Stifel Financial Corp Purchases 104,140 Shares of Oklo Inc. (NYSE:OKLO)

Stifel Financial Corp increased its position in shares of Oklo Inc. (NYSE:OKLO) by 808.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 117,026 shares of the company’s stock after buying an additional 104,140 shares during the period. Stifel Financial Corp owned 0.10% of Oklo worth $2,484,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC acquired a new position in Oklo during the 3rd quarter worth $58,000. Geode Capital Management LLC acquired a new position in shares of Oklo during the 3rd quarter worth about $5,971,000. Peapack Gladstone Financial Corp bought a new stake in Oklo during the 3rd quarter valued at approximately $100,000. Silverleafe Capital Partners LLC acquired a new stake in Oklo in the 4th quarter valued at approximately $572,000. Finally, Kozak & Associates Inc. bought a new position in Oklo in the 4th quarter worth approximately $57,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Oklo news, CEO Jacob Dewitte sold 41,000 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $21.80, for a total transaction of $893,800.00. Following the sale, the chief executive officer now owns 10,852,926 shares of the company’s stock, valued at $236,593,786.80. This represents a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was bought at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now owns 6,000 shares of the company’s stock, valued at approximately $147,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Oklo Trading Down 0.3 %

OKLO stock opened at $26.24 on Friday. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14. The business’s 50 day moving average is $25.10 and its 200-day moving average is $27.13. The firm has a market cap of $3.65 billion, a P/E ratio of -2.59 and a beta of -0.01.

Oklo (NYSE:OKLO) last released its quarterly earnings data 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). Sell-side analysts forecast that Oklo Inc. will post -8.2 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. HC Wainwright started coverage on shares of Oklo in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $55.00 price objective on the stock. Wedbush restated an “outperform” rating and set a $45.00 price objective on shares of Oklo in a report on Tuesday, March 25th. 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 research note on Tuesday, March 25th. B. Riley boosted their price target on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, BTIG Research started coverage on Oklo in a research report on Friday, April 11th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.40.

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.