Oklo Inc. $OKLO Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its position in Oklo Inc. (NYSE:OKLO) by 10.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 243,644 shares of the company’s stock after selling 29,010 shares during the quarter. Corient Private Wealth LLC owned approximately 0.17% of Oklo worth $13,642,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Caldwell Sutter Capital Inc. acquired a new stake in shares of Oklo during the second quarter worth $25,000. Private Trust Co. NA bought a new stake in shares of Oklo during the 2nd quarter valued at about $25,000. Fourth Dimension Wealth LLC grew its position in shares of Oklo by 125.0% during the 2nd 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. Elevation Point Wealth Partners LLC acquired a new stake in Oklo during the second quarter worth about $28,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in Oklo by 107.0% in 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 currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OKLO shares. Citigroup reaffirmed a “neutral” rating on shares of Oklo in a report on Monday, November 24th. The Goldman Sachs Group initiated coverage on Oklo in a research note on Thursday, September 25th. They set a “neutral” rating and a $117.00 price objective for the company. Canaccord Genuity Group began coverage on shares of Oklo in a report on Thursday, October 9th. They set a “buy” rating and a $175.00 price target for the company. Bank of America lowered their price target on shares of Oklo from $117.00 to $111.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Finally, Zacks Research upgraded shares of Oklo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Oklo currently has a consensus rating of “Hold” and a consensus target price of $102.87.

Insider Activity at Oklo

In other Oklo news, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total value of $6,688,000.00. Following the transaction, the director 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 filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction on Tuesday, September 30th. The stock was 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 367,800 shares of company stock worth $42,100,057 over the last quarter. 18.90% of the stock is currently owned by company insiders.

Oklo Stock Up 2.3%

Shares of NYSE OKLO opened at $77.72 on Friday. The stock has a market cap of $12.14 billion, a P/E ratio of -143.93 and a beta of 0.73. The firm’s 50-day simple moving average is $113.63 and its 200 day simple moving average is $89.85. Oklo Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $193.84.

Oklo (NYSE:OKLO) last released its 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 in the previous year, the business earned ($0.08) EPS. On average, sell-side analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

About Oklo

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.