Kingswood Wealth Advisors LLC bought a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 6,992 shares of the company's stock, valued at approximately $391,000.
Other large investors also recently modified their holdings of the company. Caldwell Sutter Capital Inc. bought a new position in shares of Oklo in the 2nd quarter worth $25,000. KBC Group NV bought a new position in shares of Oklo in the 1st quarter worth $36,000. Deutsche Bank AG lifted its holdings in shares of Oklo by 161.7% in the 1st quarter. Deutsche Bank AG now owns 1,748 shares of the company's stock worth $38,000 after purchasing an additional 1,080 shares in the last quarter. Harbour Investments Inc. raised its position in Oklo by 120.9% in the 1st quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock valued at $39,000 after buying an additional 985 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in Oklo by 281.0% during the 2nd quarter. ORG Partners LLC now owns 800 shares of the company's stock worth $41,000 after acquiring an additional 590 shares during the last quarter. 85.03% of the stock is currently owned by institutional investors.
Insider Activity at Oklo
In related news, insider William Carroll Murphy Goodwin sold 41,387 shares of the business's stock in a transaction dated 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Stuart Klein sold 50,000 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 150,000 shares in the company, valued at $20,064,000. This trade represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 491,387 shares of company stock valued at $52,698,580 over the last quarter. Corporate insiders own 18.90% of the company's stock.
Analysts Set New Price Targets
A number of research firms have issued reports on OKLO. Bank of America reaffirmed a "neutral" rating and set a $117.00 price objective (up from $92.00) on shares of Oklo in a report on Tuesday, September 30th. Daiwa America raised shares of Oklo from a "hold" rating to a "strong-buy" rating in a report on Sunday, July 27th. Citigroup lifted their price objective on shares of Oklo from $30.00 to $68.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. William Blair reaffirmed an "outperform" rating on shares of Oklo in a report on Tuesday, August 12th. Finally, Seaport Res Ptn downgraded shares of Oklo from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 23rd. One equities research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $98.14.
Check Out Our Latest Research Report on OKLO
Oklo Stock Performance
Shares of NYSE:OKLO opened at $147.32 on Friday. The company's 50-day moving average is $93.63 and its 200 day moving average is $61.15. The company 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 fifty-two week low of $9.01 and a fifty-two week high of $161.41.
Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). As a group, research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.
Oklo Profile
(
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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