Evergreen Capital Management LLC Acquires Shares of 24,185 Oklo Inc. $OKLO

Key Points

• Evergreen Capital Management LLC has acquired 24,185 shares in Oklo Inc., valued at approximately $523,000, during the first quarter this year, indicating growing interest from institutional investors in the company.
• Oklo recently faced a 5.3% decline in its stock price, currently trading around $73.75, with a market cap of $10.89 billion and a high volatility, as shown by a PE ratio of -175.60.
• Analyst ratings for Oklo vary significantly, with a consensus rating of "Moderate Buy" and price targets ranging from $14.00 to $92.00 set by different investment firms.

Evergreen Capital Management LLC acquired a new stake in Oklo Inc. (NYSE:OKLO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,185 shares of the company's stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OKLO. OMERS ADMINISTRATION Corp acquired a new position in Oklo in the 1st quarter valued at about $2,539,000. CreativeOne Wealth LLC purchased a new stake in shares of Oklo during the 1st quarter valued at approximately $304,000. FORA Capital LLC acquired a new position in Oklo in the first quarter valued at approximately $3,076,000. Jump Financial LLC purchased a new position in Oklo in the first quarter worth approximately $6,929,000. Finally, Westwood Wealth Management increased its stake in Oklo by 460.9% during the first quarter. Westwood Wealth Management now owns 110,500 shares of the company's stock worth $2,390,000 after acquiring an additional 90,800 shares during the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on OKLO shares. UBS Group began coverage on Oklo in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $65.00 target price on the stock. BNP Paribas Exane started coverage on Oklo in a research report on Friday, July 25th. They set an "underperform" rating and a $14.00 price objective for the company. Seaport Res Ptn upgraded shares of Oklo from a "hold" rating to a "strong-buy" rating in a report on Monday, June 9th. Cantor Fitzgerald set a $73.00 target price on shares of Oklo and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Citigroup lifted their price target on shares of Oklo from $30.00 to $68.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Oklo currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.45.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the sale, the chief executive officer owned 10,105,098 shares in the company, valued at $557,801,409.60. This represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $54.85, for a total value of $2,742,500.00. Following the completion of the transaction, the director owned 200,000 shares of the company's stock, valued at $10,970,000. The trade was a 20.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 600,000 shares of company stock worth $35,066,500. Insiders own 18.90% of the company's stock.

Oklo Price Performance

Shares of NYSE OKLO traded down $0.28 during midday trading on Tuesday, hitting $73.36. The company's stock had a trading volume of 11,600,464 shares, compared to its average volume of 17,895,574. The business's fifty day simple moving average is $67.16 and its two-hundred day simple moving average is $46.17. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $85.35. The firm has a market capitalization of $10.83 billion, a price-to-earnings ratio of -174.67 and a beta of 0.59.

Oklo (NYSE:OKLO - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Analysts anticipate that Oklo Inc. will post -8.2 EPS 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.