Bouvel Investment Partners LLC purchased a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,416 shares of the company's stock, valued at approximately $2,263,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. MRA Advisory Group grew its stake in shares of Oklo by 2.8% in the 2nd quarter. MRA Advisory Group now owns 9,770 shares of the company's stock worth $547,000 after buying an additional 266 shares during the last quarter. Caldwell Sutter Capital Inc. bought a new position in Oklo in the 2nd quarter valued at approximately $25,000. Signaturefd LLC lifted its position in Oklo by 5.4% in the 1st quarter. Signaturefd LLC now owns 8,962 shares of the company's stock valued at $194,000 after acquiring an additional 462 shares in the last quarter. Spire Wealth Management lifted its position in Oklo by 14.1% in the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company's stock valued at $84,000 after acquiring an additional 481 shares in the last quarter. Finally, Intrua Financial LLC lifted its position in Oklo by 4.2% in the 1st quarter. Intrua Financial LLC now owns 13,375 shares of the company's stock valued at $289,000 after acquiring an additional 535 shares in the last quarter. Hedge funds and other institutional investors own 85.03% of the company's stock.
Oklo Trading Up 3.6%
Oklo stock traded up $4.85 during trading on Monday, reaching $140.08. The company had a trading volume of 37,096,867 shares, compared to its average volume of 18,090,648. Oklo Inc. has a 52 week low of $7.90 and a 52 week high of $142.85. The firm's 50-day simple moving average is $75.63 and its 200 day simple moving average is $50.92. The firm has a market capitalization of $20.68 billion, a price-to-earnings ratio of -333.51 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) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). On average, analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.
Wall Street Analysts Forecast Growth
OKLO has been the topic of several analyst reports. Cantor Fitzgerald set a $73.00 price objective on Oklo and gave the company an "overweight" rating in a research report on Tuesday, July 15th. CLSA raised Oklo from an "outperform" rating to a "moderate buy" rating and upped their price objective for the company from $50.00 to $74.00 in a research report on Tuesday, May 27th. UBS Group initiated coverage on Oklo in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $65.00 price objective on the stock. Citigroup increased their price target on Oklo from $30.00 to $68.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, BNP Paribas raised Oklo to a "strong sell" rating in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Oklo currently has an average rating of "Moderate Buy" and a consensus price target of $72.82.
Check Out Our Latest Stock Report on Oklo
Insider Buying and Selling
In other Oklo news, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm's stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 300,000 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $55.20, for a total value of $16,560,000.00. Following the sale, the chief executive officer directly owned 10,105,098 shares in the company, valued at approximately $557,801,409.60. This represents a 2.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 441,387 shares of company stock valued at $28,892,580. 18.90% of the stock is owned by company insiders.
About Oklo
(
Free Report)
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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