Swiss National Bank Buys Shares of 59,600 Oklo Inc. (NYSE:OKLO)

Swiss National Bank purchased a new position in Oklo Inc. (NYSE:OKLO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 59,600 shares of the company’s stock, valued at approximately $1,265,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OKLO. Anfield Capital Management LLC bought a new position in Oklo in the fourth quarter worth approximately $43,000. AlphaQuest LLC purchased a new position in shares of Oklo in the 4th quarter valued at $45,000. Kozak & Associates Inc. bought a new position in shares of Oklo in the 4th quarter worth $57,000. Spire Wealth Management purchased a new stake in shares of Oklo during the 4th quarter worth $72,000. Finally, Wolff Wiese Magana LLC purchased a new stake in shares of Oklo during the 4th quarter worth $99,000. 85.03% of the stock is currently owned by institutional investors.

Oklo Stock Down 5.9 %

OKLO stock opened at $22.42 on Friday. The stock has a market capitalization of $2.74 billion, a PE ratio of -2.21 and a beta of -0.28. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14. The firm has a 50 day moving average of $36.10 and a 200 day moving average of $24.62.

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

Wall Street Analysts Forecast Growth

OKLO has been the subject of a number of recent research reports. B. Riley boosted their target price on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Craig Hallum assumed coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Wedbush reissued an “outperform” rating and set a $45.00 target price on shares of Oklo in a research report on Tuesday, March 25th. Finally, Citigroup cut their price target on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.25.

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.