Caitong International Asset Management Co. Ltd Has $1.41 Million Holdings in Oklo Inc. (NYSE:OKLO)

Caitong International Asset Management Co. Ltd lifted its stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 36,708.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,151 shares of the company's stock after buying an additional 64,974 shares during the period. Oklo comprises about 1.0% of Caitong International Asset Management Co. Ltd's holdings, making the stock its 12th largest position. Caitong International Asset Management Co. Ltd's holdings in Oklo were worth $1,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of OKLO. TD Waterhouse Canada Inc. purchased a new position in Oklo in the fourth quarter worth $27,000. CoreCap Advisors LLC purchased a new position in Oklo in the fourth quarter worth $32,000. Covestor Ltd purchased a new position in Oklo in the fourth quarter worth $34,000. KBC Group NV purchased a new position in Oklo in the first quarter worth $36,000. Finally, Deutsche Bank AG boosted its position in Oklo by 161.7% in the first quarter. Deutsche Bank AG now owns 1,748 shares of the company's stock worth $38,000 after purchasing an additional 1,080 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OKLO shares. BNP Paribas raised Oklo to a "strong sell" rating in a research report on Friday, July 25th. BTIG Research restated a "neutral" rating on shares of Oklo in a research note on Tuesday. CLSA upgraded Oklo from an "outperform" rating to a "moderate buy" rating and boosted their target price for the company from $50.00 to $74.00 in a research note on Tuesday, May 27th. HC Wainwright boosted their target price on Oklo from $55.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Cantor Fitzgerald set a $73.00 target price on Oklo and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Oklo presently has an average rating of "Moderate Buy" and a consensus target price of $63.78.

Insider Activity at Oklo

In related 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 sale, the chief executive officer owned 10,105,098 shares in the company, valued at $557,801,409.60. This represents a 2.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Stuart Klein sold 50,000 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $54.85, for a total value of $2,742,500.00. Following the completion of the sale, the director owned 200,000 shares in the company, valued at $10,970,000. The trade was a 20.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 600,000 shares of company stock worth $35,066,500 in the last 90 days. 18.90% of the stock is currently owned by company insiders.

Oklo Trading Up 9.5%

OKLO opened at $78.71 on Wednesday. The stock has a 50-day moving average price of $63.37 and a 200-day moving average price of $43.70. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $85.35. The stock has a market capitalization of $10.98 billion, a P/E ratio of -187.40 and a beta of 0.60.

Oklo (NYSE:OKLO - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). On average, equities research analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Oklo 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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