Cetera Investment Advisers Grows Stock Holdings in Oklo Inc. $OKLO

Cetera Investment Advisers raised its position in Oklo Inc. (NYSE:OKLO) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,822 shares of the company’s stock after acquiring an additional 12,585 shares during the quarter. Cetera Investment Advisers owned approximately 0.08% of Oklo worth $6,261,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OKLO. Caldwell Sutter Capital Inc. acquired a new position in Oklo during the 2nd quarter worth $25,000. Private Trust Co. NA purchased a new position in shares of Oklo in the 2nd quarter valued at about $25,000. Fourth Dimension Wealth LLC boosted its stake in shares of Oklo by 125.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after buying an additional 250 shares during the period. Creative Financial Designs Inc. ADV grew its position in shares of Oklo by 107.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock worth $33,000 after buying an additional 305 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Oklo during the second quarter worth approximately $35,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Stock Up 0.2%

NYSE OKLO opened at $88.17 on Monday. The firm has a market cap of $13.78 billion, a P/E ratio of -163.28 and a beta of 0.70. Oklo Inc. has a 52-week low of $17.14 and a 52-week high of $193.84. The business’s 50-day moving average price is $124.82 and its 200 day moving average price is $83.64.

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same period in the previous year, the business earned ($0.08) earnings per share. As a group, analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Activity at Oklo

In other Oklo news, CFO Richard Craig Bealmear sold 92,378 shares of Oklo stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $93.73, for a total transaction of $8,658,589.94. Following the completion of the transaction, the chief financial officer owned 75,738 shares in the company, valued at approximately $7,098,922.74. The trade was a 54.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jacob Dewitte sold 300,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 9,780,098 shares in the company, valued at $1,097,913,801.48. This trade represents a 2.98% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 503,323 shares of company stock valued at $53,914,143. 18.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on OKLO shares. Zacks Research upgraded shares of Oklo from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Wedbush reiterated an “outperform” rating and set a $150.00 target price on shares of Oklo in a research note on Wednesday, November 12th. Daiwa Capital Markets raised Oklo from a “neutral” rating to an “outperform” rating in a report on Sunday, July 27th. Seaport Res Ptn downgraded Oklo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, The Goldman Sachs Group assumed coverage on Oklo in a report on Thursday, September 25th. They issued a “neutral” rating and a $117.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Oklo has a consensus rating of “Hold” and a consensus target price of $106.29.

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.