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

Oklo Inc. (NYSE:OKLO) Director John M. Jansen purchased 6,000 shares of Oklo stock in a transaction on Thursday, March 27th. The shares were acquired at an average cost 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 trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Oklo Price Performance

Shares of NYSE OKLO opened at $22.73 on Thursday. The firm has a market capitalization of $3.16 billion, a PE ratio of -2.24 and a beta of -0.28. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14. The business’s fifty day moving average price is $35.61 and its two-hundred day moving average price is $24.96.

Oklo (NYSE:OKLO) last released 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). Equities research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Craig Hallum assumed 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. Wedbush reiterated an “outperform” rating and set a $45.00 price objective on shares of Oklo in a report on Tuesday, March 25th. B. Riley boosted their price objective 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 target price on Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.25.

Institutional Investors Weigh In On Oklo

Hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Oklo by 1.5% in 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 buying an additional 74,315 shares in the last quarter. Vanguard Group Inc. grew its stake 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 worth $92,216,000 after purchasing an additional 2,090,154 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in shares of Oklo during the third quarter valued at $19,753,000. Van ECK Associates Corp bought a new stake in shares of Oklo during the fourth quarter valued at about $38,661,000. Finally, Atomi Financial Group Inc. acquired a new stake in Oklo in the fourth quarter worth about $19,285,000. Institutional investors own 85.03% 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.