43,900 Shares in Oklo Inc. $OKLO Purchased by Scientech Research LLC

Scientech Research LLC bought a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 43,900 shares of the company's stock, valued at approximately $950,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CoreCap Advisors LLC bought a new stake in Oklo during the fourth quarter worth about $32,000. KBC Group NV bought a new stake in Oklo during the first quarter worth about $36,000. Deutsche Bank AG raised its holdings in Oklo by 161.7% during the first quarter. Deutsche Bank AG now owns 1,748 shares of the company's stock worth $38,000 after acquiring an additional 1,080 shares in the last quarter. Harbour Investments Inc. raised its holdings in Oklo by 120.9% during the first quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock worth $39,000 after acquiring an additional 985 shares in the last quarter. Finally, Graybill Wealth Management LTD. bought a new stake in Oklo during the first quarter worth about $43,000. Institutional investors own 85.03% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OKLO. CLSA upgraded 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 note on Tuesday, May 27th. Citigroup upped their price objective on Oklo from $30.00 to $68.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. BTIG Research restated a "neutral" rating on shares of Oklo in a research note on Tuesday, August 12th. Wedbush upped their price objective on Oklo from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Finally, BNP Paribas Exane began coverage on Oklo in a research note on Friday, July 25th. They issued an "underperform" rating and a $14.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.45.

Insider Activity at Oklo

In other news, CEO Jacob Dewitte sold 300,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $55.20, for a total value of $16,560,000.00. Following the transaction, the chief executive officer owned 10,105,098 shares of the company's stock, valued at approximately $557,801,409.60. This represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Stuart Klein sold 150,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $62.74, for a total value of $9,411,000.00. Following the completion of the transaction, the director directly owned 250,000 shares in the company, valued at $15,685,000. The trade was a 37.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 600,000 shares of company stock worth $35,066,500 in the last ninety days. 18.90% of the stock is owned by company insiders.

Oklo Trading Down 0.0%

Oklo stock opened at $69.58 on Monday. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $85.35. The stock's 50 day moving average is $68.31 and its 200-day moving average is $46.83. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of -165.67 and a beta of 0.59.

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). As a group, equities research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

About Oklo

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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