Charles Schwab Investment Management Inc. Sells 11,999 Shares of Oklo Inc. $OKLO

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Oklo Inc. (NYSE:OKLO) by 2.8%, selling 11,999 shares and holding 410,432 shares worth approximately $8.88 million as of its latest SEC filing.
• Analysts have varied opinions on Oklo, with ratings ranging from a "strong sell" to a "strong buy," and a consensus target price of $63.90.
• Company insiders have sold a total of 600,000 shares in the last quarter, valued at over $35 million, indicating significant insider selling activity.

Charles Schwab Investment Management Inc. reduced its stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 410,432 shares of the company's stock after selling 11,999 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.29% of Oklo worth $8,878,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Oklo by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock worth $104,646,000 after acquiring an additional 74,315 shares during the last quarter. Vanguard Group Inc. increased its stake in Oklo by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company's stock worth $94,770,000 after acquiring an additional 37,718 shares during the last quarter. JAT Capital Mgmt LP bought a new stake in Oklo during the fourth quarter worth approximately $14,798,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in Oklo during the first quarter worth approximately $11,674,000. Finally, LPL Financial LLC increased its stake in Oklo by 103.9% during the first quarter. LPL Financial LLC now owns 265,241 shares of the company's stock worth $5,737,000 after acquiring an additional 135,157 shares during the last quarter. 85.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on OKLO shares. BTIG Research reissued a "neutral" rating on shares of Oklo in a research note on Tuesday, August 12th. BNP Paribas raised Oklo to a "strong sell" rating in a research note on Friday, July 25th. CLSA raised Oklo from an "outperform" rating to a "moderate buy" rating and upped their target price for the company from $50.00 to $74.00 in a research note on Tuesday, May 27th. Seaport Res Ptn raised Oklo from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 9th. 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 investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $63.90.

Oklo Stock Up 1.3%

Shares of NYSE:OKLO opened at $71.29 on Tuesday. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $85.35. The stock has a market cap of $10.52 billion, a P/E ratio of -169.73 and a beta of 0.60. The business's 50 day moving average is $65.70 and its 200 day moving average is $45.42.

Oklo (NYSE:OKLO - Get Free Report) last posted its 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). On average, sell-side analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Buying and Selling at Oklo

In other news, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction 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 in the company, valued at approximately $557,801,409.60. This represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction 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 sale, the director owned 200,000 shares of the company's stock, valued at approximately $10,970,000. This represents a 20.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 600,000 shares of company stock valued at $35,066,500. Company insiders own 18.90% of the company's stock.

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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