Alpine Global Management LLC Invests $427,000 in Oklo Inc. (NYSE:OKLO)

Alpine Global Management LLC acquired a new position in Oklo Inc. (NYSE:OKLO) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 20,127 shares of the company’s stock, valued at approximately $427,000.

Other large investors also recently modified their holdings of the company. TD Waterhouse Canada Inc. bought a new stake in Oklo during the 4th quarter worth approximately $27,000. Sandy Spring Bank purchased a new position in shares of Oklo in the fourth quarter worth about $32,000. Covestor Ltd bought a new stake in Oklo in the fourth quarter valued at approximately $34,000. Anfield Capital Management LLC bought a new position in shares of Oklo in the fourth quarter worth approximately $43,000. Finally, AlphaQuest LLC bought a new stake in Oklo during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. B. Riley boosted their price target on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Craig Hallum started coverage on shares of Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price on the stock. BTIG Research began coverage on shares of Oklo in a report on Friday, April 11th. They set a “neutral” rating for the company. Wedbush restated an “outperform” rating and set a $45.00 target price on shares of Oklo in a research 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 research note on Tuesday, March 25th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.25.

Oklo Stock Down 6.7 %

Shares of NYSE OKLO opened at $20.50 on Tuesday. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14. The business has a fifty day simple moving average of $28.80 and a two-hundred day simple moving average of $26.40. The firm has a market cap of $2.85 billion, a PE ratio of -2.02 and a beta of -0.01.

Oklo (NYSE:OKLO) last issued its quarterly earnings data 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). On average, research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Buying and Selling

In other Oklo news, CEO Jacob Dewitte sold 41,000 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the transaction, the chief executive officer now owns 10,852,926 shares in the company, valued at $236,593,786.80. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John M. Jansen purchased 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was purchased 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. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is owned by corporate insiders.

Oklo Company 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.