Oklo Inc. $OKLO Shares Bought by Spirit of America Management Corp NY

Key Points

• Spirit of America Management Corp NY increased its stake in Oklo Inc. by 58.9% during the second quarter, acquiring an additional 10,300 shares, bringing its total holdings to 27,800 shares valued at $1,557,000.
• Oklo recently reported a quarterly EPS of ($0.18), missing the consensus estimate of ($0.12), and analysts expect a full-year EPS of ($8.2).
• The stock recently saw significant sales from insiders, including CEO Jacob Dewitte selling 300,000 shares worth approximately $33.7 million, reducing his ownership stake by 2.98%.

Spirit of America Management Corp NY raised its stake in Oklo Inc. (NYSE:OKLO - Free Report) by 58.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,800 shares of the company's stock after acquiring an additional 10,300 shares during the quarter. Spirit of America Management Corp NY's holdings in Oklo were worth $1,557,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Caldwell Sutter Capital Inc. acquired a new position in Oklo in the second quarter valued at approximately $25,000. Private Trust Co. NA acquired a new position in Oklo in the second quarter valued at approximately $25,000. KBC Group NV acquired a new position in Oklo in the first quarter valued at approximately $36,000. Deutsche Bank AG lifted its holdings in Oklo by 161.7% in the first quarter. Deutsche Bank AG now owns 1,748 shares of the company's stock valued at $38,000 after acquiring an additional 1,080 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in Oklo by 120.9% in the first quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock valued at $39,000 after acquiring an additional 985 shares during the period. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Price Performance

Shares of OKLO stock opened at $163.41 on Friday. The company has a market cap of $24.12 billion, a price-to-earnings ratio of -389.07 and a beta of 0.69. The stock has a 50 day simple moving average of $102.50 and a 200-day simple moving average of $66.14. Oklo Inc. has a 1-year low of $15.48 and a 1-year high of $193.84.

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 the consensus estimate of ($0.12) by ($0.06). Analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the completion of the sale, the chief executive officer directly owned 9,780,098 shares in the company, valued at approximately $1,097,913,801.48. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, September 22nd. The stock was sold at an average price of $133.76, for a total value of $6,688,000.00. Following the sale, the director owned 150,000 shares of the company's stock, valued at $20,064,000. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 491,387 shares of company stock valued at $52,698,580 over the last ninety days. Company insiders own 18.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on OKLO shares. Bank of America reissued a "neutral" rating and issued a $117.00 price target (up from $92.00) on shares of Oklo in a report on Tuesday, September 30th. Wedbush boosted their price target on Oklo from $80.00 to $150.00 and gave the company an "outperform" rating in a report on Monday, September 22nd. Craig Hallum downgraded Oklo from a "buy" rating to a "hold" rating and set a $59.00 target price for the company. in a research note on Monday, June 23rd. The Goldman Sachs Group started coverage on Oklo in a research note on Thursday, September 25th. They set a "neutral" rating and a $117.00 target price for the company. Finally, HC Wainwright upped their target price on Oklo from $55.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $98.14.

About Oklo

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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