Fox Hill Wealth Management Makes New Investment in Oklo Inc. $OKLO

Key Points

• Fox Hill Wealth Management acquired 10,471 shares of Oklo Inc., valued at approximately $586,000, during the 2nd quarter.
• Oklo's stock has a market cap of $12.20 billion and fluctuated between a fifty-two week low of $6.08 and a high of $85.35.
• Recent earnings reports showed Oklo Inc. missed consensus estimates, reporting (0.18) EPS instead of the expected (0.12).

Fox Hill Wealth Management purchased a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,471 shares of the company's stock, valued at approximately $586,000.

A number of other large investors also recently made changes to their positions in the stock. KBC Group NV acquired a new stake in Oklo during the 1st quarter worth $36,000. Deutsche Bank AG raised its stake in Oklo by 161.7% during the 1st quarter. Deutsche Bank AG now owns 1,748 shares of the company's stock worth $38,000 after buying an additional 1,080 shares during the period. Harbour Investments Inc. raised its stake in Oklo by 120.9% during the 1st quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock worth $39,000 after buying an additional 985 shares during the period. Graybill Wealth Management LTD. acquired a new stake in Oklo during the 1st quarter worth $43,000. Finally, Vestor Capital LLC acquired a new stake in Oklo during the 1st quarter worth $43,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OKLO shares. BNP Paribas Exane started coverage on Oklo in a report on Friday, July 25th. They set an "underperform" rating and a $14.00 target price for the company. BNP Paribas upgraded Oklo to a "strong sell" rating in a report on Friday, July 25th. Bank of America started coverage on Oklo in a report on Tuesday, August 26th. They set a "buy" rating and a $92.00 target price for the company. HC Wainwright increased their target price on Oklo from $55.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Finally, Cantor Fitzgerald set a $73.00 target price on Oklo and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.45.

Oklo Trading Up 15.6%

OKLO stock traded up $12.94 during mid-day trading on Monday, hitting $95.65. 27,898,578 shares of the company were exchanged, compared to its average volume of 17,677,105. Oklo Inc. has a 1-year low of $6.08 and a 1-year high of $95.91. The business has a 50 day simple moving average of $70.61 and a 200-day simple moving average of $48.28. The stock has a market capitalization of $14.12 billion, a PE ratio of -227.73 and a beta of 0.59.

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 analysts' consensus estimates of ($0.12) by ($0.06). Equities research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Activity at Oklo

In related news, CEO Jacob Dewitte sold 300,000 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $55.20, for a total value of $16,560,000.00. Following the sale, the chief executive officer owned 10,105,098 shares in the company, valued at $557,801,409.60. This represents a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Stuart Klein sold 150,000 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $62.74, for a total transaction of $9,411,000.00. Following the completion of the sale, the director owned 250,000 shares in the company, valued at $15,685,000. This represents a 37.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 641,387 shares of company stock worth $37,967,315 over the last quarter. Company insiders own 18.90% of the company's stock.

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.