Geneos Wealth Management Inc. Boosts Holdings in Oklo Inc. $OKLO

Key Points

• Geneos Wealth Management Inc. increased its holdings in Oklo Inc. by 24.8%, owning 36,973 shares valued at $800,000, as reported in their latest SEC filing.
• Large investors such as Millennium Management LLC significantly boosted their stakes, with Millennium increasing holdings by 4,974.1% in the same quarter.
• Oklo's recent earnings report showed a loss of ($0.18) per share, missing analyst expectations, with a projected EPS of -8.2 for the current year.

Geneos Wealth Management Inc. increased its holdings in Oklo Inc. (NYSE:OKLO - Free Report) by 24.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,973 shares of the company's stock after purchasing an additional 7,352 shares during the period. Geneos Wealth Management Inc.'s holdings in Oklo were worth $800,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in OKLO. Millennium Management LLC lifted its holdings in Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company's stock worth $12,589,000 after purchasing an additional 570,532 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of Oklo during the 1st quarter worth approximately $11,674,000. Jump Financial LLC purchased a new stake in shares of Oklo during the 1st quarter worth approximately $6,929,000. Temasek Holdings Private Ltd purchased a new stake in shares of Oklo during the 4th quarter worth approximately $5,447,000. Finally, Raymond James Financial Inc. raised its holdings in shares of Oklo by 202.6% during the 1st quarter. Raymond James Financial Inc. now owns 314,794 shares of the company's stock worth $6,809,000 after acquiring an additional 210,755 shares in the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on OKLO. Seaport Res Ptn raised Oklo from a "hold" rating to a "strong-buy" rating in a report on Monday, June 9th. Craig Hallum cut Oklo from a "buy" rating to a "hold" rating and set a $59.00 price objective on the stock. in a report on Monday, June 23rd. Citigroup upped their price objective on Oklo from $30.00 to $68.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. BTIG Research reaffirmed a "neutral" rating on shares of Oklo in a report on Tuesday, August 12th. Finally, Daiwa Capital Markets raised Oklo from a "neutral" rating to an "outperform" rating in a report on Sunday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.45.

Oklo Stock Performance

NYSE:OKLO opened at $82.65 on Friday. The stock's fifty day moving average is $70.61 and its 200 day moving average is $48.17. Oklo Inc. has a fifty-two week low of $6.08 and a fifty-two week high of $85.35. The firm has a market capitalization of $12.20 billion, a PE ratio of -196.78 and a beta of 0.59.

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

Insider Buying and Selling at Oklo

In other Oklo news, Director Michael Stuart Klein sold 150,000 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $62.74, for a total value of $9,411,000.00. Following the transaction, the director owned 250,000 shares of the company's stock, valued at $15,685,000. This represents a 37.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $70.09, for a total value of $2,900,814.83. The disclosure for this sale can be found here. Insiders have sold 641,387 shares of company stock valued at $37,967,315 in the last quarter. 18.90% of the stock is owned by insiders.

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.

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.