John M. Jansen Buys 6,000 Shares of Oklo Inc. (NYSE:OKLO) Stock

Oklo Inc. (NYSE:OKLO) Director John M. Jansen bought 6,000 shares of Oklo stock in a transaction on Thursday, March 27th. The shares were acquired at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company’s stock, valued at $147,420. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Oklo Stock Up 4.2 %

NYSE OKLO opened at $22.55 on Wednesday. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14. The business has a 50-day moving average price of $35.83 and a 200-day moving average price of $24.97. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of -2.23 and a beta of -0.28.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Research analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OKLO. B. Riley raised their target price on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Craig Hallum assumed coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective on the stock. Citigroup reduced their target price 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. Finally, Wedbush reaffirmed an “outperform” rating and set a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.25.

Institutional Trading of Oklo

A number of institutional investors and hedge funds have recently bought and sold shares of OKLO. TD Waterhouse Canada Inc. bought a new position in shares of Oklo during the 4th quarter valued at about $27,000. Sandy Spring Bank bought a new position in Oklo during the fourth quarter valued at approximately $32,000. CoreCap Advisors LLC purchased a new position in Oklo during the 4th quarter valued at approximately $32,000. Covestor Ltd purchased a new position in Oklo during the 4th quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC bought a new stake in Oklo in the 4th quarter worth approximately $43,000. 85.03% of the stock is currently owned by institutional investors.

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.