Raymond James Financial Inc. Increases Stock Holdings in Oklo Inc. $OKLO

Raymond James Financial Inc. grew its stake in shares of Oklo Inc. (NYSE:OKLO) by 202.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 314,794 shares of the company’s stock after purchasing an additional 210,755 shares during the quarter. Raymond James Financial Inc. owned approximately 0.23% of Oklo worth $6,809,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of OKLO. Barclays PLC raised its stake in Oklo by 5.7% during the 4th quarter. Barclays PLC now owns 7,666 shares of the company’s stock worth $163,000 after acquiring an additional 416 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Oklo by 5.4% during the first quarter. Signaturefd LLC now owns 8,962 shares of the company’s stock worth $194,000 after purchasing an additional 462 shares during the last quarter. Spire Wealth Management increased its position in shares of Oklo by 14.1% during the first quarter. Spire Wealth Management now owns 3,896 shares of the company’s stock worth $84,000 after purchasing an additional 481 shares in the last quarter. Ancora Advisors LLC lifted 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 valued at $98,000 after purchasing an additional 710 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its position in shares of Oklo by 5.4% in the 1st quarter. Sowell Financial Services LLC now owns 15,275 shares of the company’s stock valued at $330,000 after purchasing an additional 782 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Trading Down 0.4%

Shares of OKLO opened at $73.36 on Wednesday. The stock’s 50 day moving average is $67.42 and its two-hundred day moving average is $46.36. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $85.35. The firm has a market capitalization of $10.83 billion, a PE ratio of -174.67 and a beta of 0.59.

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

Insider Buying and Selling at Oklo

In other Oklo news, Director Michael Stuart Klein sold 150,000 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $62.74, for a total value of $9,411,000.00. Following the completion of the sale, the director owned 250,000 shares of the company’s stock, valued at approximately $15,685,000. This trade represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of the business’s stock in a transaction on Monday, June 30th. The stock was sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 600,000 shares of company stock valued at $35,066,500 in the last quarter. 18.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group began coverage on shares of Oklo in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $65.00 price target for the company. Daiwa Capital Markets raised shares of Oklo from a “neutral” rating to an “outperform” rating in a report on Sunday, July 27th. Citigroup increased their target price on shares of Oklo from $30.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Seaport Res Ptn upgraded Oklo from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 9th. Finally, BNP Paribas raised Oklo to a “strong sell” rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oklo has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

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.