Oklo Inc. (NYSE:OKLO) Stock Holdings Lessened by HITE Hedge Asset Management LLC

by · The Cerbat Gem

HITE Hedge Asset Management LLC lessened its holdings in shares of Oklo Inc. (NYSE:OKLO – Free Report) by 92.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 194,469 shares of the company’s stock after selling 2,247,161 shares during the period. HITE Hedge Asset Management LLC’s holdings in Oklo were worth $4,129,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OKLO. Barclays PLC lifted its holdings in shares of Oklo by 5.7% in the 4th quarter. Barclays PLC now owns 7,666 shares of the company’s stock worth $163,000 after purchasing an additional 416 shares during the last quarter. Sandy Spring Bank bought a new stake in Oklo in the fourth quarter valued at $32,000. Covestor Ltd acquired a new position in shares of Oklo during the fourth quarter valued at $34,000. Anfield Capital Management LLC acquired a new position in shares of Oklo during the fourth quarter valued at $43,000. Finally, AlphaQuest LLC bought a new position in shares of Oklo during the fourth quarter worth about $45,000. Institutional investors own 85.03% of the company’s stock.

Oklo Stock Up 2.0 %

Shares of OKLO stock opened at $21.99 on Friday. The stock has a 50-day simple moving average of $30.04 and a 200 day simple moving average of $26.01. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14. The stock has a market capitalization of $3.06 billion, a P/E ratio of -2.17 and a beta of -0.01.

Oklo (NYSE:OKLO – Get Free Report) last released its 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, sell-side analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OKLO. Craig Hallum began coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price for the company. B. Riley raised their target price on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. BTIG Research began coverage on Oklo in a research report on Friday, April 11th. They set a “neutral” rating for the company. Wedbush reissued an “outperform” rating and set a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. Finally, Citigroup reduced their price objective on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.25.

Get Our Latest Analysis on Oklo

Insider Transactions at Oklo

In other news, Director John M. Jansen acquired 6,000 shares of Oklo stock in a transaction on Thursday, March 27th. The stock was bought at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now owns 6,000 shares of the company’s stock, valued at $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 hyperlink. Also, CEO Jacob Dewitte sold 41,000 shares of Oklo 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 transaction, the chief executive officer now directly owns 10,852,926 shares in the company, valued at approximately $236,593,786.80. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company’s stock.

Oklo Profile

(Free Report)

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.

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