RWQ Financial Management Services Inc. Takes $5.45 Million Position in Oklo Inc. $OKLO

Key Points

• RWQ Financial Management Services Inc. has purchased a new position in Oklo Inc., acquiring 97,354 shares valued at approximately $5.45 million, representing about 2.3% of its holdings.
• Oklo's quarterly earnings report showed a loss of ($0.18) EPS, missing analyst expectations, with predictions pointing to a -8.2 EPS for the current fiscal year.
• Insiders at Oklo have been active in trading, including a significant sale by the CEO involving 300,000 shares, valued at over $33 million, reflecting a decrease in ownership.

RWQ Financial Management Services Inc. acquired a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 97,354 shares of the company's stock, valued at approximately $5,451,000. Oklo comprises about 2.3% of RWQ Financial Management Services Inc.'s holdings, making the stock its 15th largest holding. RWQ Financial Management Services Inc. owned approximately 0.07% of Oklo as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MRA Advisory Group grew its position in shares of Oklo by 2.8% in the 2nd quarter. MRA Advisory Group now owns 9,770 shares of the company's stock worth $547,000 after buying an additional 266 shares during the last quarter. Private Trust Co. NA purchased a new position in shares of Oklo in the 2nd quarter worth approximately $25,000. Caldwell Sutter Capital Inc. purchased a new position in shares of Oklo in the 2nd quarter worth approximately $25,000. Signaturefd LLC grew its position in shares of Oklo by 5.4% in the 1st quarter. Signaturefd LLC now owns 8,962 shares of the company's stock worth $194,000 after buying an additional 462 shares during the last quarter. Finally, Spire Wealth Management grew its position in shares of Oklo by 14.1% in the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company's stock worth $84,000 after buying an additional 481 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company's stock.

Oklo Trading Up 0.8%

NYSE:OKLO opened at $163.41 on Friday. Oklo Inc. has a twelve month low of $15.48 and a twelve month high of $193.84. The company's 50 day moving average is $102.50 and its two-hundred day moving average is $66.14. The company has a market cap of $24.12 billion, a PE ratio of -389.07 and a beta of 0.69.

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

Insider Buying and Selling at Oklo

In other Oklo news, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the completion of the sale, the director directly owned 150,000 shares in the company, valued at approximately $20,064,000. The trade was a 25.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the sale, the chief executive officer owned 9,780,098 shares of the company's stock, valued at approximately $1,097,913,801.48. The trade was a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 491,387 shares of company stock valued at $52,698,580. 18.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on OKLO shares. Barclays set a $146.00 price objective on shares of Oklo in a research report on Monday, September 29th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Oklo in a research report on Wednesday, October 8th. Citigroup boosted their target price on shares of Oklo from $30.00 to $68.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. BNP Paribas raised shares of Oklo to a "strong sell" rating in a research report on Friday, July 25th. Finally, BTIG Research reissued a "neutral" rating on shares of Oklo in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $98.14.

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.

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