Signaturefd LLC Sells 8,084 Shares of Oklo Inc. $OKLO

Key Points

• Signaturefd LLC significantly reduced its holdings in Oklo Inc. by 90.2%, selling 8,084 shares and now owning only 878 shares valued at approximately $49,000.
• Multiple institutional investors increased their stakes in Oklo during the second quarter, with notable investments from Plancorp LLC and Wealth Effects LLC, demonstrating continued institutional interest in the company.
• Oklo's stock price reached $138.37, with a 52-week low of $9.01 and a high of $147.18, but the company reported a quarterly loss that missed estimates.

Signaturefd LLC cut its holdings in Oklo Inc. (NYSE:OKLO - Free Report) by 90.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 878 shares of the company's stock after selling 8,084 shares during the period. Signaturefd LLC's holdings in Oklo were worth $49,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in OKLO. ORG Partners LLC lifted its holdings in shares of Oklo by 281.0% in the second quarter. ORG Partners LLC now owns 800 shares of the company's stock worth $41,000 after buying an additional 590 shares in the last quarter. Plancorp LLC bought a new stake in Oklo in the 2nd quarter valued at $337,000. Wealth Effects LLC bought a new stake in Oklo in the 2nd quarter valued at $376,000. Foster Victor Wealth Advisors LLC purchased a new stake in Oklo in the 2nd quarter worth $477,000. Finally, StoneCrest Wealth Management Inc. boosted its holdings in shares of Oklo by 5.0% during the 2nd quarter. StoneCrest Wealth Management Inc. now owns 16,847 shares of the company's stock valued at $943,000 after purchasing an additional 795 shares during the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oklo

In other news, CFO Richard Craig Bealmear sold 92,378 shares of Oklo stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $93.73, for a total value of $8,658,589.94. Following the transaction, the chief financial officer owned 75,738 shares of the company's stock, valued at $7,098,922.74. The trade was a 54.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $70.09, for a total value of $2,900,814.83. The disclosure for this sale can be found here. Insiders have sold 491,387 shares of company stock valued at $52,698,580 in the last 90 days. Insiders own 18.90% of the company's stock.

Oklo Stock Up 8.6%

NYSE OKLO opened at $138.37 on Tuesday. Oklo Inc. has a 52 week low of $9.01 and a 52 week high of $147.18. The firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of -329.44 and a beta of 0.69. The company has a fifty day moving average of $88.43 and a two-hundred day moving average of $58.55.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Equities research analysts anticipate that Oklo Inc. will post -8.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. BNP Paribas Exane assumed coverage on Oklo in a report on Friday, July 25th. They issued an "underperform" rating and a $14.00 target price on the stock. BNP Paribas raised Oklo to a "strong sell" rating in a research note on Friday, July 25th. Seaport Res Ptn cut Oklo from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 23rd. Craig Hallum lowered shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 target price for the company. in a report on Monday, June 23rd. Finally, Daiwa America upgraded shares of Oklo from a "hold" rating to a "strong-buy" rating in a research report on Sunday, July 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $83.77.

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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