10,487 Shares in Oklo Inc. $OKLO Acquired by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. bought a new stake in Oklo Inc. (NYSE:OKLO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,487 shares of the company’s stock, valued at approximately $587,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Oklo by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock worth $94,770,000 after buying an additional 37,718 shares during the last quarter. Geode Capital Management LLC grew its position in Oklo by 195.9% in the second quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock worth $125,906,000 after acquiring an additional 1,488,482 shares in the last quarter. Compound Planning Inc. increased its stake in Oklo by 6.2% in the first quarter. Compound Planning Inc. now owns 964,827 shares of the company’s stock valued at $20,869,000 after acquiring an additional 56,437 shares during the last quarter. Portland Investment Counsel Inc. raised its position in Oklo by 0.6% during the first quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company’s stock valued at $17,358,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Oklo by 4,974.1% during the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after purchasing an additional 570,532 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Stock Performance

Shares of Oklo stock opened at $91.65 on Friday. The company has a market capitalization of $14.32 billion, a P/E ratio of -169.72 and a beta of 0.70. The company has a fifty day moving average of $123.18 and a 200 day moving average of $84.98. Oklo Inc. has a fifty-two week low of $17.14 and a fifty-two week high of $193.84.

Oklo (NYSE:OKLO) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter last year, the company earned ($0.08) EPS. Analysts forecast that Oklo Inc. will post -8.2 EPS for the current year.

Insider Activity

In other news, Director Michael Stuart Klein sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the transaction, the director owned 150,000 shares of the company’s stock, valued at approximately $20,064,000. This represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,097,913,801.48. The trade was a 2.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 503,323 shares of company stock worth $53,914,143 over the last 90 days. Insiders own 18.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OKLO shares. BTIG Research reiterated a “neutral” rating on shares of Oklo in a research report on Tuesday, August 12th. UBS Group set a $175.00 price objective on Oklo in a research note on Thursday, October 9th. Bank of America dropped their price objective on Oklo from $117.00 to $111.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. HC Wainwright lifted their target price on shares of Oklo from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $122.00 price target on shares of Oklo in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Oklo has an average rating of “Hold” and a consensus target price of $106.29.

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.