Alliancebernstein L.P. Purchases Shares of 79,751 Oklo Inc. (NYSE:OKLO)

Alliancebernstein L.P. purchased a new position in Oklo Inc. (NYSE:OKLO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 79,751 shares of the company’s stock, valued at approximately $1,693,000. Alliancebernstein L.P. owned 0.07% of Oklo as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Oklo by 92.8% in the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company’s stock valued at $92,216,000 after purchasing an additional 2,090,154 shares in the last quarter. Van ECK Associates Corp purchased a new stake in shares of Oklo during the 4th quarter valued at $38,661,000. Atomi Financial Group Inc. bought a new stake in shares of Oklo during the 4th quarter worth $19,285,000. TimesSquare Capital Management LLC purchased a new position in Oklo in the fourth quarter worth $17,104,000. Finally, Geode Capital Management LLC bought a new position in Oklo in the third quarter valued at $5,971,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Insider Buying and Selling

In other Oklo news, Director John M. Jansen acquired 6,000 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were acquired at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at $147,420. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, the chief executive officer now owns 10,852,926 shares of the company’s stock, valued at $236,593,786.80. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is owned by insiders.

Oklo Stock Up 2.0 %

Shares of Oklo stock opened at $21.99 on Friday. The business has a 50 day moving average of $30.04 and a 200 day moving average of $26.01. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14. The company has a market cap of $3.06 billion, a PE ratio of -2.17 and a beta of -0.01.

Oklo (NYSE:OKLO) last issued its quarterly earnings data 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 anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on OKLO. Craig Hallum assumed coverage on Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective on the stock. Citigroup lowered 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 initiated coverage on shares of Oklo in a report on Friday, April 11th. They set a “neutral” rating on the stock. B. Riley increased their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Wedbush restated an “outperform” rating and issued a $45.00 price objective on shares of Oklo in a research report on Tuesday, March 25th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Oklo currently has an average rating of “Moderate Buy” and an average 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.