Empirical Financial Services LLC d.b.a. Empirical Wealth Management Takes $217,000 Position in Oklo Inc. $OKLO

Key Points

• Empirical Wealth Management has acquired a new stake in Oklo Inc., purchasing 3,884 shares worth approximately $217,000 in the second quarter.
• Insider trading activity at Oklo includes CEO Jacob Dewitte selling 300,000 shares for over $33 million, signaling a decrease in his position in the company.
• Oklo reported a quarterly loss with an EPS of ($0.18), missing estimates, and is projected to have an EPS of -8.2 for the current fiscal year.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 3,884 shares of the company's stock, valued at approximately $217,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of OKLO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Oklo by 358.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,069 shares of the company's stock valued at $1,254,000 after acquiring an additional 46,188 shares during the period. Rhumbline Advisers acquired a new stake in shares of Oklo during the 1st quarter valued at approximately $65,000. Park Avenue Securities LLC acquired a new stake in shares of Oklo during the 1st quarter valued at approximately $374,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Oklo during the 1st quarter valued at approximately $216,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Oklo during the 1st quarter valued at approximately $104,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Stock Performance

OKLO stock opened at $134.26 on Wednesday. Oklo Inc. has a one year low of $9.01 and a one year high of $147.18. The company has a 50 day moving average price of $89.70 and a two-hundred day moving average price of $59.07. The stock has a market capitalization of $19.82 billion, a P/E ratio of -319.66 and a beta of 0.69.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Research analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Activity at Oklo

In other news, CEO Jacob Dewitte sold 300,000 shares of the business's 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 completion of the sale, the chief executive officer directly owned 9,780,098 shares of the company's stock, valued at $1,097,913,801.48. The trade was a 2.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Craig Bealmear sold 7,622 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $101.44, for a total transaction of $773,175.68. Following the sale, the chief financial officer directly owned 121,913 shares of the company's stock, valued at approximately $12,366,854.72. This trade represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 491,387 shares of company stock valued at $52,698,580 over the last quarter. 18.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

OKLO has been the subject of a number of research reports. UBS Group began coverage on shares of Oklo in a research report on Wednesday, August 20th. They set a "neutral" rating and a $65.00 price target for the company. Seaport Res Ptn downgraded Oklo from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Weiss Ratings restated a "sell (d)" rating on shares of Oklo in a research report on Saturday, September 27th. BNP Paribas Exane began coverage on Oklo in a research report on Friday, July 25th. They set an "underperform" rating and a $14.00 price objective for the company. Finally, Daiwa Capital Markets upgraded Oklo from a "neutral" rating to an "outperform" rating in a research report on Sunday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $83.77.

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.

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