Cetera Investment Advisers Raises Position in Oklo Inc. (NYSE:OKLO)

Cetera Investment Advisers increased its holdings in Oklo Inc. (NYSE:OKLO - Free Report) by 72.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,237 shares of the company's stock after purchasing an additional 41,617 shares during the quarter. Cetera Investment Advisers owned 0.07% of Oklo worth $2,146,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in OKLO. Vanguard Group Inc. increased its position in shares of Oklo by 92.8% in the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after acquiring an additional 2,090,154 shares during the period. Alliancebernstein L.P. purchased a new position in shares of Oklo in the fourth quarter valued at about $1,693,000. LPL Financial LLC purchased a new position in shares of Oklo in the fourth quarter valued at about $2,762,000. OneDigital Investment Advisors LLC purchased a new position in shares of Oklo in the first quarter valued at about $229,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Oklo by 66.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 68,577 shares of the company's stock valued at $1,483,000 after buying an additional 27,458 shares during the period. Hedge funds and other institutional investors own 85.03% of the company's stock.

Oklo Trading Down 4.7%

Shares of OKLO opened at $79.22 on Friday. The company has a market cap of $11.05 billion, a P/E ratio of -14.64 and a beta of 0.60. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $85.35. The company's fifty day simple moving average is $61.96 and its 200-day simple moving average is $42.85.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. Analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Transactions at Oklo

In related news, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction that occurred on Monday, June 23rd. The shares were 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 directly owned 200,000 shares in the company, valued at $10,970,000. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the completion of the sale, the chief executive officer owned 10,105,098 shares of the company's stock, valued at $557,801,409.60. This trade represents a 2.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 600,000 shares of company stock worth $35,066,500 over the last 90 days. Company insiders own 18.90% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on OKLO. Seaport Res Ptn upgraded shares of Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. Craig Hallum cut shares of 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 upgraded shares of Oklo from a "hold" rating to a "strong-buy" rating in a research report on Sunday, July 27th. Daiwa Capital Markets upgraded shares of Oklo from a "neutral" rating to an "outperform" rating in a research report on Sunday, July 27th. Finally, BTIG Research began coverage on shares of Oklo in a research report on Friday, April 11th. They set a "neutral" rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Oklo presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.33.

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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