Cwm LLC raised its holdings in Oklo Inc. (NYSE:OKLO - Free Report) by 202.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,072 shares of the company's stock after acquiring an additional 10,092 shares during the quarter. Cwm LLC's holdings in Oklo were worth $844,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Caldwell Sutter Capital Inc. acquired a new stake in Oklo in the second quarter valued at approximately $25,000. KBC Group NV bought a new position in shares of Oklo in the first quarter valued at approximately $36,000. Deutsche Bank AG raised its position in shares of Oklo by 161.7% in the first quarter. Deutsche Bank AG now owns 1,748 shares of the company's stock valued at $38,000 after purchasing an additional 1,080 shares during the period. Harbour Investments Inc. raised its position in shares of Oklo by 120.9% in the first quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock valued at $39,000 after purchasing an additional 985 shares during the period. Finally, ORG Partners LLC raised its position in shares of Oklo by 281.0% in the second quarter. ORG Partners LLC now owns 800 shares of the company's stock valued at $41,000 after purchasing an additional 590 shares during the period. 85.03% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Oklo
In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the sale, the chief executive officer owned 9,780,098 shares in the company, valued at $1,097,913,801.48. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $70.09, for a total transaction of $2,900,814.83. The disclosure for this sale can be found here. Insiders have sold 491,387 shares of company stock worth $52,698,580 over the last three months. 18.90% of the stock is currently owned by corporate insiders.
Oklo Price Performance
OKLO opened at $119.82 on Thursday. Oklo Inc. has a fifty-two week low of $17.14 and a fifty-two week high of $193.84. The firm's fifty day moving average price is $106.29 and its two-hundred day moving average price is $68.58. The company has a market capitalization of $17.69 billion, a P/E ratio of -285.29 and a beta of 0.69.
Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly 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, equities research analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently commented on OKLO. Canaccord Genuity Group began coverage on shares of Oklo in a research report on Thursday, October 9th. They issued a "buy" rating and a $175.00 price target on the stock. UBS Group set a $175.00 price target on shares of Oklo in a research report on Thursday, October 9th. Wedbush lifted their price target on shares of Oklo from $80.00 to $150.00 and gave the company an "outperform" rating in a research report on Monday, September 22nd. BNP Paribas Exane began coverage on shares of Oklo in a research report on Friday, July 25th. They issued an "underperform" rating and a $14.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on shares of Oklo in a research report on Thursday, September 25th. They issued a "neutral" rating and a $117.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $98.14.
View Our Latest Stock Report on Oklo
Oklo Profile
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding OKLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oklo Inc. (NYSE:OKLO - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Oklo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oklo wasn't on the list.
While Oklo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
