Farther Finance Advisors LLC Sells 12,859 Shares of Oklo Inc. (NYSE:OKLO)

Farther Finance Advisors LLC reduced its position in Oklo Inc. (NYSE:OKLO - Free Report) by 65.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,754 shares of the company's stock after selling 12,859 shares during the period. Farther Finance Advisors LLC's holdings in Oklo were worth $152,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC acquired a new stake in shares of Oklo during the first quarter worth approximately $374,000. StoneCrest Wealth Management Inc. acquired a new stake in shares of Oklo during the first quarter worth approximately $347,000. MRA Advisory Group acquired a new stake in shares of Oklo during the first quarter worth approximately $206,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Oklo during the first quarter worth approximately $410,000. Finally, Kaizen Financial Strategies boosted its holdings in shares of Oklo by 26.7% during the first quarter. Kaizen Financial Strategies now owns 13,520 shares of the company's stock worth $292,000 after purchasing an additional 2,850 shares during the period. 85.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oklo

In other news, Director John M. Jansen acquired 6,000 shares of Oklo stock in a transaction dated Thursday, March 27th. The stock was acquired at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the purchase, the director now owns 6,000 shares of the company's stock, valued at $147,420. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Co-Founder, CEO Jacob DeWitte 139,635 shares of the business's stock in a transaction that occurred on Friday, March 28th. Following the , the insider now directly owns 10,893,926 shares of the company's stock, valued at $249,253,026.88. This trade represents a 1.27% decrease in their position. The disclosure for this trade can be found here. 18.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on OKLO. William Blair began coverage on shares of Oklo in a report on Wednesday, May 28th. They set an "outperform" rating for the company. Seaport Res Ptn upgraded shares of Oklo from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 9th. HC Wainwright initiated coverage on shares of Oklo in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 target price for the company. BTIG Research initiated coverage on shares of Oklo in a research note on Friday, April 11th. They issued a "neutral" rating for the company. Finally, Citigroup reiterated a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $56.00.

Oklo Stock Performance

Shares of Oklo stock traded down $4.26 on Friday, reaching $57.76. The stock had a trading volume of 14,959,071 shares, compared to its average volume of 14,009,268. The business's 50-day moving average price is $39.76 and its two-hundred day moving average price is $33.20. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $73.55. The stock has a market cap of $8.06 billion, a P/E ratio of -10.68 and a beta of 0.58.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. As a group, equities analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

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.