Oklo Inc. (NYSE:OKLO) Shares Sold by Moore Capital Management LP

Moore Capital Management LP trimmed its stake in shares of Oklo Inc. (NYSE:OKLO) by 75.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the company’s stock after selling 75,000 shares during the quarter. Moore Capital Management LP’s holdings in Oklo were worth $531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OKLO. TD Waterhouse Canada Inc. acquired a new position in Oklo during the 4th quarter worth $27,000. Sandy Spring Bank acquired a new position in Oklo during the 4th quarter worth $32,000. CoreCap Advisors LLC acquired a new position in Oklo during the 4th quarter worth $32,000. Covestor Ltd acquired a new position in Oklo during the 4th quarter worth $34,000. Finally, Anfield Capital Management LLC acquired a new position in Oklo during the 4th quarter worth $43,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 41,000 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $21.80, for a total transaction of $893,800.00. Following the completion of the sale, the chief executive officer now directly owns 10,852,926 shares of the company’s stock, valued at approximately $236,593,786.80. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John M. Jansen acquired 6,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $147,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Oklo Stock Up 11.1%

Shares of NYSE OKLO opened at $32.04 on Wednesday. The stock has a market cap of $4.46 billion, a PE ratio of -3.16 and a beta of -0.02. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $59.14. The business has a 50-day moving average price of $24.70 and a 200 day moving average price of $27.58.

Oklo (NYSE:OKLO) last announced its earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Sell-side analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.

Analyst Ratings Changes

OKLO has been the subject of several analyst reports. Craig Hallum initiated coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Citigroup lowered their price objective on Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. HC Wainwright initiated coverage on Oklo in a research report on Wednesday, April 23rd. They set a “buy” rating and a $55.00 price objective for the company. BTIG Research initiated coverage on Oklo in a research report on Friday, April 11th. They set a “neutral” rating for the company. Finally, B. Riley upped their price objective on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Oklo currently has a consensus rating of “Moderate Buy” and an average price target of $46.40.

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.