Arrow Capital Pty Ltd Takes $1.05 Million Position in Oklo Inc. $OKLO

Arrow Capital Pty Ltd purchased a new position in Oklo Inc. (NYSE:OKLO) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,660 shares of the company’s stock, valued at approximately $1,045,000. Oklo makes up about 0.8% of Arrow Capital Pty Ltd’s investment portfolio, making the stock its 29th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in Oklo by 103.9% in the first quarter. LPL Financial LLC now owns 265,241 shares of the company’s stock worth $5,737,000 after purchasing an additional 135,157 shares in the last quarter. US Bancorp DE lifted its position in shares of Oklo by 257.1% in the first quarter. US Bancorp DE now owns 2,432 shares of the company’s stock worth $53,000 after buying an additional 1,751 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Oklo by 57.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,376 shares of the company’s stock worth $224,000 after acquiring an additional 3,801 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Oklo by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock valued at $94,770,000 after acquiring an additional 37,718 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Oklo by 161.7% in the 1st quarter. Deutsche Bank AG now owns 1,748 shares of the company’s stock valued at $38,000 after acquiring an additional 1,080 shares in the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Oklo news, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction dated 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 directly owned 150,000 shares in the company, valued at approximately $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 SEC, which is accessible through this link. 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 transaction of $33,678,000.00. Following the completion of the transaction, the chief executive officer owned 9,780,098 shares of the company’s stock, valued at $1,097,913,801.48. This trade represents a 2.98% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 467,800 shares of company stock valued at $51,531,823. 18.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Oklo in a report on Wednesday, November 12th. Needham & Company LLC assumed coverage on shares of Oklo in a report on Friday. They set a “buy” rating and a $135.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. BTIG Research reissued a “neutral” rating on shares of Oklo in a research report on Tuesday, August 12th. Finally, The Goldman Sachs Group started coverage on Oklo in a research note on Thursday, September 25th. They set a “neutral” rating and a $117.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $102.87.

Oklo Price Performance

NYSE OKLO opened at $103.92 on Wednesday. The stock’s 50 day simple moving average is $119.76 and its 200 day simple moving average is $88.67. 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 $16.24 billion, a PE ratio of -192.44 and a beta of 0.73.

Oklo (NYSE:OKLO) last released 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 quarter last year, the company earned ($0.08) EPS. As a group, equities analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

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.