Oklo Inc. (NYSE:OKLO) Shares Bought by Barclays PLC

Barclays PLC raised its stake in Oklo Inc. (NYSE:OKLO) by 5.7% during the 4th quarter, HoldingsChannel reports. The firm owned 7,666 shares of the company’s stock after acquiring an additional 416 shares during the period. Barclays PLC’s holdings in Oklo were worth $163,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Oklo by 92.8% in the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company’s stock valued at $92,216,000 after buying an additional 2,090,154 shares during the last quarter. Van ECK Associates Corp acquired a new stake in shares of Oklo in the 4th quarter worth $38,661,000. Atomi Financial Group Inc. purchased a new stake in shares of Oklo in the fourth quarter valued at about $19,285,000. TimesSquare Capital Management LLC purchased a new stake in shares of Oklo in the fourth quarter valued at about $17,104,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Oklo during the fourth quarter worth about $9,686,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. BTIG Research assumed coverage on shares of Oklo in a research report on Friday, April 11th. They issued a “neutral” rating for the company. Craig Hallum initiated coverage on Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price target for the company. HC Wainwright assumed coverage on Oklo in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $55.00 price target on the stock. B. Riley upped their price objective on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Citigroup reduced their target price on 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 four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.40.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 35,365 shares of the stock in a transaction on Thursday, March 27th. The stock was 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 in the company, valued at approximately $277,494,059.15. This represents a 0.32% decrease in their position. The sale 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 the company’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 transaction, the director now directly owns 6,000 shares of the company’s stock, valued at $147,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by insiders.

Oklo Trading Up 11.1%

Shares of Oklo stock opened at $32.04 on Wednesday. The company has a 50-day moving average of $24.70 and a two-hundred day moving average of $27.58. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14. The stock has a market cap of $4.46 billion, a PE ratio of -3.16 and a beta of -0.02.

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

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.