Oklo Inc. (NYSE:OKLO) Shares Bought by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lifted its stake in shares of Oklo Inc. (NYSE:OKLO) by 18,653.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,016 shares of the company’s stock after purchasing an additional 92,520 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.08% of Oklo worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Oklo by 446.9% during the 4th quarter. JPMorgan Chase & Co. now owns 165,909 shares of the company’s stock worth $3,522,000 after buying an additional 135,570 shares during the last quarter. Prestige Wealth Management Group LLC bought a new position in shares of Oklo during the fourth quarter worth about $360,000. Vanguard Group Inc. increased its holdings in shares of Oklo by 92.8% in the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company’s stock worth $92,216,000 after acquiring an additional 2,090,154 shares during the period. LPL Financial LLC acquired a new position in Oklo during the 4th quarter valued at about $2,762,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Oklo during the 4th quarter valued at about $287,000. Institutional investors own 85.03% of the company’s stock.

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 41,000 shares of Oklo stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $21.80, for a total transaction of $893,800.00. Following the transaction, the chief executive officer now owns 10,852,926 shares of the company’s stock, valued at $236,593,786.80. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was acquired at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the acquisition, the director now directly owns 6,000 shares in the company, valued at $147,420. This trade represents 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 company insiders.

Oklo Price Performance

Shares of OKLO opened at $22.73 on Thursday. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14. The stock has a market capitalization of $3.16 billion, a P/E ratio of -2.24 and a beta of -0.28. The firm’s 50 day moving average is $35.61 and its 200-day moving average is $24.96.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OKLO shares. Citigroup cut their price target on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Wedbush reiterated an “outperform” rating and set a $45.00 price target on shares of Oklo in a research report on Tuesday, March 25th. B. Riley raised their price target on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Craig Hallum began coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Oklo has a consensus rating of “Moderate Buy” and an average price target of $44.25.

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.