Covestor Ltd Takes Position in Oklo Inc. (NYSE:OKLO)

Covestor Ltd acquired a new position in shares of Oklo Inc. (NYSE:OKLO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,605 shares of the company’s stock, valued at approximately $34,000.

Several other hedge funds have also recently added to or reduced their stakes in OKLO. Sandy Spring Bank bought a new stake in shares of Oklo in the fourth quarter valued at approximately $32,000. Anfield Capital Management LLC acquired a new stake in Oklo in the 4th quarter worth $43,000. AlphaQuest LLC bought a new position in shares of Oklo during the 4th quarter worth about $45,000. Cerity Partners LLC lifted its stake in shares of Oklo by 4.9% in the fourth quarter. Cerity Partners LLC now owns 53,805 shares of the company’s stock valued at $1,142,000 after buying an additional 2,490 shares during the period. Finally, Kozak & Associates Inc. acquired a new stake in Oklo during the fourth quarter worth about $57,000. Institutional investors own 85.03% of the company’s stock.

Oklo Stock Up 1.9 %

NYSE:OKLO opened at $22.97 on Wednesday. The firm has a market cap of $3.19 billion, a PE ratio of -2.27 and a beta of -0.01. The company’s 50-day moving average price is $31.35 and its two-hundred day moving average price is $25.94. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14.

Oklo (NYSE:OKLO) last announced its 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). On average, research analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 41,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 10,852,926 shares of the company’s stock, valued at approximately $236,593,786.80. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John M. Jansen purchased 6,000 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were bought at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at $147,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OKLO. B. Riley lifted their price objective on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Citigroup reduced their price objective on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. BTIG Research began coverage on shares of Oklo in a research note on Friday, April 11th. They issued a “neutral” rating on the stock. Craig Hallum initiated coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target for the company. Finally, Wedbush reiterated an “outperform” rating and issued a $45.00 price objective on shares of Oklo in a research note on Tuesday, March 25th. Three 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.25.

Oklo 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.