Apexium Financial LP Purchases New Position in Oklo Inc. $OKLO

Key Points

• Apexium Financial LP has acquired a new position in Oklo Inc. by purchasing 3,775 shares valued at approximately $211,000 during the second quarter.
• Insiders at Oklo have sold a significant amount of stock recently, with CEO Jacob Dewitte selling 300,000 shares for over $33 million, indicating a decrease in their positions.
• Oklo recently received mixed ratings from analysts, with a consensus rating of "Hold" and an upgraded target price of $150 from Wedbush.

Apexium Financial LP purchased a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,775 shares of the company's stock, valued at approximately $211,000.

Other institutional investors also recently modified their holdings of the company. Caldwell Sutter Capital Inc. purchased a new stake in shares of Oklo during the 2nd quarter valued at approximately $25,000. KBC Group NV purchased a new stake in Oklo in the 1st quarter worth approximately $36,000. Deutsche Bank AG lifted its stake in 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. lifted its stake in Oklo by 120.9% in the 1st quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock worth $39,000 after purchasing an additional 985 shares in the last quarter. Finally, ORG Partners LLC lifted its stake in Oklo by 281.0% in the 2nd quarter. ORG Partners LLC now owns 800 shares of the company's stock worth $41,000 after purchasing an additional 590 shares in the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on OKLO. BNP Paribas upgraded shares of Oklo to a "strong sell" rating in a research note on Friday, July 25th. Seaport Res Ptn cut shares of Oklo from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. Daiwa Capital Markets upgraded shares of Oklo from a "neutral" rating to an "outperform" rating in a research note on Sunday, July 27th. William Blair reiterated an "outperform" rating on shares of Oklo in a research note on Tuesday, August 12th. Finally, Wedbush increased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $83.77.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the firm's stock in a transaction 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 sale, the chief executive officer owned 9,780,098 shares of the company's stock, valued at $1,097,913,801.48. This trade represents a 2.98% decrease in their position. The sale was disclosed in a legal filing 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 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 in the company, 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. 18.90% of the stock is owned by company insiders.

Oklo Stock Down 1.1%

Shares of NYSE:OKLO opened at $127.41 on Friday. The stock has a market cap of $18.81 billion, a PE ratio of -303.35 and a beta of 0.69. The company's fifty day moving average is $87.18 and its 200 day moving average is $57.56. Oklo Inc. has a 52 week low of $9.01 and a 52 week high of $144.49.

Oklo (NYSE:OKLO - Get Free Report) last issued 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). Sell-side analysts anticipate that Oklo Inc. will post -8.2 EPS for the current 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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