Matauro LLC Sells 16,721 Shares of Oklo Inc. (NYSE:OKLO)

Matauro LLC lowered its stake in Oklo Inc. (NYSE:OKLO - Free Report) by 55.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,337 shares of the company's stock after selling 16,721 shares during the period. Matauro LLC's holdings in Oklo were worth $288,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. purchased a new stake in shares of Oklo in the fourth quarter valued at $280,000. Van ECK Associates Corp acquired a new position in Oklo in the fourth quarter valued at $38,661,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Oklo in the fourth quarter valued at $240,000. Palumbo Wealth Management LLC acquired a new position in Oklo in the fourth quarter valued at $220,000. Finally, Tcfg Wealth Management LLC acquired a new position in Oklo in the fourth quarter valued at $450,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Wall Street Analyst Weigh In

OKLO has been the subject of several research analyst reports. William Blair initiated coverage on Oklo in a research note on Wednesday, May 28th. They set an "outperform" rating for the company. Seaport Res Ptn raised Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. Citigroup reaffirmed a "neutral" rating on shares of Oklo in a research report on Wednesday, May 14th. BTIG Research initiated coverage on Oklo in a research report on Friday, April 11th. They issued a "neutral" rating for the company. Finally, HC Wainwright initiated coverage on Oklo in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 target price for the company. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oklo currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

Insider Buying and Selling at Oklo

In related news, CEO Jacob Dewitte sold 41,000 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $21.80, for a total transaction of $893,800.00. Following the completion of the sale, the chief executive officer now directly owns 10,852,926 shares of the company's stock, valued at $236,593,786.80. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John M. Jansen bought 6,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at approximately $147,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company's stock.

Oklo Price Performance

OKLO traded down $0.79 during trading on Friday, reaching $63.69. 31,708,898 shares of the stock traded hands, compared to its average volume of 13,686,976. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of -11.77 and a beta of 0.58. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $71.00. The stock's 50-day simple moving average is $35.82 and its two-hundred day simple moving average is $31.73.

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 analysts' consensus estimates of ($0.11) by $0.04. Research analysts anticipate that Oklo Inc. will post -8.2 earnings per share 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.