OMERS ADMINISTRATION Corp Makes New $2.54 Million Investment in Oklo Inc. $OKLO

Key Points

• OMERS ADMINISTRATION Corp acquired 117,400 shares of Oklo Inc. valued at approximately $2,539,000, representing a 0.08% stake in the company, as per their latest SEC filing.
• Multiple institutional investors have increased their holdings in Oklo Inc., with the stock now being 85.03% owned by such entities.
• Oklo's shares recently opened at $73.75, with a consensus analyst rating of "Moderate Buy" and a price target of $66.45.

OMERS ADMINISTRATION Corp purchased a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 117,400 shares of the company's stock, valued at approximately $2,539,000. OMERS ADMINISTRATION Corp owned 0.08% of Oklo at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in OKLO. Barclays PLC grew its position in Oklo by 5.7% during the fourth quarter. Barclays PLC now owns 7,666 shares of the company's stock valued at $163,000 after acquiring an additional 416 shares during the period. NewEdge Advisors LLC purchased a new stake in Oklo during the fourth quarter valued at about $125,000. First Trust Advisors LP purchased a new stake in Oklo during the fourth quarter valued at about $267,000. Tower Research Capital LLC TRC boosted its position in shares of Oklo by 1,048.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,859 shares of the company's stock worth $103,000 after buying an additional 4,436 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of Oklo by 808.2% in the fourth quarter. Stifel Financial Corp now owns 117,026 shares of the company's stock valued at $2,484,000 after buying an additional 104,140 shares in the last quarter. Hedge funds and other institutional investors own 85.03% of the company's stock.

Oklo Price Performance

OKLO traded down $1.58 on Tuesday, reaching $72.06. The company's stock had a trading volume of 8,861,167 shares, compared to its average volume of 17,876,695. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of -171.22 and a beta of 0.59. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $85.35. The business's 50 day moving average is $67.16 and its 200 day moving average is $46.17.

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). As a group, research analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of research firms have recently issued reports on OKLO. Bank of America began coverage on Oklo in a research note on Tuesday, August 26th. They issued a "buy" rating and a $92.00 target price for the company. BNP Paribas upgraded Oklo to a "strong sell" rating in a research note on Friday, July 25th. Seaport Res Ptn upgraded Oklo from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 9th. Cantor Fitzgerald set a $73.00 target price on Oklo and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Citigroup increased their target price on Oklo from $30.00 to $68.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $66.45.

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.