Farther Finance Advisors LLC Trims Stock Position in Oklo Inc. (NYSE:OKLO)

Farther Finance Advisors LLC lessened its position in shares of Oklo Inc. (NYSE:OKLO) by 65.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,754 shares of the company’s stock after selling 12,859 shares during the period. Farther Finance Advisors LLC’s holdings in Oklo were worth $152,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of OKLO. TD Waterhouse Canada Inc. bought a new position in shares of Oklo in the fourth quarter worth approximately $27,000. Sandy Spring Bank purchased a new position in Oklo in the 4th quarter worth approximately $32,000. CoreCap Advisors LLC purchased a new stake in shares of Oklo during the 4th quarter valued at $32,000. Covestor Ltd bought a new stake in shares of Oklo during the 4th quarter worth $34,000. Finally, Anfield Capital Management LLC purchased a new position in Oklo in the fourth quarter worth $43,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Oklo news, CEO Jacob Dewitte sold 35,365 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $25.15, for a total value of $889,429.75. Following the completion of the transaction, the chief executive officer now directly owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. This represents a 0.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John M. Jansen acquired 6,000 shares of the business’s stock in a transaction on 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 transaction, the director now 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 18.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. CLSA upgraded Oklo from an “outperform” rating to a “moderate buy” rating and raised their price target for the company from $50.00 to $74.00 in a research report on Tuesday, May 27th. BTIG Research began coverage on Oklo in a research report on Friday, April 11th. They set a “neutral” rating on the stock. HC Wainwright started coverage on Oklo in a report on Wednesday, April 23rd. They set a “buy” rating and a $55.00 price objective on the stock. Wedbush set a $75.00 target price on Oklo and gave the stock an “outperform” rating in a research report on Thursday, June 12th. Finally, Seaport Res Ptn raised shares of Oklo from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Oklo currently has an average rating of “Moderate Buy” and a consensus target price of $56.00.

Oklo Stock Performance

Shares of OKLO stock opened at $57.76 on Friday. The company has a market capitalization of $8.06 billion, a P/E ratio of -10.68 and a beta of 0.58. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $73.55. The stock has a 50 day moving average price of $39.76 and a two-hundred day moving average price of $33.11.

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

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.