Oklo Inc. $OKLO Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its holdings in shares of Oklo Inc. (NYSE:OKLOFree Report) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,773 shares of the company’s stock after purchasing an additional 11,968 shares during the period. Exchange Traded Concepts LLC owned approximately 0.14% of Oklo worth $23,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Deutsche Bank AG grew its position in Oklo by 161.7% during the 1st quarter. Deutsche Bank AG now owns 1,748 shares of the company’s stock worth $38,000 after purchasing an additional 1,080 shares during the period. Cresset Asset Management LLC raised its position in Oklo by 22.0% during the first quarter. Cresset Asset Management LLC now owns 27,786 shares of the company’s stock valued at $601,000 after acquiring an additional 5,003 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Oklo by 202.6% in the first quarter. Raymond James Financial Inc. now owns 314,794 shares of the company’s stock valued at $6,809,000 after acquiring an additional 210,755 shares during the period. Jump Financial LLC purchased a new stake in Oklo in the 1st quarter worth approximately $6,929,000. Finally, FORA Capital LLC acquired a new stake in shares of Oklo during the 1st quarter worth approximately $3,076,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

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Oklo Stock Up 7.3%

Shares of NYSE OKLO opened at $83.39 on Monday. The firm has a market cap of $13.03 billion, a price-to-earnings ratio of -154.43 and a beta of 0.73. The company’s 50-day simple moving average is $112.35 and its 200-day simple moving average is $90.64. Oklo Inc. has a 52-week low of $17.42 and a 52-week high of $193.84.

Oklo (NYSE:OKLOGet Free Report) last released its quarterly 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 previous year, the business posted ($0.08) EPS. Equities research analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on OKLO shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $122.00 target price on shares of Oklo in a research note on Wednesday, November 12th. Seaport Res Ptn upgraded shares of Oklo from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Citigroup reissued a “neutral” rating on shares of Oklo in a research note on Monday, November 24th. Needham & Company LLC initiated coverage on Oklo in a research report on Friday, December 5th. They set a “buy” rating and a $135.00 target price on the stock. Finally, B. Riley upped their price target on Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $102.87.

Read Our Latest Stock Report on OKLO

Insider Buying and Selling at Oklo

In other news, insider William Carroll Murphy Goodwin sold 11,936 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $101.84, for a total value of $1,215,562.24. Following the transaction, the insider owned 8,750 shares in the company, valued at $891,100. This trade represents a 57.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction that occurred 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 sale, the chief executive officer directly owned 9,780,098 shares in the company, valued at $1,097,913,801.48. This represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 392,800 shares of company stock valued at $41,284,680 over the last quarter. 18.90% of the stock is currently owned by insiders.

Oklo Profile

(Free Report)

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.

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Institutional Ownership by Quarter for Oklo (NYSE:OKLO)

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