Exchange Traded Concepts LLC Grows Stock Holdings in Oklo Inc. $OKLO

Exchange Traded Concepts LLC boosted its stake in Oklo Inc. (NYSE:OKLOFree Report) by 23.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 259,726 shares of the company’s stock after acquiring an additional 48,953 shares during the period. Exchange Traded Concepts LLC owned 0.17% of Oklo worth $18,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OKLO. GAMMA Investing LLC grew its stake in shares of Oklo by 356.3% in the 4th quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock valued at $26,000 after purchasing an additional 285 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of Oklo during the third quarter worth approximately $27,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Oklo during the second quarter worth approximately $28,000. Gables Capital Management Inc. acquired a new stake in shares of Oklo during the third quarter worth $28,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of Oklo during the third quarter worth $28,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

More Oklo News

Here are the key news stories impacting Oklo this week:

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a research note on Thursday, January 22nd. Barclays reduced their target price on shares of Oklo from $146.00 to $82.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Canaccord Genuity Group dropped their price target on shares of Oklo from $175.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Wedbush restated an “outperform” rating on shares of Oklo in a research report on Friday, January 9th. Finally, Bank of America raised Oklo from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $111.00 to $127.00 in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.30.

View Our Latest Stock Report on OKLO

Insider Activity

In other Oklo news, CFO Richard Craig Bealmear sold 72,090 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $60.00, for a total transaction of $4,325,400.00. Following the transaction, the chief financial officer directly owned 386,008 shares in the company, valued at approximately $23,160,480. This represents a 15.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 231,657 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $99.25, for a total transaction of $22,991,957.25. Following the completion of the transaction, the chief executive officer directly owned 827,019 shares of the company’s stock, valued at approximately $82,081,635.75. This trade represents a 21.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,222,424 shares of company stock worth $100,739,512 over the last 90 days. 18.90% of the stock is currently owned by company insiders.

Oklo Stock Performance

Shares of NYSE OKLO opened at $50.22 on Friday. Oklo Inc. has a one year low of $17.42 and a one year high of $193.84. The firm has a market capitalization of $8.72 billion, a P/E ratio of -69.75 and a beta of 0.80. The company’s fifty day moving average is $68.12 and its two-hundred day moving average is $94.12.

Oklo (NYSE:OKLOGet Free Report) last announced its quarterly earnings results on Tuesday, March 17th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.10). During the same quarter last year, the firm posted ($0.74) EPS. On average, sell-side analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

About Oklo

(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.

Featured Stories

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Institutional Ownership by Quarter for Oklo (NYSE:OKLO)

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