Means Investment CO. Inc. Makes New $250,000 Investment in Oklo Inc. $OKLO

Key Points

• Means Investment CO. Inc. made a new investment of approximately $250,000 in Oklo Inc. by acquiring 4,461 shares in the second quarter.
• CEO Jacob Dewitte sold 300,000 shares of Oklo stock for around $33.68 million, decreasing his ownership stake by 2.98%.
• Several analysts have updated their price targets for Oklo, with Wedbush raising it from $80.00 to $150.00 and Bank of America increasing their target to $117.00.

Means Investment CO. Inc. acquired a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,461 shares of the company's stock, valued at approximately $250,000.

Several other large investors have also recently added to or reduced their stakes in the company. MRA Advisory Group increased its position in Oklo by 2.8% during the 2nd quarter. MRA Advisory Group now owns 9,770 shares of the company's stock worth $547,000 after buying an additional 266 shares during the period. Caldwell Sutter Capital Inc. bought a new position in Oklo during the 2nd quarter worth $25,000. Signaturefd LLC increased its position in Oklo by 5.4% during the 1st quarter. Signaturefd LLC now owns 8,962 shares of the company's stock worth $194,000 after buying an additional 462 shares during the period. Spire Wealth Management increased its position in Oklo by 14.1% during the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company's stock worth $84,000 after buying an additional 481 shares during the period. Finally, IFP Advisors Inc increased its position in Oklo by 23.2% during the 2nd quarter. IFP Advisors Inc now owns 2,813 shares of the company's stock worth $158,000 after buying an additional 529 shares during the period. Institutional investors own 85.03% of the company's stock.

Insiders Place Their Bets

In other Oklo news, insider William Carroll Murphy Goodwin sold 41,387 shares of Oklo stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $70.09, for a total value of $2,900,814.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total value of $33,678,000.00. Following the completion of the transaction, the chief executive officer owned 9,780,098 shares in the company, valued at approximately $1,097,913,801.48. This represents a 2.98% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 491,387 shares of company stock worth $52,698,580. Insiders own 18.90% of the company's stock.

Oklo Stock Performance

Shares of NYSE OKLO opened at $147.32 on Friday. Oklo Inc. has a 52 week low of $9.01 and a 52 week high of $161.41. The stock has a market capitalization of $21.75 billion, a P/E ratio of -350.75 and a beta of 0.69. The stock's fifty day moving average is $93.63 and its 200 day moving average is $61.39.

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

Analysts Set New Price Targets

Several research analysts have weighed in on OKLO shares. Wedbush increased their price objective on Oklo from $80.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, September 22nd. Craig Hallum cut Oklo from a "buy" rating to a "hold" rating and set a $59.00 price objective on the stock. in a research report on Monday, June 23rd. Daiwa Capital Markets upgraded Oklo from a "neutral" rating to an "outperform" rating in a research report on Sunday, July 27th. William Blair restated an "outperform" rating on shares of Oklo in a research report on Tuesday, August 12th. Finally, Bank of America restated a "neutral" rating and issued a $117.00 price target (up previously from $92.00) on shares of Oklo in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $98.14.

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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