UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in Oklo Inc. (NYSE:OKLO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Oklo Inc. (NYSE:OKLO) by 358.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,069 shares of the company’s stock after purchasing an additional 46,188 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Oklo were worth $1,254,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its holdings in Oklo by 5.7% in the 4th quarter. Barclays PLC now owns 7,666 shares of the company’s stock worth $163,000 after buying an additional 416 shares during the last quarter. Ancora Advisors LLC boosted its holdings in Oklo by 18.2% in the 4th quarter. Ancora Advisors LLC now owns 4,610 shares of the company’s stock worth $98,000 after buying an additional 710 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new stake in Oklo in the 4th quarter worth about $27,000. CoreCap Advisors LLC acquired a new stake in Oklo in the 4th quarter worth about $32,000. Finally, Sandy Spring Bank acquired a new stake in Oklo in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OKLO shares. William Blair started coverage on Oklo in a report on Wednesday, May 28th. They issued an “outperform” rating on the stock. CLSA upgraded Oklo from an “outperform” rating to a “moderate buy” rating and lifted their price objective for the stock from $50.00 to $74.00 in a report on Tuesday, May 27th. Citigroup reiterated a “neutral” rating on shares of Oklo in a report on Wednesday, May 14th. Wedbush lifted their price objective on Oklo from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. Finally, HC Wainwright initiated coverage on Oklo in a report on Wednesday, April 23rd. They set a “buy” rating and a $55.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.67.

Oklo Price Performance

Shares of Oklo stock opened at $54.63 on Tuesday. The stock has a market cap of $7.60 billion, a P/E ratio of -10.10 and a beta of 0.58. The stock’s 50 day simple moving average is $32.53 and its 200-day simple moving average is $30.75. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14.

Oklo (NYSE:OKLO) last issued its earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04. As a group, research analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75. Following the sale, the chief executive officer now owns 11,033,561 shares of the company’s stock, valued at approximately $277,494,059.15. The trade was a 0.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John M. Jansen purchased 6,000 shares of Oklo stock in a transaction dated Thursday, March 27th. The shares were purchased at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the transaction, the director now owns 6,000 shares in the company, valued at approximately $147,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 21.80% 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.