Alpine Global Management LLC Acquires Shares of 20,127 Oklo Inc. (NYSE:OKLO)

Alpine Global Management LLC acquired a new position in shares of Oklo Inc. (NYSE:OKLO) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 20,127 shares of the company’s stock, valued at approximately $427,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp raised its position in Oklo by 808.2% in the fourth quarter. Stifel Financial Corp now owns 117,026 shares of the company’s stock valued at $2,484,000 after purchasing an additional 104,140 shares during the period. TD Waterhouse Canada Inc. acquired a new stake in Oklo in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC increased its holdings in Oklo by 1,048.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,859 shares of the company’s stock valued at $103,000 after buying an additional 4,436 shares during the last quarter. MML Investors Services LLC lifted its stake in Oklo by 382.2% during the fourth quarter. MML Investors Services LLC now owns 61,963 shares of the company’s stock worth $1,315,000 after purchasing an additional 49,113 shares during the last quarter. Finally, Natixis grew its position in shares of Oklo by 556.0% in the 4th quarter. Natixis now owns 8,528 shares of the company’s stock valued at $181,000 after buying an additional 7,228 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Activity at Oklo

In other Oklo news, Director John M. Jansen bought 6,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were bought 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. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jacob Dewitte sold 35,365 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the completion of the sale, the chief executive officer now directly owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. This represents a 0.32 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

OKLO has been the topic of a number of analyst reports. Wedbush reiterated an “outperform” rating and issued a $45.00 price objective on shares of Oklo in a research report on Tuesday, March 25th. B. Riley increased their price objective on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Citigroup reduced their price objective on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Craig Hallum initiated coverage on Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective on the stock. Finally, BTIG Research started coverage on shares of Oklo in a research note on Friday, April 11th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Oklo has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

Oklo Trading Down 6.7 %

OKLO opened at $20.50 on Tuesday. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of -2.02 and a beta of -0.01. The stock has a fifty day moving average price of $28.80 and a 200 day moving average price of $26.40. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $59.14.

Oklo (NYSE:OKLO) last issued its quarterly 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). As a group, sell-side analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

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.