Cwm LLC Grows Stock Holdings in Oklo Inc. (NYSE:OKLO)

Key Points

• Cwm LLC significantly increased its holdings in Oklo Inc. by 1,409.1%, owning 4,980 shares valued at $108,000 after acquiring 4,650 shares in Q1.
• Several large investors, including Vanguard Group Inc., increased their positions in Oklo during the fourth quarter, demonstrating strong institutional interest with 85.03% of the company's stock owned by hedge funds and other institutional investors.
• Oklo has seen mixed analyst ratings, with upgrades from various firms leading to a consensus rating of "Moderate Buy" and a target price of $59.33 amid a backdrop of recent insider selling activity.

CWM LLC increased its stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 1,409.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,980 shares of the company's stock after purchasing an additional 4,650 shares during the period. CWM LLC's holdings in Oklo were worth $108,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC boosted its position in Oklo by 5.7% in the 4th quarter. Barclays PLC now owns 7,666 shares of the company's stock valued at $163,000 after buying an additional 416 shares during the period. Spire Wealth Management boosted its position in Oklo by 14.1% in the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company's stock valued at $84,000 after buying an additional 481 shares during the period. Ancora Advisors LLC boosted its position in Oklo by 18.2% in the 4th quarter. Ancora Advisors LLC now owns 4,610 shares of the company's stock valued at $98,000 after buying an additional 710 shares during the period. Sowell Financial Services LLC boosted its position in Oklo by 5.4% in the 1st quarter. Sowell Financial Services LLC now owns 15,275 shares of the company's stock valued at $330,000 after buying an additional 782 shares during the period. Finally, TD Waterhouse Canada Inc. purchased a new position in Oklo in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Cantor Fitzgerald set a $73.00 price target on shares of Oklo and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Citigroup raised their price objective on shares of Oklo from $30.00 to $68.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Seaport Res Ptn upgraded shares of Oklo from a "hold" rating to a "strong-buy" rating in a report on Monday, June 9th. HC Wainwright assumed coverage on shares of Oklo in a report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective on the stock. Finally, BTIG Research assumed coverage on shares of Oklo in a report on Friday, April 11th. They issued a "neutral" rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $59.33.

Oklo Trading Down 6.6%

NYSE:OKLO traded down $5.09 during midday trading on Friday, hitting $71.50. 19,731,729 shares of the company were exchanged, compared to its average volume of 18,803,550. The company has a fifty day simple moving average of $59.28 and a 200 day simple moving average of $40.99. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $80.42. The company has a market capitalization of $9.98 billion, a PE ratio of -13.22 and a beta of 0.57.

Oklo (NYSE:OKLO - Get Free Report) last announced 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. As a group, equities research analysts expect that Oklo Inc. will post -8.2 EPS for the current year.

Insider Buying and Selling at Oklo

In other Oklo news, Director Michael Stuart Klein sold 150,000 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $62.74, for a total transaction of $9,411,000.00. Following the transaction, the director directly owned 250,000 shares of the company's stock, valued at approximately $15,685,000. This trade represents a 37.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of the firm's 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 transaction, the chief executive officer directly owned 10,105,098 shares in the company, valued at $557,801,409.60. The trade was a 2.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 600,000 shares of company stock worth $35,066,500 over the last three months. 18.90% of the stock is currently owned by insiders.

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.