Kera Capital Partners Inc. Makes New $212,000 Investment in Oklo Inc. $OKLO

Key Points

• Kera Capital Partners Inc. invested approximately $212,000 in Oklo Inc., purchasing 3,790 shares, as reported in its recent SEC filing.
• Analysts have set various price targets for Oklo, with Bank of America initiating coverage and issuing a "buy" rating with a target price of $92.00.
• Insider transactions include Director Michael Stuart Klein selling 150,000 shares for about $9.4 million, indicating a 37.5% decrease in their stake.

Kera Capital Partners Inc. purchased a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,790 shares of the company's stock, valued at approximately $212,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OKLO. KBC Group NV acquired a new stake in Oklo during the first quarter worth about $36,000. Deutsche Bank AG grew its stake in shares of Oklo by 161.7% in the first quarter. Deutsche Bank AG now owns 1,748 shares of the company's stock valued at $38,000 after buying an additional 1,080 shares in the last quarter. Harbour Investments Inc. grew 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 valued at $39,000 after buying an additional 985 shares in the last quarter. Graybill Wealth Management LTD. acquired a new stake in shares of Oklo in the first quarter valued at about $43,000. Finally, Vestor Capital LLC acquired a new stake in shares of Oklo in the first quarter valued at about $43,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OKLO has been the subject of a number of recent research reports. Bank of America initiated coverage on Oklo in a research note on Tuesday, August 26th. They issued a "buy" rating and a $92.00 target price for the company. Cantor Fitzgerald set a $73.00 target price on Oklo and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Seaport Res Ptn upgraded Oklo from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 9th. Daiwa Capital Markets upgraded Oklo from a "neutral" rating to an "outperform" rating in a research note on Sunday, July 27th. Finally, HC Wainwright increased their target price on Oklo from $55.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. 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's stock. According to MarketBeat, Oklo has an average rating of "Moderate Buy" and an average price target of $66.45.

Oklo Stock Up 3.4%

Shares of NYSE OKLO opened at $82.65 on Monday. Oklo Inc. has a fifty-two week low of $6.08 and a fifty-two week 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 $48.28. The firm has a market cap of $12.20 billion, a PE ratio of -196.78 and a beta of 0.59.

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

Insider Transactions at Oklo

In other news, Director Michael Stuart Klein sold 150,000 shares of Oklo stock in a transaction that occurred 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 completion of the transaction, the director owned 250,000 shares in the company, valued at approximately $15,685,000. This trade represents a 37.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of Oklo stock in a transaction that occurred on Friday, September 5th. The stock was 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. In the last quarter, insiders sold 641,387 shares of company stock worth $37,967,315. 18.90% of the stock is currently owned by corporate insiders.

About Oklo

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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