Matauro LLC Trims Stock Holdings in Oklo Inc. (NYSE:OKLO)

Matauro LLC cut its holdings in shares of Oklo Inc. (NYSE:OKLO) by 55.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,337 shares of the company’s stock after selling 16,721 shares during the quarter. Matauro LLC’s holdings in Oklo were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its position in Oklo by 5.7% during the fourth quarter. Barclays PLC now owns 7,666 shares of the company’s stock worth $163,000 after buying an additional 416 shares during the period. Ancora Advisors LLC raised its holdings in shares of Oklo by 18.2% in the 4th quarter. Ancora Advisors LLC now owns 4,610 shares of the company’s stock worth $98,000 after purchasing an additional 710 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in shares of Oklo during the 4th quarter worth about $27,000. CoreCap Advisors LLC purchased a new stake in shares of Oklo during the 4th quarter worth about $32,000. Finally, Sandy Spring Bank purchased a new stake in shares of Oklo during the 4th quarter worth about $32,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OKLO has been the subject of a number of research reports. CLSA upgraded Oklo from an “outperform” rating to a “moderate buy” rating and boosted their target price for the stock from $50.00 to $74.00 in a report on Tuesday, May 27th. Wedbush lifted their price objective on Oklo from $55.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday. BTIG Research started coverage on Oklo in a report on Friday, April 11th. They set a “neutral” rating on the stock. Citigroup reiterated a “neutral” rating on shares of Oklo in a research report on Wednesday, May 14th. Finally, HC Wainwright started coverage on Oklo in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $55.00 target price for the company. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oklo has a consensus rating of “Moderate Buy” and an average price target of $56.00.

Oklo Price Performance

NYSE:OKLO opened at $63.69 on Friday. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $71.00. The firm has a market capitalization of $8.87 billion, a P/E ratio of -11.77 and a beta of 0.58. The business has a 50 day simple moving average of $35.82 and a 200 day simple moving average of $31.73.

Oklo (NYSE:OKLO) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Research analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 41,000 shares of Oklo stock in a transaction on Monday, March 31st. The stock was sold at an average price of $21.80, for a total transaction of $893,800.00. Following the sale, the chief executive officer now owns 10,852,926 shares of the company’s stock, valued at $236,593,786.80. The trade was a 0.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Jansen acquired 6,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at approximately $147,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Oklo 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.