JAT Capital Mgmt LP Purchases New Position in Oklo Inc. (NYSE:OKLO)

JAT Capital Mgmt LP bought a new position in Oklo Inc. (NYSE:OKLO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 697,042 shares of the company’s stock, valued at approximately $14,798,000. Oklo accounts for approximately 2.3% of JAT Capital Mgmt LP’s investment portfolio, making the stock its 14th biggest holding. JAT Capital Mgmt LP owned approximately 0.57% of Oklo as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp bought a new position in Oklo in the third quarter valued at $104,000. State Street Corp purchased a new position in Oklo in the 3rd quarter worth approximately $2,889,000. Barclays PLC bought a new stake in Oklo in the third quarter valued at approximately $58,000. Geode Capital Management LLC purchased a new stake in shares of Oklo during the third quarter valued at approximately $5,971,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Oklo in the third quarter worth $100,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. B. Riley increased 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. Wedbush reissued an “outperform” rating and issued a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. HC Wainwright began coverage on Oklo in a research report on Wednesday, April 23rd. They set a “buy” rating and a $55.00 price target for the company. Citigroup cut their price objective on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Finally, Craig Hallum initiated coverage on Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $46.40.

Insider Activity at Oklo

In related news, CEO Jacob Dewitte sold 41,000 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were 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 in the company, valued at $236,593,786.80. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John M. Jansen bought 6,000 shares of the business’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 transaction, the director now owns 6,000 shares in the company, valued at $147,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by insiders.

Oklo Price Performance

Shares of Oklo stock opened at $24.43 on Wednesday. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $59.14. The company has a 50-day moving average of $25.67 and a 200 day moving average of $26.86. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of -2.41 and a beta of -0.01.

Oklo (NYSE:OKLO) last released its earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). On average, equities analysts anticipate that Oklo Inc. will post -8.2 EPS for the current year.

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.