Polar Asset Management Partners Inc. Purchases Shares of 36,800 Oklo Inc. (NYSE:OKLO)

Polar Asset Management Partners Inc. purchased a new stake in Oklo Inc. (NYSE:OKLO) during the fourth quarter, Holdings Channel reports. The firm purchased 36,800 shares of the company’s stock, valued at approximately $781,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Oklo by 92.8% in the fourth 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 during the last quarter. Van ECK Associates Corp acquired a new position in shares of Oklo during the fourth quarter valued at about $38,661,000. Atomi Financial Group Inc. purchased a new position in shares of Oklo in the 4th quarter valued at approximately $19,285,000. TimesSquare Capital Management LLC acquired a new stake in Oklo in the 4th quarter worth approximately $17,104,000. Finally, JAT Capital Mgmt LP purchased a new stake in Oklo during the 4th quarter worth approximately $14,798,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Price Performance

NYSE:OKLO opened at $37.67 on Friday. The company’s fifty day moving average price is $25.42 and its 200-day moving average price is $27.85. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14. The firm has a market capitalization of $5.24 billion, a P/E ratio of -6.96 and a beta of -0.02.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.04. Equities analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Activity

In other news, Director John M. Jansen purchased 6,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 6,000 shares in the company, valued at $147,420. This 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 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 transaction, the chief executive officer now directly owns 11,033,561 shares of the company’s stock, valued at $277,494,059.15. The trade was a 0.32% decrease in their position. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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