6,675 Shares in Oklo Inc. $OKLO Purchased by Sovereign Financial Group Inc.

Key Points

• Sovereign Financial Group Inc. has acquired 6,675 shares in Oklo Inc., valued at approximately $374,000, during the second quarter.
• Analysts have given Oklo varying ratings; with over half rating it as a Buy or Outperform, while the stock's average target price has been increased significantly in recent months.
• Insider trading activity reveals significant sales, including one insider selling over 41,000 shares worth nearly $2.9 million, indicating potential shifts in personal investment strategies.

Sovereign Financial Group Inc. acquired a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,675 shares of the company's stock, valued at approximately $374,000.

Other large investors have also recently bought and sold shares of the company. Caldwell Sutter Capital Inc. acquired a new stake in Oklo during the second quarter worth about $25,000. ORG Partners LLC grew its stake in Oklo by 281.0% during the second quarter. ORG Partners LLC now owns 800 shares of the company's stock worth $41,000 after buying an additional 590 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Oklo during the second quarter worth about $57,000. SJS Investment Consulting Inc. grew its stake in Oklo by 205.4% during the second quarter. SJS Investment Consulting Inc. now owns 1,350 shares of the company's stock worth $76,000 after buying an additional 908 shares in the last quarter. Finally, KBC Group NV acquired a new stake in Oklo during the first quarter worth about $36,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OKLO. Wedbush increased their price objective on shares of Oklo from $80.00 to $150.00 and gave the stock an "outperform" rating in a research note on Monday, September 22nd. William Blair reiterated an "outperform" rating on shares of Oklo in a research note on Tuesday, August 12th. HC Wainwright increased their price objective on shares of Oklo from $55.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Daiwa Capital Markets raised shares of Oklo from a "neutral" rating to an "outperform" rating in a report on Sunday, July 27th. Finally, Bank of America reissued a "neutral" rating and issued a $117.00 target price (up previously from $92.00) on shares of Oklo in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $98.14.

Insider Buying and Selling 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 shares were sold at an average price of $70.09, for a total value of $2,900,814.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Stuart Klein sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the completion of the transaction, the director owned 150,000 shares of the company's stock, valued at approximately $20,064,000. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 491,387 shares of company stock worth $52,698,580 in the last 90 days. Corporate insiders own 18.90% of the company's stock.

Oklo Trading Up 6.7%

OKLO stock opened at $147.32 on Monday. The stock has a market capitalization of $21.75 billion, a P/E ratio of -350.75 and a beta of 0.69. Oklo Inc. has a 12 month low of $9.01 and a 12 month high of $161.41. The firm has a 50-day moving average price of $93.63 and a 200-day moving average price of $61.65.

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 analysts' consensus estimates of ($0.12) by ($0.06). As a group, equities analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

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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