Baird Financial Group Inc. Sells 32,794 Shares of Oklo Inc. $OKLO

Baird Financial Group Inc. trimmed its stake in shares of Oklo Inc. (NYSE:OKLO) by 15.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,429 shares of the company’s stock after selling 32,794 shares during the quarter. Baird Financial Group Inc. owned approximately 0.12% of Oklo worth $9,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA bought a new position in shares of Oklo in the second quarter worth approximately $25,000. Caldwell Sutter Capital Inc. purchased a new stake in Oklo during the 2nd quarter valued at $25,000. Fourth Dimension Wealth LLC grew its holdings in Oklo by 125.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Oklo in the 2nd quarter worth $28,000. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Oklo by 107.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock valued at $33,000 after acquiring an additional 305 shares during the period. Institutional investors own 85.03% of the company’s stock.

Insider Activity

In other news, Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the sale, the director owned 150,000 shares in the company, valued at $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 is available through the SEC website. Also, insider William Carroll Murphy Goodwin sold 5,864 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $88.42, for a total transaction of $518,494.88. Following the completion of the transaction, 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. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 467,800 shares of company stock worth $51,531,823. Corporate insiders own 18.90% of the company’s stock.

Oklo Price Performance

Shares of Oklo stock opened at $104.60 on Tuesday. Oklo Inc. has a 1 year low of $17.14 and a 1 year high of $193.84. The firm has a market cap of $16.34 billion, a price-to-earnings ratio of -193.70 and a beta of 0.73. The company has a 50-day moving average of $119.91 and a 200 day moving average of $88.29.

Oklo (NYSE:OKLO) last posted 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 prior year, the firm posted ($0.08) earnings per share. On average, equities analysts anticipate that Oklo Inc. will post -8.2 EPS for the current year.

Wall Street Analysts Forecast Growth

OKLO has been the subject of a number of analyst reports. Citigroup reiterated a “neutral” rating on shares of Oklo in a report on Monday, November 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Oklo in a report on Wednesday, October 8th. Wedbush reiterated an “outperform” rating and issued a $150.00 price objective on shares of Oklo in a research report on Wednesday, November 12th. The Goldman Sachs Group initiated coverage on Oklo in a report on Thursday, September 25th. They set a “neutral” rating and a $117.00 target price for the company. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Oklo in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $102.87.

Oklo Company 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.