15,659 Shares in Oklo Inc. (NYSE:OKLO) Acquired by Avantax Advisory Services Inc.

Key Points

• Avantax Advisory Services Inc. has acquired 15,659 shares of Oklo Inc. during the 1st quarter, adding to the company's institutional ownership, which now stands at 85.03%.
• CEO Jacob Dewitte sold 300,000 shares of Oklo's stock for approximately $16.56 million, reducing his ownership stake by 2.88%.
• Recent analyst reports are optimistic on Oklo, with ratings ranging from "strong buy" to "outperform," leading to an average stock rating of "Moderate Buy" and a target price of $59.33.

Avantax Advisory Services Inc. bought a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,659 shares of the company's stock, valued at approximately $339,000.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Oklo by 92.8% in the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after buying an additional 2,090,154 shares during the last quarter. JAT Capital Mgmt LP purchased a new position in shares of Oklo in the 4th quarter valued at $14,798,000. Renaissance Technologies LLC purchased a new position in shares of Oklo in the 4th quarter valued at $9,008,000. Temasek Holdings Private Ltd purchased a new position in shares of Oklo in the 4th quarter valued at $5,447,000. Finally, SIR Capital Management L.P. purchased a new position in shares of Oklo in the 4th quarter valued at $3,300,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OKLO has been the topic of a number of recent analyst reports. Seaport Res Ptn raised shares of Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. William Blair initiated coverage on shares of Oklo in a research report on Wednesday, May 28th. They issued an "outperform" rating on the stock. Daiwa America raised shares of Oklo from a "hold" rating to a "strong-buy" rating in a research report on Sunday, July 27th. BTIG Research assumed coverage on shares of Oklo in a research note on Friday, April 11th. They set a "neutral" rating for the company. Finally, BNP Paribas upgraded shares of Oklo to a "strong sell" rating in a research note on Friday, July 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Oklo presently has an average rating of "Moderate Buy" and an average target price of $59.33.

Insider Transactions at Oklo

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the completion of the transaction, the chief executive officer owned 10,105,098 shares in the company, valued at approximately $557,801,409.60. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Stuart Klein sold 150,000 shares of Oklo stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $62.74, for a total transaction of $9,411,000.00. Following the sale, the director owned 250,000 shares of the company's stock, valued at approximately $15,685,000. This trade represents a 37.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 600,000 shares of company stock valued at $35,066,500. 18.90% of the stock is currently owned by company insiders.

Oklo Stock Performance

OKLO stock opened at $79.22 on Friday. Oklo Inc. has a one year low of $5.35 and a one year high of $85.35. The stock has a market capitalization of $11.05 billion, a PE ratio of -14.64 and a beta of 0.60. The company has a fifty day moving average of $61.96 and a 200-day moving average of $42.85.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.04. Equities analysts forecast that Oklo Inc. will post -8.2 earnings per share 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.

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