Geode Capital Management LLC Trims Stake in Oklo Inc. (NYSE:OKLO)

Geode Capital Management LLC lessened its position in Oklo Inc. (NYSE:OKLO) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 728,646 shares of the company’s stock after selling 9,058 shares during the quarter. Geode Capital Management LLC owned approximately 0.60% of Oklo worth $15,477,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Tradewinds LLC. purchased a new position in Oklo during the fourth quarter valued at $362,000. Alliancebernstein L.P. bought a new stake in Oklo during the fourth quarter worth about $1,693,000. CIBC Private Wealth Group LLC grew its holdings in Oklo by 18,653.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 93,016 shares of the company’s stock worth $1,975,000 after purchasing an additional 92,520 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Oklo by 446.9% during the fourth quarter. JPMorgan Chase & Co. now owns 165,909 shares of the company’s stock valued at $3,522,000 after purchasing an additional 135,570 shares in the last quarter. Finally, Prestige Wealth Management Group LLC bought a new stake in shares of Oklo in the 4th quarter worth approximately $360,000. 85.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 41,000 shares of Oklo stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John M. Jansen bought 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $24.57 per share, with a total value of $147,420.00. Following the transaction, 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 owned by company insiders.

Oklo Trading Up 2.0 %

OKLO opened at $21.99 on Monday. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14. The business’s fifty day simple moving average is $29.48 and its 200-day simple moving average is $26.33. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of -2.17 and a beta of -0.01.

Oklo (NYSE:OKLO) last posted its quarterly 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, equities research analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on OKLO shares. B. Riley increased 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. Wedbush reiterated an “outperform” rating and set a $45.00 price objective on shares of Oklo in a research note on Tuesday, March 25th. BTIG Research assumed coverage on Oklo in a report on Friday, April 11th. They issued a “neutral” rating on the stock. Citigroup decreased their price target on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Finally, Craig Hallum initiated coverage on shares of Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price on the stock. Three 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.com, the company 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.