Secure Asset Management LLC Sells 9,538 Shares of Oklo Inc. (NYSE:OKLO)

Secure Asset Management LLC reduced its stake in Oklo Inc. (NYSE:OKLO - Free Report) by 14.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,553 shares of the company's stock after selling 9,538 shares during the period. Secure Asset Management LLC's holdings in Oklo were worth $1,223,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. TD Waterhouse Canada Inc. purchased a new stake in Oklo in the fourth quarter worth about $27,000. CoreCap Advisors LLC purchased a new stake in Oklo in the fourth quarter worth about $32,000. Sandy Spring Bank purchased a new stake in Oklo in the fourth quarter worth about $32,000. Covestor Ltd purchased a new stake in Oklo in the fourth quarter worth about $34,000. Finally, Anfield Capital Management LLC purchased a new stake in Oklo in the fourth quarter worth about $43,000. 85.03% of the stock is owned by institutional investors.

Oklo Price Performance

Oklo stock traded up $3.14 during midday trading on Friday, reaching $50.30. 13,211,785 shares of the company traded hands, compared to its average volume of 13,164,257. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of -9.30 and a beta of 0.58. The business has a 50 day moving average of $31.89 and a two-hundred day moving average of $30.44. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings data 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. As a group, equities analysts forecast that Oklo Inc. will post -8.2 EPS for the current year.

Insider Activity at Oklo

In other Oklo news, Director John M. Jansen purchased 6,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director now owns 6,000 shares of the company's stock, valued at approximately $147,420. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jacob Dewitte sold 35,365 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. HC Wainwright assumed coverage on shares of Oklo in a report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective on the stock. Wedbush increased their price target on shares of Oklo from $45.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. BTIG Research began coverage on shares of Oklo in a report on Friday, April 11th. They set a "neutral" rating on the stock. William Blair began coverage on shares of Oklo in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. Finally, Citigroup reiterated a "neutral" rating on shares of Oklo in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $52.67.

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.