Headlands Technologies LLC Makes New Investment in Oklo Inc. (NYSE:OKLO)

Headlands Technologies LLC purchased a new stake in Oklo Inc. (NYSE:OKLO) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 9,856 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sandy Spring Bank acquired a new stake in shares of Oklo during the fourth quarter worth $32,000. Anfield Capital Management LLC acquired a new stake in Oklo during the 4th quarter worth about $43,000. AlphaQuest LLC purchased a new stake in Oklo during the fourth quarter valued at about $45,000. Kozak & Associates Inc. acquired a new position in shares of Oklo in the fourth quarter worth about $57,000. Finally, Spire Wealth Management purchased a new position in shares of Oklo in the fourth quarter worth approximately $72,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Analyst Upgrades and Downgrades

OKLO has been the subject of several research analyst reports. B. Riley upped 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 reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Oklo in a research report on Tuesday, March 25th. Citigroup dropped their price target 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 research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oklo presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

Oklo Trading Down 9.4 %

NYSE OKLO opened at $19.83 on Friday. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14. The firm’s fifty day simple moving average is $34.83 and its 200-day simple moving average is $25.03. The company has a market capitalization of $2.76 billion, a PE ratio of -1.96 and a beta of -0.28.

Oklo (NYSE:OKLO) last issued its earnings results 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). As a group, analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Insider Buying and Selling

In other news, CEO Jacob Dewitte sold 35,365 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John M. Jansen acquired 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, for a total transaction of $147,420.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at $147,420. The trade was a ? increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by corporate insiders.

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.