Raymond James Financial Inc. Boosts Holdings in Oklo Inc. $OKLO

Raymond James Financial Inc. lifted its position in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 202.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 314,794 shares of the company's stock after buying an additional 210,755 shares during the quarter. Raymond James Financial Inc. owned about 0.23% of Oklo worth $6,809,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC bought a new position in Oklo during the first quarter worth $229,000. Cambridge Investment Research Advisors Inc. boosted its stake in Oklo by 66.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 68,577 shares of the company's stock worth $1,483,000 after acquiring an additional 27,458 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Oklo during the first quarter worth $413,000. Spire Wealth Management boosted its stake in Oklo by 14.1% during the first quarter. Spire Wealth Management now owns 3,896 shares of the company's stock worth $84,000 after acquiring an additional 481 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Oklo in the first quarter valued at $254,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Stock Performance

Shares of Oklo stock traded down $1.50 during trading on Wednesday, hitting $72.09. The company's stock had a trading volume of 10,195,706 shares, compared to its average volume of 14,209,061. The company has a market capitalization of $10.64 billion, a PE ratio of -171.63 and a beta of 0.59. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $85.35. The company has a fifty day simple moving average of $67.75 and a two-hundred day simple moving average of $46.54.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). As a group, analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OKLO shares. Wedbush raised their price objective on shares of Oklo from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. William Blair reaffirmed an "outperform" rating on shares of Oklo in a research note on Tuesday, August 12th. Cantor Fitzgerald set a $73.00 target price on shares of Oklo and gave the company an "overweight" rating in a report on Tuesday, July 15th. BNP Paribas Exane assumed coverage on shares of Oklo in a research report on Friday, July 25th. They issued an "underperform" rating and a $14.00 price objective on the stock. Finally, BNP Paribas raised shares of Oklo to a "strong sell" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $66.45.

Insider Transactions at Oklo

In other news, CEO Jacob Dewitte sold 300,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $557,801,409.60. This trade represents a 2.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Stuart Klein sold 50,000 shares of the firm's stock in a transaction dated 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 directly owned 200,000 shares in the company, valued at approximately $10,970,000. The trade was a 20.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 600,000 shares of company stock valued at $35,066,500. 18.90% of the stock is owned by company insiders.

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.