PFG Investments LLC Sells 4,622 Shares of Oklo Inc. (NYSE:OKLO)

PFG Investments LLC trimmed its stake in Oklo Inc. (NYSE:OKLO - Free Report) by 10.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,093 shares of the company's stock after selling 4,622 shares during the period. PFG Investments LLC's holdings in Oklo were worth $889,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Oklo by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock valued at $104,646,000 after purchasing an additional 74,315 shares during the period. Vanguard Group Inc. increased its stake in shares of Oklo by 92.8% in the fourth 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 during the period. JAT Capital Mgmt LP bought a new position in shares of Oklo in the fourth quarter worth about $14,798,000. ARK Investment Management LLC bought a new position in shares of Oklo in the fourth quarter worth about $9,645,000. Finally, Renaissance Technologies LLC bought a new position in shares of Oklo in the fourth quarter worth about $9,008,000. Institutional investors own 85.03% of the company's stock.

Oklo Price Performance

Shares of Oklo stock opened at $57.76 on Monday. The firm has a market capitalization of $8.06 billion, a PE ratio of -10.68 and a beta of 0.57. The company's fifty day moving average price is $39.76 and its two-hundred day moving average price is $33.29. 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 posted its earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.04. Analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Oklo

In other Oklo news, Director John M. Jansen purchased 6,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $147,420. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jacob Dewitte sold 35,365 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total value of $889,429.75. Following the sale, the chief executive officer now owns 11,033,561 shares in the company, valued at $277,494,059.15. The trade was a 0.32% decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OKLO. HC Wainwright began coverage on Oklo in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price target on the stock. Wedbush set a $75.00 target price on shares of Oklo and gave the stock an "outperform" rating in a research report on Thursday, June 12th. BTIG Research started coverage on shares of Oklo in a report on Friday, April 11th. They set a "neutral" rating on the stock. Citigroup restated a "neutral" rating on shares of Oklo in a report on Wednesday, May 14th. Finally, William Blair began coverage on shares of Oklo in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $56.00.

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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