20,000 Shares in Oklo Inc. $OKLO Purchased by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP bought a new position in shares of Oklo Inc. (NYSE:OKLO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $1,120,000.

Other institutional investors also recently bought and sold shares of the company. Arrow Capital Pty Ltd purchased a new position in Oklo during the 2nd quarter worth $1,045,000. NewEdge Advisors LLC grew its position in Oklo by 6.2% during the 2nd quarter. NewEdge Advisors LLC now owns 16,636 shares of the company’s stock worth $931,000 after purchasing an additional 964 shares during the last quarter. State Street Corp lifted its position in Oklo by 454.5% during the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock worth $119,743,000 after acquiring an additional 1,752,946 shares during the period. Avenir Tech Ltd purchased a new position in Oklo during the 2nd quarter worth approximately $4,874,000. Finally, Gerber Kawasaki Wealth & Investment Management purchased a new stake in Oklo in the second quarter valued at $202,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on OKLO shares. The Goldman Sachs Group initiated coverage on Oklo in a research report on Thursday, September 25th. They set a “neutral” rating and a $117.00 target price on the stock. UBS Group lifted their price objective on Oklo from $65.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Barclays set a $146.00 price target on Oklo in a research note on Monday, September 29th. Canaccord Genuity Group assumed coverage on Oklo in a research note on Thursday, October 9th. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $122.00 price target on shares of Oklo in a research report on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Oklo has a consensus rating of “Hold” and a consensus target price of $102.87.

Insider Buying and Selling

In related news, CFO Richard Craig Bealmear sold 7,622 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $101.44, for a total transaction of $773,175.68. Following the transaction, the chief financial officer owned 121,913 shares of the company’s stock, valued at approximately $12,366,854.72. This represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $6,688,000.00. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 467,800 shares of company stock worth $51,531,823 in the last 90 days. Corporate insiders own 18.90% of the company’s stock.

Oklo Trading Down 3.2%

NYSE OKLO opened at $100.56 on Thursday. Oklo Inc. has a 12-month low of $17.14 and a 12-month high of $193.84. The business’s 50 day moving average is $119.46 and its two-hundred day moving average is $88.76. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of -186.22 and a beta of 0.73.

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

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.