Marco Investment Management LLC Makes New $549,000 Investment in Oklo Inc. (NYSE:OKLO)

Key Points

• Marco Investment Management LLC has invested approximately $549,000 in Oklo Inc., acquiring 25,375 shares of the company's stock during the first quarter.
• Several institutional investors, including Barclays and Signaturefd LLC, have recently increased their stakes in Oklo, with institutional investors now owning 85.03% of the company's stock.
• Oklo's stock has experienced a significant price increase, opening at $75.57 recently and having a one-year high of $77.55, reflecting strong interest from analysts with multiple upgrades to ratings.

Marco Investment Management LLC acquired a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,375 shares of the company's stock, valued at approximately $549,000.

Other large investors have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new stake in Oklo during the fourth quarter worth approximately $27,000. CoreCap Advisors LLC bought a new stake in shares of Oklo in the fourth quarter valued at approximately $32,000. Covestor Ltd bought a new stake in shares of Oklo in the fourth quarter valued at approximately $34,000. KBC Group NV bought a new stake in shares of Oklo in the first quarter valued at approximately $36,000. Finally, Graybill Wealth Management LTD. bought a new stake in shares of Oklo in the first quarter valued at approximately $43,000. Institutional investors own 85.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on OKLO shares. Craig Hallum cut Oklo from a "buy" rating to a "hold" rating and set a $59.00 price objective for the company. in a research report on Monday, June 23rd. BNP Paribas Exane started coverage on Oklo in a research report on Friday, July 25th. They issued an "underperform" rating and a $14.00 price objective for the company. Daiwa Capital Markets raised Oklo from a "neutral" rating to an "outperform" rating in a research report on Sunday. Citigroup raised their target price on Oklo from $30.00 to $68.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Seaport Res Ptn raised Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $59.33.

Insider Transactions at Oklo

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the transaction, the chief executive officer owned 10,105,098 shares in the company, valued at approximately $557,801,409.60. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Stuart Klein sold 150,000 shares of Oklo stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $62.74, for a total value of $9,411,000.00. Following the completion of the sale, the director directly owned 250,000 shares in the company, valued at approximately $15,685,000. This represents a 37.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 600,000 shares of company stock worth $35,066,500. Company insiders own 18.90% of the company's stock.

Oklo Stock Down 5.6%

OKLO stock traded down $4.32 during midday trading on Friday, reaching $72.27. The stock had a trading volume of 16,486,619 shares, compared to its average volume of 18,308,059. The business has a fifty day simple moving average of $59.28 and a two-hundred day simple moving average of $40.99. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of -13.33 and a beta of 0.57. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $80.42.

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

Oklo 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.