17,045 Shares in Oklo Inc. (NYSE:OKLO) Acquired by Tradewinds LLC.

Tradewinds LLC. bought a new position in shares of Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,045 shares of the company’s stock, valued at approximately $362,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Alliancebernstein L.P. bought a new position in shares of Oklo in the 4th quarter worth $1,693,000. CIBC Private Wealth Group LLC grew its stake in Oklo by 18,653.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 93,016 shares of the company’s stock valued at $1,975,000 after purchasing an additional 92,520 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Oklo by 446.9% in the fourth quarter. JPMorgan Chase & Co. now owns 165,909 shares of the company’s stock worth $3,522,000 after purchasing an additional 135,570 shares in the last quarter. Prestige Wealth Management Group LLC purchased a new stake in shares of Oklo during the fourth quarter valued at about $360,000. Finally, Vanguard Group Inc. boosted 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 valued at $92,216,000 after buying an additional 2,090,154 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 41,000 shares of the 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 sale, the chief executive officer now owns 10,852,926 shares in the company, valued at $236,593,786.80. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John M. Jansen bought 6,000 shares of Oklo stock in a transaction that occurred 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 acquisition, the director now 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 currently owned by insiders.

Oklo Trading Up 4.2 %

NYSE:OKLO opened at $22.55 on Wednesday. The firm has a fifty day simple moving average of $35.83 and a 200-day simple moving average of $24.97. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14. The company has a market capitalization of $3.13 billion, a P/E 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). Equities analysts forecast that Oklo Inc. will post -8.2 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on OKLO. B. Riley boosted their price objective on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Citigroup reduced their price target on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Wedbush restated an “outperform” rating and set a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. Finally, Craig Hallum began coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oklo presently has an average rating of “Moderate Buy” and a consensus target price 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.