30,450 Shares in Oklo Inc. $OKLO Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. bought a new stake in Oklo Inc. (NYSE:OKLO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,450 shares of the company’s stock, valued at approximately $1,705,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC increased its holdings in shares of Oklo by 103.9% during the first quarter. LPL Financial LLC now owns 265,241 shares of the company’s stock worth $5,737,000 after buying an additional 135,157 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Oklo by 120.9% during the 1st quarter. Harbour Investments Inc. now owns 1,800 shares of the company’s stock valued at $39,000 after acquiring an additional 985 shares in the last quarter. US Bancorp DE grew its position in Oklo by 257.1% during the 1st quarter. US Bancorp DE now owns 2,432 shares of the company’s stock worth $53,000 after acquiring an additional 1,751 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Oklo by 57.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,376 shares of the company’s stock worth $224,000 after purchasing an additional 3,801 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in 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 purchasing an additional 37,718 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the company’s stock in a transaction 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 owned 9,780,098 shares of the company’s stock, valued at approximately $1,097,913,801.48. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 5,864 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $88.42, for a total value of $518,494.88. Following the sale, the insider owned 13,620 shares of the company’s stock, valued at approximately $1,204,280.40. The trade was a 30.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 467,800 shares of company stock valued at $51,531,823. 18.90% of the stock is owned by corporate insiders.

Oklo Price Performance

Oklo stock opened at $104.46 on Friday. The stock’s 50 day moving average is $120.15 and its 200 day moving average is $87.47. Oklo Inc. has a one year low of $17.14 and a one year high of $193.84. The firm has a market cap of $16.32 billion, a P/E ratio of -193.44 and a beta of 0.73.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on OKLO shares. Wedbush reissued an “outperform” rating and set a $150.00 price target on shares of Oklo in a research note on Wednesday, November 12th. The Goldman Sachs Group initiated coverage on shares of Oklo in a report on Thursday, September 25th. They issued a “neutral” rating and a $117.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $122.00 target price on shares of Oklo in a research report on Wednesday, November 12th. HC Wainwright upped their price target 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. Finally, Canaccord Genuity Group initiated coverage on shares of Oklo in a research note on Thursday, October 9th. They set a “buy” rating and a $175.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Oklo has a consensus rating of “Hold” and a consensus price target of $102.87.

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.