40,865 Shares in Oklo Inc. $OKLO Acquired by Accordant Advisory Group Inc

Accordant Advisory Group Inc bought a new stake in shares of Oklo Inc. (NYSE:OKLO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 40,865 shares of the company’s stock, valued at approximately $2,288,000. Oklo accounts for about 1.7% of Accordant Advisory Group Inc’s investment portfolio, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Oklo by 195.9% during the second quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock worth $125,906,000 after buying an additional 1,488,482 shares during the period. Millennium Management LLC raised its holdings in shares of Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after acquiring an additional 570,532 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new position in Oklo in the 1st quarter valued at about $11,674,000. Jump Financial LLC acquired a new position in Oklo during the 1st quarter valued at about $6,929,000. Finally, Bank of New York Mellon Corp increased its holdings in Oklo by 1,718.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 301,181 shares of the company’s stock worth $16,863,000 after purchasing an additional 284,623 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Trading Up 6.3%

OKLO stock opened at $102.71 on Thursday. Oklo Inc. has a 1-year low of $17.14 and a 1-year high of $193.84. The stock has a market cap of $16.05 billion, a P/E ratio of -190.21 and a beta of 0.70. The stock’s fifty day simple moving average is $124.54 and its two-hundred day simple moving average is $82.39.

Oklo (NYSE:OKLO) last released its earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same period in the prior year, the company posted ($0.08) earnings per share. As a group, analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on OKLO. The Goldman Sachs Group initiated coverage on Oklo in a research note on Thursday, September 25th. They issued a “neutral” rating and a $117.00 price objective for the company. BTIG Research reissued a “neutral” rating on shares of Oklo in a research report on Tuesday, August 12th. Seaport Res Ptn cut Oklo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Canaccord Genuity Group assumed coverage on shares of Oklo in a research note on Thursday, October 9th. They issued a “buy” rating and a $175.00 target price for the company. Finally, Zacks Research downgraded shares of Oklo from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. One research 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $106.29.

Insider Activity at Oklo

In other Oklo news, insider William Carroll Murphy Goodwin sold 41,387 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Stuart Klein sold 50,000 shares of the firm’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 completion of the sale, the director directly owned 150,000 shares of the company’s stock, valued at $20,064,000. This represents a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In 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.

About Oklo

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.