ArchPoint Investors Purchases New Position in Oklo Inc. (NYSE:OKLO)

ArchPoint Investors acquired a new position in shares of Oklo Inc. (NYSE:OKLO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,854 shares of the company’s stock, valued at approximately $464,000.

Several other hedge funds also recently modified their holdings of OKLO. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Oklo in the 3rd quarter worth approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Oklo during the third quarter worth $104,000. Point72 Asset Management L.P. acquired a new stake in shares of Oklo in the third quarter valued at $1,023,000. Stifel Financial Corp bought a new position in shares of Oklo in the third quarter valued at about $104,000. Finally, State Street Corp acquired a new position in Oklo during the 3rd quarter worth about $2,889,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on OKLO shares. 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 research report on Tuesday, March 25th. Wedbush restated an “outperform” rating and issued a $45.00 price objective on shares of Oklo in a research report on Tuesday, March 25th. Craig Hallum started coverage on Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective on the stock. Finally, B. Riley boosted their target price on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.25.

Oklo Price Performance

Shares of NYSE OKLO opened at $19.83 on Monday. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14. The firm has a market capitalization of $2.76 billion, a P/E ratio of -1.96 and a beta of -0.01. The company’s 50 day simple moving average is $34.83 and its 200 day simple moving average is $25.30.

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

Insider Buying and Selling at Oklo

In other news, Director John M. Jansen acquired 6,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was acquired 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 approximately $147,420. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $25.15, for a total value of $889,429.75. Following the transaction, the chief executive officer now owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. This represents a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

Oklo 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.