LexAurum Advisors LLC Buys New Shares in Oklo Inc. $OKLO

Key Points

• LexAurum Advisors LLC purchased 5,035 shares of Oklo Inc., valued at approximately $282,000, marking a new position in the company during Q2.
• Oklo's recent earnings report showed a loss of ($0.18) EPS, missing the consensus estimate by ($0.06), and analysts forecast an average EPS of -8.2 for the current year.
• The stock has seen a significant fluctuation in price, with a 52-week range from $7.90 to $144.49, and currently has a market capitalization of $16.47 billion.

LexAurum Advisors LLC purchased a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,035 shares of the company's stock, valued at approximately $282,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OKLO. Janney Montgomery Scott LLC raised its position in shares of Oklo by 17.2% during the second quarter. Janney Montgomery Scott LLC now owns 14,339 shares of the company's stock valued at $803,000 after buying an additional 2,106 shares during the last quarter. GC Wealth Management RIA LLC bought a new position in Oklo during the second quarter valued at about $231,000. ORG Partners LLC raised its holdings in Oklo by 281.0% in the 2nd quarter. ORG Partners LLC now owns 800 shares of the company's stock valued at $41,000 after acquiring an additional 590 shares in the last quarter. Plancorp LLC bought a new stake in shares of Oklo in the 2nd quarter worth approximately $337,000. Finally, Wealth Effects LLC bought a new stake in shares of Oklo in the 2nd quarter worth approximately $376,000. Institutional investors own 85.03% of the company's stock.

Oklo Stock Performance

Shares of NYSE:OKLO opened at $111.58 on Wednesday. The company's fifty day moving average is $84.08 and its 200-day moving average is $55.55. Oklo Inc. has a 52 week low of $7.90 and a 52 week high of $144.49. The company has a market capitalization of $16.47 billion, a PE ratio of -265.66 and a beta of 0.59.

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

Insider Activity

In other news, CFO Richard Craig Bealmear sold 92,378 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $93.73, for a total value of $8,658,589.94. Following the transaction, the chief financial officer directly owned 75,738 shares of the company's stock, valued at $7,098,922.74. The trade was a 54.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm'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. Over the last 90 days, insiders sold 191,387 shares of company stock worth $19,020,580. Insiders own 18.90% of the company's stock.

Wall Street Analyst Weigh In

OKLO has been the topic of a number of research reports. Bank of America restated a "neutral" rating and set a $117.00 price objective (up from $92.00) on shares of Oklo in a research report on Tuesday. William Blair reissued an "outperform" rating on shares of Oklo in a report on Tuesday, August 12th. Wedbush raised their price objective on shares of Oklo from $80.00 to $150.00 and gave the stock an "outperform" rating in a report on Monday, September 22nd. HC Wainwright lifted their target price on shares of Oklo from $55.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Finally, Barclays set a $146.00 target price on shares of Oklo in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Oklo currently has an average rating of "Hold" and an average price target of $83.77.

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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