GeoSphere Capital Management LLC Makes New $365,000 Investment in Oklo Inc. (NYSE:OKLO)

GeoSphere Capital Management LLC bought a new stake in Oklo Inc. (NYSE:OKLO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,173 shares of the company’s stock, valued at approximately $365,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. TD Waterhouse Canada Inc. purchased a new stake in Oklo in the 4th quarter valued at approximately $27,000. Sandy Spring Bank acquired a new stake in shares of Oklo in the 4th quarter valued at approximately $32,000. CoreCap Advisors LLC purchased a new stake in shares of Oklo in the fourth quarter valued at approximately $32,000. Covestor Ltd acquired a new position in Oklo during the fourth quarter worth $34,000. Finally, Anfield Capital Management LLC purchased a new position in Oklo in the fourth quarter worth $43,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oklo

In other Oklo news, Director John M. Jansen acquired 6,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was acquired at an average price of $24.57 per share, with a total value of $147,420.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $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 available at the SEC website. Also, CEO Jacob Dewitte sold 41,000 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $21.80, for a total value 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 trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.

Oklo Price Performance

Shares of OKLO opened at $28.09 on Friday. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14. The firm has a 50 day simple moving average of $24.61 and a 200-day simple moving average of $27.35. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of -2.77 and a beta of -0.02.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on OKLO. Wedbush reaffirmed an “outperform” rating and set a $45.00 price target on shares of Oklo in a research note on Tuesday, March 25th. Citigroup lowered their target price on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. BTIG Research initiated coverage on Oklo in a research note on Friday, April 11th. They set a “neutral” rating on the stock. HC Wainwright assumed coverage on Oklo in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $55.00 price objective for the company. Finally, B. Riley upped their target price on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.