Howard Financial Services LTD. purchased a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,175 shares of the company's stock, valued at approximately $234,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of Oklo by 5.4% in the 1st quarter. Signaturefd LLC now owns 8,962 shares of the company's stock valued at $194,000 after purchasing an additional 462 shares in the last quarter. Spire Wealth Management boosted its stake in shares of Oklo by 14.1% in the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company's stock valued at $84,000 after purchasing an additional 481 shares in the last quarter. Intrua Financial LLC boosted its stake in shares of Oklo by 4.2% in the 1st quarter. Intrua Financial LLC now owns 13,375 shares of the company's stock valued at $289,000 after purchasing an additional 535 shares in the last quarter. Sowell Financial Services LLC boosted its stake in shares of Oklo by 5.4% in the 1st quarter. Sowell Financial Services LLC now owns 15,275 shares of the company's stock valued at $330,000 after purchasing an additional 782 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of Oklo by 120.9% in the 1st quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock valued at $39,000 after purchasing an additional 985 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock.
Oklo Trading Up 3.4%
Shares of NYSE:OKLO opened at $82.65 on Friday. The stock has a market capitalization of $12.20 billion, a P/E ratio of -196.78 and a beta of 0.59. Oklo Inc. has a 1-year low of $6.08 and a 1-year high of $85.35. The business has a 50-day moving average price of $70.61 and a two-hundred day moving average price of $48.17.
Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings data 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). As a group, equities analysts predict that Oklo Inc. will post -8.2 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. CLSA upgraded shares of Oklo from an "outperform" rating to a "moderate buy" rating and boosted their target price for the company from $50.00 to $74.00 in a research note on Tuesday, May 27th. 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 on the stock. Cantor Fitzgerald set a $73.00 price target on shares of Oklo and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Wedbush upped their price target on shares of Oklo from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Finally, BTIG Research reiterated a "neutral" rating on shares of Oklo in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Oklo presently has a consensus rating of "Moderate Buy" and an average target price of $66.45.
Read Our Latest Report on Oklo
Insiders Place Their Bets
In other Oklo 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $55.20, for a total value of $16,560,000.00. Following the sale, the chief executive officer directly owned 10,105,098 shares of the company's stock, valued at $557,801,409.60. This represents a 2.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 641,387 shares of company stock valued at $37,967,315. 18.90% of the stock is currently owned by insiders.
About Oklo
(
Free Report)
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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