UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in Oklo Inc. (NYSE:OKLO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Oklo Inc. (NYSE:OKLO) by 358.6% during the fourth quarter, Holdings Channel reports. The firm owned 59,069 shares of the company’s stock after buying an additional 46,188 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Oklo were worth $1,254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OKLO. TD Waterhouse Canada Inc. purchased a new stake in Oklo in the fourth quarter valued at approximately $27,000. Sandy Spring Bank purchased a new stake in Oklo in the fourth quarter valued at approximately $32,000. CoreCap Advisors LLC purchased a new stake in Oklo in the fourth quarter valued at approximately $32,000. Covestor Ltd purchased a new stake in Oklo in the fourth quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of Oklo during the fourth quarter worth $43,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 35,365 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the completion of the transaction, the chief executive officer now owns 11,033,561 shares in the company, valued at $277,494,059.15. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John M. Jansen acquired 6,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was bought at an average price of $24.57 per share, with a total value of $147,420.00. Following the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at $147,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by insiders.

Oklo Trading Up 8.6%

Shares of OKLO stock opened at $54.63 on Tuesday. The firm has a fifty day moving average price of $32.53 and a 200 day moving average price of $30.75. The company has a market cap of $7.60 billion, a P/E ratio of -10.10 and a beta of 0.58. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OKLO. William Blair began coverage on Oklo in a research report on Wednesday, May 28th. They set an “outperform” rating on the stock. CLSA raised Oklo from an “outperform” rating to a “moderate buy” rating and upped their price objective for the stock from $50.00 to $74.00 in a research report on Tuesday, May 27th. HC Wainwright began coverage on Oklo in a research report on Wednesday, April 23rd. They set a “buy” rating and a $55.00 price objective on the stock. Wedbush upped their price objective on Oklo from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, May 23rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Oklo in a research report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.67.

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.