Nisa Investment Advisors LLC Takes $103,000 Position in Oklo Inc. $OKLO

Nisa Investment Advisors LLC acquired a new stake in shares of Oklo Inc. (NYSE:OKLO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,832 shares of the company’s stock, valued at approximately $103,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA bought a new position in shares of Oklo during the second quarter valued at about $25,000. Caldwell Sutter Capital Inc. bought a new position in shares of Oklo during the second quarter valued at about $25,000. ORG Partners LLC grew its stake in shares of Oklo by 281.0% during the second quarter. ORG Partners LLC now owns 800 shares of the company’s stock valued at $41,000 after buying an additional 590 shares during the last quarter. FNY Investment Advisers LLC grew its stake in shares of Oklo by 7,190.9% during the second quarter. FNY Investment Advisers LLC now owns 802 shares of the company’s stock valued at $44,000 after buying an additional 791 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new position in shares of Oklo during the second quarter valued at about $57,000. 85.03% of the stock is owned by institutional investors.

Oklo Trading Down 11.4%

Oklo stock opened at $112.20 on Wednesday. Oklo Inc. has a 1-year low of $17.14 and a 1-year high of $193.84. The firm has a 50-day moving average of $117.36 and a 200-day moving average of $76.48. The firm has a market cap of $16.56 billion, a P/E ratio of -267.13 and a beta of 0.70.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Research analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Oklo

In related news, Director Michael Stuart Klein sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the completion of the sale, the director owned 150,000 shares of the company’s stock, valued at $20,064,000. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the sale, the chief executive officer directly owned 9,780,098 shares of the company’s stock, valued at $1,097,913,801.48. This trade represents a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 491,387 shares of company stock worth $52,698,580 over the last three months. Company insiders own 18.90% of the company’s stock.

Analyst Ratings Changes

OKLO has been the topic of a number of recent research reports. Citigroup raised their price objective on Oklo from $30.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. UBS Group set a $175.00 price objective on Oklo in a research note on Thursday, October 9th. Bank of America reaffirmed a “neutral” rating and set a $117.00 price objective (up from $92.00) on shares of Oklo in a research note on Tuesday, September 30th. Daiwa Capital Markets raised Oklo from a “neutral” rating to an “outperform” rating in a research note on Sunday, July 27th. Finally, BTIG Research reiterated a “neutral” rating on shares of Oklo in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $98.14.

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.