Neuberger Berman Group LLC Buys Shares of 26,057 Oklo Inc. (NYSE:OKLO)

Neuberger Berman Group LLC purchased a new stake in shares of Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 26,057 shares of the company’s stock, valued at approximately $553,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Oklo by 92.8% during 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 period. Van ECK Associates Corp bought a new stake in shares of Oklo during the 4th quarter valued at $38,661,000. Atomi Financial Group Inc. purchased a new stake in shares of Oklo in the 4th quarter worth $19,285,000. TimesSquare Capital Management LLC bought a new position in Oklo in the 4th quarter worth $17,104,000. Finally, Geode Capital Management LLC purchased a new position in Oklo during the third quarter valued at $5,971,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Trading Down 1.0 %

Shares of OKLO opened at $22.49 on Friday. The business’s 50 day moving average is $32.41 and its 200 day moving average is $25.75. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14. The company has a market capitalization of $3.13 billion, a PE ratio of -2.22 and a beta of -0.01.

Oklo (NYSE:OKLO) last released its quarterly earnings data on Monday, March 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Equities research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on OKLO. Wedbush restated an “outperform” rating and issued a $45.00 price target on shares of Oklo in a research report on Tuesday, March 25th. Craig Hallum assumed coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price for the company. Citigroup decreased their target price 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. B. Riley upped 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. Finally, BTIG Research assumed coverage on shares of Oklo in a research report on Friday. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.25.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 35,365 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 11,033,561 shares in the company, valued at $277,494,059.15. This trade represents a 0.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John M. Jansen acquired 6,000 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were purchased at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the acquisition, the director now directly owns 6,000 shares in the company, valued at approximately $147,420. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by 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.