Swiss National Bank Acquires Shares of 59,600 Oklo Inc. (NYSE:OKLO)

Swiss National Bank bought a new position in Oklo Inc. (NYSE:OKLO) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 59,600 shares of the company’s stock, valued at approximately $1,265,000.

Several other hedge funds have also recently made changes to their positions in OKLO. Anfield Capital Management LLC purchased a new position in Oklo in the fourth quarter worth about $43,000. AlphaQuest LLC purchased a new position in shares of Oklo in the 4th quarter worth approximately $45,000. Kozak & Associates Inc. bought a new position in shares of Oklo during the 4th quarter valued at approximately $57,000. Barclays PLC purchased a new stake in Oklo during the 3rd quarter valued at $58,000. Finally, Spire Wealth Management bought a new stake in Oklo in the fourth quarter worth $72,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Price Performance

OKLO stock opened at $22.42 on Friday. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14. The firm’s 50-day moving average is $36.10 and its 200 day moving average is $24.62. The company has a market capitalization of $2.74 billion, a PE ratio of -2.21 and a beta of -0.28.

Oklo (NYSE:OKLO) last issued its earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Sell-side analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

OKLO has been the topic of a number of analyst reports. Craig Hallum assumed coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective on the stock. B. Riley upped their price target on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Citigroup decreased their price objective 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. Finally, Wedbush reaffirmed an “outperform” rating and set a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.