Data Collective IV GP LLC Cuts Position in Oklo Inc. (NYSE:OKLO)

Data Collective IV GP LLC lowered its position in shares of Oklo Inc. (NYSE:OKLO) by 23.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,277,513 shares of the company’s stock after selling 1,643,291 shares during the period. Oklo accounts for 49.5% of Data Collective IV GP LLC’s portfolio, making the stock its biggest holding. Data Collective IV GP LLC owned about 4.32% of Oklo worth $112,042,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in 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. Van ECK Associates Corp bought a new position in shares of Oklo in the fourth quarter valued at approximately $38,661,000. Atomi Financial Group Inc. acquired a new position in shares of Oklo during the fourth quarter valued at approximately $19,285,000. TimesSquare Capital Management LLC bought a new stake in Oklo during the fourth quarter worth approximately $17,104,000. Finally, JAT Capital Mgmt LP acquired a new stake in Oklo in the fourth quarter worth approximately $14,798,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Price Performance

Oklo stock opened at $28.90 on Wednesday. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14. The firm’s 50 day simple moving average is $24.84 and its 200-day simple moving average is $27.27. The company has a market cap of $4.02 billion, a P/E ratio of -2.85 and a beta of -0.02.

Oklo (NYSE:OKLO) last posted its quarterly earnings data 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). On average, analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Oklo news, Director John M. Jansen purchased 6,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were bought at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at $147,420. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 35,365 shares of Oklo stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total transaction of $889,429.75. Following the completion of the sale, the chief executive officer now directly owns 11,033,561 shares of the company’s stock, valued at approximately $277,494,059.15. The trade was 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 corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on OKLO. HC Wainwright started coverage on Oklo in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $55.00 price objective on the stock. BTIG Research assumed coverage on shares of Oklo in a report on Friday, April 11th. They issued a “neutral” rating for the company. Citigroup lowered their price objective on shares of 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 assumed coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price for the company. Finally, B. Riley lifted their price target on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.40.

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.