Essex LLC Makes New Investment in Oklo Inc. $OKLO

Key Points

• Essex LLC has acquired a new position in Oklo Inc. by purchasing 4,630 shares valued at approximately $259,000 in the second quarter.
• Insider William Carroll Murphy Goodwin sold 41,387 shares for over $2.9 million while CFO Richard Craig Bealmear sold 92,378 shares for nearly $8.7 million, indicating significant insider trading activity.
• Oklo Inc. reported a quarterly EPS of ($0.18), missing analysts' expectations, and currently has a market cap of $25.56 billion.

Essex LLC bought a new position in Oklo Inc. (NYSE:OKLO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,630 shares of the company's stock, valued at approximately $259,000.

Other large investors have also recently bought and sold shares of the company. Caldwell Sutter Capital Inc. purchased a new position in Oklo during the second quarter valued at approximately $25,000. KBC Group NV acquired a new stake in shares of Oklo during the 1st quarter valued at $36,000. Deutsche Bank AG grew 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 valued at $38,000 after acquiring an additional 1,080 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of Oklo by 120.9% in the first 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 last quarter. Finally, ORG Partners LLC increased its stake in shares of Oklo by 281.0% in the second quarter. ORG Partners LLC now owns 800 shares of the company's stock worth $41,000 after acquiring an additional 590 shares during the last quarter. 85.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider William Carroll Murphy Goodwin sold 41,387 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Craig Bealmear sold 92,378 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $93.73, for a total value of $8,658,589.94. Following the sale, the chief financial officer owned 75,738 shares of the company's stock, valued at approximately $7,098,922.74. The trade was a 54.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 491,387 shares of company stock worth $52,698,580 in the last 90 days. Insiders own 18.90% of the company's stock.

Oklo Stock Performance

OKLO opened at $173.14 on Wednesday. The firm has a market cap of $25.56 billion, a P/E ratio of -412.22 and a beta of 0.69. The business has a 50 day moving average price of $97.31 and a 200 day moving average price of $63.46. Oklo Inc. has a twelve month low of $9.54 and a twelve month high of $183.20.

Oklo (NYSE:OKLO - Get Free Report) last released 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). As a group, analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OKLO. BNP Paribas raised Oklo to a "strong sell" rating in a research report on Friday, July 25th. Canaccord Genuity Group assumed coverage on Oklo in a research note on Thursday, October 9th. They set a "buy" rating and a $175.00 price target for the company. Barclays set a $146.00 price target on Oklo in a research note on Monday, September 29th. BNP Paribas Exane began coverage on Oklo in a report on Friday, July 25th. They issued an "underperform" rating and a $14.00 price objective on the stock. Finally, Seaport Res Ptn cut shares of Oklo from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $98.14.

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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