CacheTech Inc. Acquires New Position in Oklo Inc. $OKLO

CacheTech Inc. purchased a new position in shares of Oklo Inc. (NYSE:OKLO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,797 shares of the company’s stock, valued at approximately $437,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV raised its position in Oklo by 11.8% during the second quarter. KBC Group NV now owns 1,849 shares of the company’s stock worth $104,000 after acquiring an additional 195 shares during the last quarter. Fourth Dimension Wealth LLC raised its position in shares of Oklo by 125.0% in the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after buying an additional 250 shares during the last quarter. MRA Advisory Group raised its position in shares of Oklo by 2.8% in the second quarter. MRA Advisory Group now owns 9,770 shares of the company’s stock valued at $547,000 after buying an additional 266 shares during the last quarter. Rothschild Investment LLC lifted its stake in shares of Oklo by 82.9% during the second quarter. Rothschild Investment LLC now owns 640 shares of the company’s stock valued at $36,000 after buying an additional 290 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its position in Oklo by 107.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock worth $33,000 after acquiring an additional 305 shares during the last quarter. 85.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on OKLO shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $122.00 price objective on shares of Oklo in a research note on Wednesday, November 12th. Canaccord Genuity Group initiated coverage on Oklo in a research note on Thursday, October 9th. They set a “buy” rating and a $175.00 price objective on the stock. Bank of America lowered their target price on Oklo from $117.00 to $111.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Citigroup restated a “neutral” rating on shares of Oklo in a report on Monday, November 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $150.00 target price on shares of Oklo in a research report on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Oklo presently has an average rating of “Hold” and a consensus price target of $102.87.

Oklo Trading Down 14.9%

Shares of Oklo stock opened at $87.63 on Monday. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of -162.28 and a beta of 0.73. Oklo Inc. has a twelve month low of $17.14 and a twelve month high of $193.84. The business’s 50 day simple moving average is $118.14 and its 200-day simple moving average is $89.61.

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 period last year, the company posted ($0.08) EPS. Sell-side analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the firm’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 sale, the chief executive officer owned 9,780,098 shares in the company, valued at approximately $1,097,913,801.48. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Craig Bealmear sold 92,378 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $93.73, for a total value of $8,658,589.94. Following the transaction, the chief financial officer owned 75,738 shares of the company’s stock, valued at approximately $7,098,922.74. This represents a 54.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 467,800 shares of company stock worth $51,531,823 in the last quarter. Company insiders own 18.90% of the company’s stock.

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.