104,039 Shares in Oklo Inc. (NYSE:OKLO) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Oklo Inc. (NYSE:OKLO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 104,039 shares of the company’s stock, valued at approximately $2,209,000. Raymond James Financial Inc. owned 0.09% of Oklo at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. HITE Hedge Asset Management LLC purchased a new stake in shares of Oklo during the third quarter worth about $19,753,000. Atomi Financial Group Inc. acquired a new stake in Oklo during the 4th quarter valued at approximately $19,285,000. Archford Capital Strategies LLC purchased a new stake in Oklo during the 4th quarter worth approximately $212,000. Barclays PLC acquired a new position in shares of Oklo in the 3rd quarter valued at approximately $58,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Oklo by 2,386.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,325 shares of the company’s stock valued at $198,000 after buying an additional 8,950 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on OKLO shares. Craig Hallum assumed coverage on Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. Wedbush reiterated an “outperform” rating and issued a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. B. Riley raised their price objective on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Citigroup lowered their target price on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

Oklo Stock Down 5.9 %

NYSE:OKLO opened at $22.42 on Monday. The stock has a fifty day simple moving average of $36.10 and a 200 day simple moving average of $24.75. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of -2.21 and a beta of -0.28. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14.

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

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.