Oklo Inc. (NYSE:OKLO) Director Buys $147,420.00 in Stock

Oklo Inc. (NYSE:OKLO) Director John M. Jansen purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at $147,420. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Oklo Stock Up 0.9 %

Shares of OKLO stock opened at $22.73 on Thursday. The stock has a market cap of $3.16 billion, a P/E ratio of -2.24 and a beta of -0.28. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14. The business has a fifty day simple moving average of $35.61 and a 200-day simple moving average of $24.96.

Oklo (NYSE:OKLO) last posted its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). On average, sell-side analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. TD Waterhouse Canada Inc. acquired a new stake in Oklo during the 4th quarter valued at $27,000. Sandy Spring Bank purchased a new stake in shares of Oklo in the fourth quarter valued at $32,000. CoreCap Advisors LLC acquired a new stake in shares of Oklo during the fourth quarter valued at $32,000. Covestor Ltd acquired a new position in Oklo in the 4th quarter valued at about $34,000. Finally, Anfield Capital Management LLC purchased a new position in Oklo in the 4th quarter valued at about $43,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. B. Riley lifted their price objective on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Citigroup dropped their price objective on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Wedbush reiterated an “outperform” rating and issued a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. Finally, Craig Hallum began coverage on shares of Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.25.

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.