Vanguard Personalized Indexing Management LLC Takes Position in Oklo Inc. $OKLO

Vanguard Personalized Indexing Management LLC bought a new position in shares of Oklo Inc. (NYSE:OKLO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,812 shares of the company’s stock, valued at approximately $213,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Caldwell Sutter Capital Inc. purchased a new stake in Oklo during the second quarter worth approximately $25,000. ORG Partners LLC lifted its stake in Oklo by 281.0% during the second quarter. ORG Partners LLC now owns 800 shares of the company’s stock worth $41,000 after purchasing an additional 590 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in Oklo during the second quarter worth approximately $57,000. SJS Investment Consulting Inc. lifted its stake in Oklo by 205.4% during the second quarter. SJS Investment Consulting Inc. now owns 1,350 shares of the company’s stock worth $76,000 after purchasing an additional 908 shares during the last quarter. Finally, KBC Group NV purchased a new stake in Oklo during the first quarter worth approximately $36,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 300,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the transaction, the chief executive officer owned 9,780,098 shares of the company’s stock, valued at $1,097,913,801.48. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Stuart Klein sold 50,000 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $133.76, for a total value of $6,688,000.00. Following the transaction, the director directly owned 150,000 shares in the company, valued at $20,064,000. This represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 491,387 shares of company stock worth $52,698,580. Insiders own 18.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OKLO. Weiss Ratings restated a “sell (d)” rating on shares of Oklo in a research note on Saturday. Zacks Research cut Oklo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Seaport Res Ptn cut Oklo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. BNP Paribas upgraded Oklo to a “strong sell” rating in a research note on Friday, July 25th. Finally, Wedbush boosted their price objective on Oklo from $80.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oklo has an average rating of “Hold” and a consensus price target of $98.14.

Oklo Price Performance

Oklo stock opened at $136.25 on Friday. Oklo Inc. has a 12 month low of $17.14 and a 12 month high of $193.84. The business has a 50 day simple moving average of $108.62 and a 200-day simple moving average of $70.43. The stock has a market capitalization of $20.11 billion, a PE ratio of -324.39 and a beta of 0.69.

Oklo (NYSE:OKLO) last released 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). As a group, equities research analysts anticipate that Oklo Inc. will post -8.2 EPS 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.