Avenir Tech Ltd Takes $4.87 Million Position in Oklo Inc. $OKLO

Avenir Tech Ltd acquired a new position in shares of Oklo Inc. (NYSE:OKLO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 87,050 shares of the company’s stock, valued at approximately $4,874,000. Oklo accounts for 0.4% of Avenir Tech Ltd’s holdings, making the stock its 6th biggest holding. Avenir Tech Ltd owned 0.06% of Oklo as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Caldwell Sutter Capital Inc. bought a new stake in shares of Oklo in the second quarter worth about $25,000. Private Trust Co. NA bought a new position in shares of Oklo during the 2nd quarter valued at about $25,000. Fourth Dimension Wealth LLC grew its position 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 purchasing an additional 250 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in Oklo during the 2nd quarter worth approximately $28,000. Finally, Creative Financial Designs Inc. ADV increased its stake in Oklo by 107.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock worth $33,000 after purchasing an additional 305 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider William Carroll Murphy Goodwin sold 5,864 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $88.42, for a total transaction of $518,494.88. Following the sale, the insider owned 13,620 shares in the company, valued at approximately $1,204,280.40. This represents a 30.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard Craig Bealmear sold 7,622 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $101.44, for a total value of $773,175.68. Following the transaction, the chief financial officer directly owned 121,913 shares of the company’s stock, valued at $12,366,854.72. This trade represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 467,800 shares of company stock worth $51,531,823. Insiders own 18.90% of the company’s stock.

Oklo Trading Down 0.1%

Shares of OKLO opened at $104.60 on Tuesday. The stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of -193.70 and a beta of 0.73. Oklo Inc. has a 12 month low of $17.14 and a 12 month high of $193.84. The firm has a fifty day simple moving average of $119.91 and a 200 day simple moving average of $88.29.

Oklo (NYSE:OKLO) last issued its quarterly earnings results 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 period in the previous year, the company earned ($0.08) EPS. As a group, research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OKLO. The Goldman Sachs Group started coverage on shares of Oklo in a research note on Thursday, September 25th. They issued a “neutral” rating and a $117.00 price target on the stock. BTIG Research restated a “neutral” rating on shares of Oklo in a report on Tuesday, August 12th. Barclays set a $146.00 price objective on shares of Oklo in a research report on Monday, September 29th. Wedbush reiterated an “outperform” rating and set a $150.00 target price on shares of Oklo in a report on Wednesday, November 12th. Finally, UBS Group lifted their price target on Oklo from $65.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Oklo has an average rating of “Hold” and a consensus price target of $102.87.

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.