Janney Montgomery Scott LLC trimmed its holdings in Oklo Inc. (NYSE:OKLO - Free Report) by 57.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,233 shares of the company's stock after selling 16,843 shares during the quarter. Janney Montgomery Scott LLC's holdings in Oklo were worth $265,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Oklo by 1.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock valued at $104,646,000 after acquiring an additional 74,315 shares during the period. Vanguard Group Inc. boosted its position in shares of Oklo by 92.8% during the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock worth $92,216,000 after purchasing an additional 2,090,154 shares in the last quarter. JAT Capital Mgmt LP purchased a new stake in shares of Oklo during the 4th quarter worth $14,798,000. Renaissance Technologies LLC purchased a new stake in shares of Oklo during the 4th quarter worth $9,008,000. Finally, Baird Financial Group Inc. boosted its position in shares of Oklo by 69.5% during the 4th quarter. Baird Financial Group Inc. now owns 257,194 shares of the company's stock worth $5,460,000 after purchasing an additional 105,472 shares in the last quarter. 85.03% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the sale, the chief executive officer owned 10,105,098 shares in the company, valued at $557,801,409.60. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Stuart Klein sold 50,000 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $54.85, for a total transaction of $2,742,500.00. Following the sale, the director owned 200,000 shares in the company, valued at $10,970,000. This represents a 20.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 600,000 shares of company stock worth $35,066,500 over the last quarter. Insiders own 18.90% of the company's stock.
Oklo Stock Up 4.2%
Oklo stock opened at $53.49 on Friday. The firm has a 50-day moving average price of $46.24 and a two-hundred day moving average price of $35.68. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of -9.89 and a beta of 0.57. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $73.55.
Oklo (NYSE:OKLO - Get Free Report) last issued 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 expect that Oklo Inc. will post -8.2 earnings per share for the current year.
Analysts Set New Price Targets
OKLO has been the topic of several recent research reports. Craig Hallum lowered shares of 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. Wedbush set a $75.00 price objective on shares of Oklo and gave the company an "outperform" rating in a research note on Thursday, June 12th. HC Wainwright initiated coverage on shares of Oklo in a research note on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price objective for the company. CLSA upgraded Oklo from an "outperform" rating to a "moderate buy" rating and upped their price target for the stock from $50.00 to $74.00 in a report on Tuesday, May 27th. Finally, Citigroup reiterated a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.50.
Get Our Latest Research Report on Oklo
About Oklo
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Free Report)
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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