7,946 Shares in Oklo Inc. $OKLO Acquired by Choreo LLC

Choreo LLC acquired a new stake in Oklo Inc. (NYSE:OKLO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,946 shares of the company’s stock, valued at approximately $445,000.

Several other institutional investors have also added to or reduced their stakes in OKLO. Vanguard Group Inc. boosted 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 valued at $94,770,000 after purchasing an additional 37,718 shares in the last quarter. Geode Capital Management LLC boosted its stake in Oklo by 195.9% in the second quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock valued at $125,906,000 after buying an additional 1,488,482 shares in the last quarter. Compound Planning Inc. boosted 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 buying an additional 56,437 shares in the last quarter. Portland Investment Counsel Inc. grew its position in Oklo by 0.6% in the first quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company’s stock valued at $17,358,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Millennium Management LLC raised 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 acquiring an additional 570,532 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Stock Performance

Shares of NYSE OKLO opened at $96.47 on Thursday. Oklo Inc. has a 52-week low of $17.14 and a 52-week high of $193.84. The firm has a 50 day moving average price of $120.42 and a two-hundred day moving average price of $86.50. The stock has a market cap of $15.07 billion, a P/E ratio of -178.64 and a beta of 0.73.

Oklo (NYSE:OKLO) last issued its quarterly 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 business posted ($0.08) EPS. Analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction that occurred 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 of the company’s stock, valued at $20,064,000. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of the company’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 value of $33,678,000.00. Following the completion of the sale, the chief executive officer owned 9,780,098 shares in the company, valued at $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 sold a total of 509,187 shares of company stock valued at $54,432,638 over the last 90 days. 18.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on OKLO shares. BTIG Research restated a “neutral” rating on shares of Oklo in a research note on Tuesday, August 12th. HC Wainwright raised their target price on shares of Oklo from $55.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of Oklo in a report on Wednesday, November 12th. Canaccord Genuity Group initiated coverage on Oklo in a research note on Thursday, October 9th. They issued a “buy” rating and a $175.00 price target for the company. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $122.00 price objective on shares of Oklo in a research report on Wednesday, November 12th. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $100.57.

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.