FORA Capital LLC Sells 50,057 Shares of Oklo Inc. $OKLO

FORA Capital LLC lessened its holdings in Oklo Inc. (NYSE:OKLO) by 35.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,164 shares of the company’s stock after selling 50,057 shares during the quarter. FORA Capital LLC owned 0.06% of Oklo worth $5,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp boosted its position in shares of Oklo by 454.5% during the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after acquiring an additional 1,752,946 shares in the last quarter. Geode Capital Management LLC lifted its stake in Oklo by 195.9% during the second quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock worth $125,906,000 after purchasing an additional 1,488,482 shares during the period. Hood River Capital Management LLC acquired a new stake in Oklo during the second quarter valued at approximately $40,919,000. Millennium Management LLC grew its stake in shares of Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after purchasing an additional 570,532 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Oklo by 720.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 409,808 shares of the company’s stock worth $22,945,000 after buying an additional 359,866 shares in the last quarter. 85.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

OKLO has been the topic of several recent analyst reports. Seaport Res Ptn raised Oklo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Needham & Company LLC began coverage on Oklo in a report on Friday, December 5th. They set a “buy” rating and a $135.00 price objective for the company. William Blair reaffirmed an “outperform” rating on shares of Oklo in a report on Wednesday, November 12th. Citigroup reiterated a “neutral” rating on shares of Oklo in a research report on Monday, November 24th. Finally, Barclays set a $146.00 price target on shares of Oklo in a report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $102.87.

Insider Activity at Oklo

In related news, CEO Jacob Dewitte sold 300,000 shares of the business’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 value of $33,678,000.00. Following the completion of the transaction, the chief executive officer owned 9,780,098 shares in the company, valued at $1,097,913,801.48. The trade was a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Richard Craig Bealmear sold 7,622 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer owned 121,913 shares in the company, valued at $12,366,854.72. The trade was a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 467,800 shares of company stock worth $51,531,823. 18.90% of the stock is currently owned by company insiders.

Oklo Stock Performance

Shares of NYSE:OKLO opened at $87.63 on Friday. The business has a fifty day moving average of $118.14 and a 200-day moving average of $89.37. Oklo Inc. has a twelve month low of $17.14 and a twelve month high of $193.84. The firm has a market cap of $13.69 billion, a PE ratio of -162.28 and a beta of 0.73.

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