OneDigital Investment Advisors LLC Buys Shares of 10,601 Oklo Inc. (NYSE:OKLO)

OneDigital Investment Advisors LLC purchased a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,601 shares of the company's stock, valued at approximately $229,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Jones Financial Companies Lllp acquired a new stake in Oklo in the fourth quarter worth about $131,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Oklo by 2,386.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,325 shares of the company's stock worth $198,000 after acquiring an additional 8,950 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Oklo in the 4th quarter worth approximately $2,209,000. PNC Financial Services Group Inc. bought a new position in shares of Oklo in the fourth quarter valued at approximately $140,000. Finally, AlphaQuest LLC acquired a new position in shares of Oklo during the fourth quarter valued at approximately $45,000. Institutional investors own 85.03% of the company's stock.

Oklo Price Performance

Oklo stock traded up $6.53 during midday trading on Monday, reaching $62.61. The stock had a trading volume of 25,733,533 shares, compared to its average volume of 17,959,113. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $73.55. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of -11.57 and a beta of 0.57. The firm's fifty day simple moving average is $49.25 and its two-hundred day simple moving average is $36.90.

Oklo (NYSE:OKLO - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. As a group, sell-side analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael Stuart Klein sold 150,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $62.74, for a total value of $9,411,000.00. Following the completion of the sale, the director directly owned 250,000 shares of the company's stock, valued at $15,685,000. This represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacob Dewitte sold 300,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was 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 of the company's stock, valued at approximately $557,801,409.60. This represents a 2.88% decrease in their ownership of the stock. 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. Company insiders own 18.90% of the company's stock.

Analyst Upgrades and Downgrades

OKLO has been the subject of a number of research analyst reports. BTIG Research initiated coverage on Oklo in a research report on Friday, April 11th. They issued a "neutral" rating for the company. HC Wainwright assumed coverage on Oklo in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective on the stock. Wedbush set a $75.00 target price on Oklo and gave the company an "outperform" rating in a research note on Thursday, June 12th. William Blair started coverage on Oklo in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. Finally, CLSA raised shares of Oklo from an "outperform" rating to a "moderate buy" rating and upped their price target for the company from $50.00 to $74.00 in a report on Tuesday, May 27th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Oklo currently has an average rating of "Moderate Buy" and an average price target of $58.43.

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.