Joule Financial LLC Decreases Position in Oklo Inc. (NYSE:OKLO)

Joule Financial LLC decreased its holdings in Oklo Inc. (NYSE:OKLO - Free Report) by 81.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,446 shares of the company's stock after selling 75,014 shares during the quarter. Joule Financial LLC's holdings in Oklo were worth $377,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Oklo by 92.8% in the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after buying an additional 2,090,154 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of Oklo during the fourth quarter valued at about $38,661,000. TimesSquare Capital Management LLC purchased a new position in shares of Oklo in the 4th quarter valued at approximately $17,104,000. JAT Capital Mgmt LP purchased a new position in shares of Oklo in the 4th quarter valued at approximately $14,798,000. Finally, ARK Investment Management LLC acquired a new stake in Oklo in the 4th quarter worth approximately $9,645,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Insider Buying and Selling

In other Oklo news, Co-Founder, CEO Jacob DeWitte 139,635 shares of the business's stock in a transaction dated Friday, March 28th. Following the completion of the , the insider now owns 10,893,926 shares of the company's stock, valued at approximately $249,253,026.88. This trade represents a 1.27% decrease in their ownership of the stock. The was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were acquired at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $147,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on OKLO. William Blair assumed coverage on shares of Oklo in a research note on Wednesday, May 28th. They set an "outperform" rating on the stock. Citigroup reissued a "neutral" rating on shares of Oklo in a report on Wednesday, May 14th. BTIG Research assumed coverage on Oklo in a research report on Friday, April 11th. They issued a "neutral" rating on the stock. Wedbush raised their target price on Oklo from $45.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Finally, HC Wainwright initiated coverage on Oklo in a research note on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.67.

Oklo Price Performance

NYSE:OKLO opened at $50.30 on Friday. The company's fifty day moving average price is $31.89 and its 200-day moving average price is $30.44. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14. The firm has a market capitalization of $7.00 billion, a P/E ratio of -9.30 and a beta of 0.58.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04. Equities analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

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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