41,540 Shares in Oklo Inc. $OKLO Acquired by Blair William & Co. IL

Key Points

• Blair William & Co. IL purchased 41,540 shares of Oklo Inc. for approximately $2.3 million, marking a significant investment during Q2.
• Oklo's CEO, Jacob Dewitte, sold 300,000 shares for $33.68 million, reducing his ownership interest by nearly 3%.
• Oklo Inc. has a market capitalization of $25.56 billion, with its stock price fluctuating between a 52-week low of $9.54 and a high of $183.20.

Blair William & Co. IL bought a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 41,540 shares of the company's stock, valued at approximately $2,326,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in OKLO. Rhumbline Advisers bought a new stake in shares of Oklo in the 1st quarter worth approximately $65,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Oklo in the 1st quarter worth approximately $254,000. Sowell Financial Services LLC raised its holdings in shares of Oklo by 5.4% in the 1st quarter. Sowell Financial Services LLC now owns 15,275 shares of the company's stock worth $330,000 after purchasing an additional 782 shares in the last quarter. Rakuten Securities Inc. bought a new stake in shares of Oklo in the 1st quarter worth approximately $137,000. Finally, Spirit of America Management Corp NY raised its holdings in shares of Oklo by 1,650.0% in the 1st quarter. Spirit of America Management Corp NY now owns 17,500 shares of the company's stock worth $379,000 after purchasing an additional 16,500 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors.

Oklo Stock Performance

Shares of OKLO opened at $173.14 on Wednesday. The company's 50 day moving average price is $97.31 and its 200 day moving average price is $63.46. Oklo Inc. has a 52 week low of $9.54 and a 52 week high of $183.20. The company has a market capitalization of $25.56 billion, a PE ratio of -412.22 and a beta of 0.69.

Oklo (NYSE:OKLO - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). On average, equities analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on OKLO. Cantor Fitzgerald set a $73.00 target price on shares of Oklo and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Canaccord Genuity Group began coverage on shares of Oklo in a research report on Thursday, October 9th. They issued a "buy" rating and a $175.00 target price 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. Craig Hallum downgraded shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 target price on the stock. in a research report on Monday, June 23rd. Finally, Bank of America reissued a "neutral" rating and issued a $117.00 target price (up from $92.00) on shares of Oklo in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Oklo has an average rating of "Hold" and a consensus target price of $98.14.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total value of $33,678,000.00. Following the completion of the sale, the chief executive officer directly owned 9,780,098 shares of the company's stock, valued at $1,097,913,801.48. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael Stuart Klein sold 50,000 shares of the business'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 transaction of $6,688,000.00. Following the completion of the sale, the director directly owned 150,000 shares of the company's stock, valued at $20,064,000. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 491,387 shares of company stock valued at $52,698,580. 18.90% of the stock is currently owned by insiders.

Oklo Company 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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