Banque Cantonale Vaudoise Makes New Investment in Oklo Inc. (NYSE:OKLO)

Banque Cantonale Vaudoise acquired a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,894 shares of the company's stock, valued at approximately $149,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. KLP Kapitalforvaltning AS purchased a new stake in Oklo during the fourth quarter worth $287,000. LPL Financial LLC acquired a new position in shares of Oklo in the fourth quarter worth about $2,762,000. Vanguard Group Inc. boosted its stake in shares of Oklo by 92.8% during the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock worth $92,216,000 after acquiring an additional 2,090,154 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Oklo by 446.9% during the 4th quarter. JPMorgan Chase & Co. now owns 165,909 shares of the company's stock valued at $3,522,000 after acquiring an additional 135,570 shares during the period. Finally, Alliancebernstein L.P. purchased a new position in shares of Oklo in the 4th quarter valued at about $1,693,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Insider Buying and Selling

In related news, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $54.85, for a total transaction of $2,742,500.00. Following the transaction, the director owned 200,000 shares in the company, valued at approximately $10,970,000. This trade represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction 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 directly owned 10,105,098 shares in the company, valued at $557,801,409.60. This trade represents a 2.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 600,000 shares of company stock valued at $35,066,500 over the last 90 days. Company insiders own 18.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Craig Hallum downgraded Oklo from a "buy" rating to a "hold" rating and set a $59.00 price target on the stock. in a research report on Monday, June 23rd. Daiwa America raised Oklo from a "hold" rating to a "strong-buy" rating in a research note on Sunday, July 27th. William Blair began coverage on shares of Oklo in a research note on Wednesday, May 28th. They issued an "outperform" rating on the stock. Seaport Res Ptn raised shares of Oklo from a "hold" rating to a "strong-buy" rating in a report on Monday, June 9th. Finally, Wedbush set a $75.00 price objective on shares of Oklo and gave the company an "outperform" rating in a report on Thursday, June 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Oklo currently has an average rating of "Moderate Buy" and a consensus price target of $59.33.

Oklo Stock Down 6.6%

Oklo stock opened at $71.50 on Friday. The company has a fifty day simple moving average of $59.73 and a 200-day simple moving average of $41.44. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of -13.22 and a beta of 0.60. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $80.42.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. On average, research analysts anticipate that Oklo Inc. will post -8.2 EPS 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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