Vanguard Group Inc. Increases Stock Holdings in Oklo Inc. $OKLO

Vanguard Group Inc. raised its stake in Oklo Inc. (NYSE:OKLO) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,381,397 shares of the company’s stock after purchasing an additional 37,718 shares during the period. Vanguard Group Inc. owned 3.15% of Oklo worth $94,770,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. purchased a new position in Oklo in the fourth quarter valued at approximately $27,000. CoreCap Advisors LLC purchased a new position in Oklo in the fourth quarter valued at approximately $32,000. KBC Group NV purchased a new position in Oklo in the first quarter valued at approximately $36,000. Harbour Investments Inc. increased its stake in Oklo by 120.9% in the first quarter. Harbour Investments Inc. now owns 1,800 shares of the company’s stock valued at $39,000 after purchasing an additional 985 shares during the last quarter. Finally, Graybill Wealth Management LTD. purchased a new position in Oklo in the first quarter valued at approximately $43,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Trading Up 4.9%

Oklo stock opened at $70.4790 on Friday. The stock has a market cap of $10.40 billion, a PE ratio of -167.80 and a beta of 0.60. The stock has a 50-day moving average price of $65.59 and a 200 day moving average price of $45.36. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $85.35.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). On average, equities analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on OKLO shares. Cantor Fitzgerald set a $73.00 target price on shares of Oklo and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Wedbush raised their target price on shares of Oklo from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. William Blair restated an “outperform” rating on shares of Oklo in a research report on Tuesday, August 12th. CLSA upgraded shares of Oklo from an “outperform” rating to a “moderate buy” rating and raised their target price for the stock from $50.00 to $74.00 in a research report on Tuesday, May 27th. Finally, Craig Hallum lowered shares of Oklo from a “buy” rating to a “hold” rating and set a $59.00 target price on the stock. in a research report on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.90.

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $55.20, for a total value of $16,560,000.00. Following the completion of the sale, the chief executive officer owned 10,105,098 shares in the company, valued at $557,801,409.60. The trade was a 2.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $54.85, for a total value of $2,742,500.00. Following the completion of the sale, the director owned 200,000 shares of the company’s stock, valued at $10,970,000. This trade represents a 20.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 600,000 shares of company stock valued at $35,066,500 in the last 90 days. 18.90% of the stock is owned by company insiders.

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.