Value Aligned Research Advisors LLC Makes New $1.21 Million Investment in Oklo Inc. (NYSE:OKLO)

Value Aligned Research Advisors LLC acquired a new position in shares of Oklo Inc. (NYSE:OKLO) in the fourth quarter, Holdings Channel.com reports. The firm acquired 56,966 shares of the company’s stock, valued at approximately $1,209,000. Oklo comprises 0.3% of Value Aligned Research Advisors LLC’s investment portfolio, making the stock its 24th largest position.

Other large investors also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. acquired a new stake in shares of Oklo in the fourth quarter valued at about $27,000. CoreCap Advisors LLC acquired a new stake in Oklo during the fourth quarter worth about $32,000. Sandy Spring Bank acquired a new stake in Oklo during the fourth quarter worth about $32,000. Covestor Ltd acquired a new stake in Oklo during the fourth quarter worth about $34,000. Finally, Anfield Capital Management LLC acquired a new stake in Oklo during the fourth quarter worth about $43,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Price Performance

Shares of OKLO stock opened at $39.74 on Friday. The firm has a market cap of $5.53 billion, a PE ratio of -7.35 and a beta of -0.02. The company has a 50-day moving average of $26.37 and a two-hundred day moving average of $28.27. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14.

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

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 41,000 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the transaction, the chief executive officer now owns 10,852,926 shares of the company’s stock, valued at approximately $236,593,786.80. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 cost of $24.57 per share, with a total value of $147,420.00. Following the purchase, the director now owns 6,000 shares of the company’s stock, valued at approximately $147,420. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OKLO shares. B. Riley raised their price objective 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. Wedbush set a $45.00 price objective on shares of Oklo and gave the stock an “outperform” rating in a research report on Wednesday, May 14th. BTIG Research started coverage on shares of Oklo in a research report on Friday, April 11th. They set a “neutral” rating for the company. Citigroup restated a “neutral” rating on shares of Oklo in a research report on Wednesday, May 14th. Finally, Craig Hallum started coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Oklo presently has an average rating of “Moderate Buy” and an average 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.