. CIBC Private Wealth Group LLC’s holdings in Oklo were worth $1,975,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OKLO. Vanguard Group Inc. raised its position in 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 acquiring an additional 2,090,154 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of Oklo during the 4th quarter worth $38,661,000. Atomi Financial Group Inc. bought a new position in shares of Oklo during the 4th quarter valued at $19,285,000. TimesSquare Capital Management LLC acquired a new stake in shares of Oklo in the 4th quarter valued at $17,104,000. Finally, Readystate Asset Management LP bought a new stake in Oklo in the third quarter worth $6,193,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oklo

In other news, Director John M. Jansen acquired 6,000 shares of Oklo stock in a transaction on Thursday, March 27th. The shares were purchased at an average price of $24.57 per share, with a total value of $147,420.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at $147,420. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jacob Dewitte sold 41,000 shares of Oklo stock in a transaction on Monday, March 31st. The shares were sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the sale, the chief executive officer now directly owns 10,852,926 shares of the company’s stock, valued at $236,593,786.80. This trade represents 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.

Oklo Price Performance

OKLO opened at $22.73 on Thursday. The company has a market capitalization of $3.16 billion, a P/E ratio of -2.24 and a beta of -0.28. The firm’s fifty day moving average price is $35.61 and its two-hundred day moving average price is $24.96. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14.

Oklo (NYSE:OKLO) 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, equities research analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.