3,924 Shares in Oklo Inc. $OKLO Acquired by Mutual Advisors LLC

Key Points

• Mutual Advisors LLC purchased 3,924 shares of Oklo Inc. for approximately $220,000 in the second quarter, marking a significant investment in the company.
• Several institutional investors increased their positions in Oklo, with holdings now comprising 85.03% of the stock, indicating strong institutional confidence.
• Analysts have provided mixed ratings for Oklo, with a consensus rating of "Hold" and a target price of $98.14.

Mutual Advisors LLC purchased a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,924 shares of the company's stock, valued at approximately $220,000.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Oklo by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company's stock worth $94,770,000 after purchasing an additional 37,718 shares in the last quarter. Compound Planning Inc. grew its holdings in Oklo by 6.2% in the 1st quarter. Compound Planning Inc. now owns 964,827 shares of the company's stock valued at $20,869,000 after buying an additional 56,437 shares in the last quarter. Portland Investment Counsel Inc. grew its holdings in Oklo by 0.6% in the 1st quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company's stock valued at $17,358,000 after buying an additional 5,000 shares in the last quarter. Millennium Management LLC grew its holdings in Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company's stock valued at $12,589,000 after buying an additional 570,532 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Oklo in the 1st quarter valued at $11,674,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OKLO. BNP Paribas upgraded Oklo to a "strong sell" rating in a report on Friday, July 25th. Canaccord Genuity Group initiated coverage on Oklo in a report on Thursday, October 9th. They issued a "buy" rating and a $175.00 target price for the company. William Blair reaffirmed an "outperform" rating on shares of Oklo in a research note on Tuesday, August 12th. Wedbush upped their price target on Oklo from $80.00 to $150.00 and gave the company an "outperform" rating in a research note on Monday, September 22nd. Finally, UBS Group set a $175.00 price target on Oklo in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, Oklo has an average rating of "Hold" and a consensus price target of $98.14.

Oklo Price Performance

Shares of NYSE OKLO opened at $138.63 on Wednesday. The stock's 50-day moving average is $105.44 and its two-hundred day moving average is $68.22. Oklo Inc. has a 1-year low of $17.14 and a 1-year high of $193.84. The company has a market cap of $20.46 billion, a price-to-earnings ratio of -330.06 and a beta of 0.69.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). Equities research analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Transactions at Oklo

In related news, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Stuart Klein sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The stock was 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 $20,064,000. This represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 491,387 shares of company stock worth $52,698,580. 18.90% of the stock is owned by corporate insiders.

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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