Jump Financial LLC Makes New Investment in Oklo Inc. $OKLO

Key Points

• Jump Financial LLC has acquired a new stake in Oklo Inc., purchasing 320,352 shares valued at approximately $6.93 million, representing 0.23% of the company.
• Analysts have varied opinions on Oklo's stock, with ratings ranging from "Strong Buy" to "Underperform," and a current average target price of $63.90.
• Oklo's CEO recently sold 300,000 shares for around $16.56 million, reducing his ownership stake, while insiders have sold a total of 600,000 shares over the past 90 days.

Jump Financial LLC purchased a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 320,352 shares of the company's stock, valued at approximately $6,929,000. Jump Financial LLC owned approximately 0.23% of Oklo at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. acquired a new position in Oklo in the 4th quarter valued at approximately $27,000. CoreCap Advisors LLC bought a new stake in shares of Oklo in the 4th quarter valued at about $32,000. KBC Group NV acquired a new stake in shares of Oklo in the first quarter valued at about $36,000. Deutsche Bank AG raised its position in shares of Oklo by 161.7% during the first quarter. Deutsche Bank AG now owns 1,748 shares of the company's stock worth $38,000 after acquiring an additional 1,080 shares during the last quarter. Finally, Harbour Investments Inc. lifted its stake in shares of Oklo by 120.9% in the first quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock worth $39,000 after acquiring an additional 985 shares during the period. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on OKLO. HC Wainwright raised their price target on shares of Oklo from $55.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. William Blair restated an "outperform" rating on shares of Oklo in a report on Tuesday, August 12th. Cantor Fitzgerald set a $73.00 price target on shares of Oklo and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Seaport Res Ptn raised Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. Finally, Citigroup upped their target price on Oklo from $30.00 to $68.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.45.

Oklo Stock Up 6.5%

NYSE:OKLO traded up $4.79 on Thursday, hitting $77.99. The stock had a trading volume of 17,240,382 shares, compared to its average volume of 17,959,424. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $85.35. The business's fifty day moving average is $66.16 and its 200 day moving average is $45.81. The company has a market cap of $11.51 billion, a PE ratio of -185.69 and a beta of 0.60.

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

Insider Buying and Selling at Oklo

In other news, Director Michael Stuart Klein sold 50,000 shares of the company's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $54.85, for a total value of $2,742,500.00. Following the completion of the sale, the director owned 200,000 shares in the company, valued at $10,970,000. This represents a 20.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 300,000 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the transaction, the chief executive officer directly owned 10,105,098 shares in the company, valued at $557,801,409.60. The trade was a 2.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 600,000 shares of company stock valued at $35,066,500 in the last quarter. 18.90% of the stock is currently owned by corporate 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.