Compound Planning Inc. Acquires 56,437 Shares of Oklo Inc. $OKLO

Key Points

• Compound Planning Inc. has increased its stake in Oklo Inc. by 6.2%, acquiring an additional 56,437 shares, bringing its total holdings to 964,827 shares.
• Institutional investors collectively own 85.03% of Oklo's stock, with recent acquisitions by firms such as TD Waterhouse Canada Inc. and Deutsche Bank AG.
• Oklo reported an EPS of ($0.18) for its latest quarter, missing analysts' expectations, and analysts predict a current fiscal year EPS of -8.2.

Compound Planning Inc. grew its holdings in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 6.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 964,827 shares of the company's stock after buying an additional 56,437 shares during the quarter. Oklo makes up 1.0% of Compound Planning Inc.'s portfolio, making the stock its 27th largest position. Compound Planning Inc. owned about 0.69% of Oklo worth $20,869,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OKLO. TD Waterhouse Canada Inc. bought a new stake in shares of Oklo in the 4th quarter valued at about $27,000. CoreCap Advisors LLC acquired a new position in shares of Oklo during the 4th quarter worth approximately $32,000. KBC Group NV acquired a new position in shares of Oklo during the 1st quarter worth approximately $36,000. Deutsche Bank AG lifted its holdings in shares of Oklo by 161.7% during the 1st quarter. Deutsche Bank AG now owns 1,748 shares of the company's stock worth $38,000 after acquiring an additional 1,080 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in shares of Oklo by 120.9% during the 1st quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock worth $39,000 after acquiring an additional 985 shares during the period. 85.03% of the stock is owned by institutional investors.

Oklo Trading Up 0.8%

NYSE:OKLO opened at $67.1040 on Friday. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of -159.77 and a beta of 0.60. The firm has a fifty day simple moving average of $65.45 and a two-hundred day simple moving average of $45.20. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $85.35.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly 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). Equities analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Daiwa Capital Markets raised shares of Oklo from a "neutral" rating to an "outperform" rating in a research note on Sunday, July 27th. William Blair reaffirmed an "outperform" rating on shares of Oklo in a research note on Tuesday, August 12th. Seaport Res Ptn upgraded shares of Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. CLSA upgraded shares of Oklo from an "outperform" rating to a "moderate buy" rating and increased their price objective for the stock from $50.00 to $74.00 in a research report on Tuesday, May 27th. Finally, BTIG Research reiterated a "neutral" rating on shares of Oklo in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.90.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction dated Monday, June 30th. The shares were 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 directly owned 10,105,098 shares of the company's stock, valued at $557,801,409.60. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Stuart Klein sold 50,000 shares of the business's stock in a transaction dated 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 sale, the director directly owned 200,000 shares of the company's stock, valued at approximately $10,970,000. The trade was a 20.00% decrease in their ownership of the stock. 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. Corporate 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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