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 on Thursday, March 27th. The stock was purchased at an average cost 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 in the company, valued at approximately $147,420. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Oklo Trading Down 3.0 %

Shares of Oklo stock traded down $0.67 on Monday, hitting $21.72. The stock had a trading volume of 10,054,414 shares, compared to its average volume of 11,696,512. The company’s 50 day moving average price is $36.01 and its 200 day moving average price is $24.86. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of -2.14 and a beta of -0.28. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $59.14.

Oklo (NYSE:OKLO) last issued its quarterly earnings data 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). Analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Oklo in the third quarter valued at about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Oklo during the 3rd quarter valued at approximately $104,000. Atom Investors LP acquired a new stake in Oklo during the 3rd quarter worth approximately $657,000. HITE Hedge Asset Management LLC purchased a new position in shares of Oklo in the 3rd quarter valued at approximately $19,753,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Oklo in the 3rd quarter valued at approximately $1,023,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

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.