SLT Holdings LLC purchased a new stake in Oklo Inc. (NYSE:OKLO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,325 shares of the company's stock, valued at approximately $690,000.
A number of other large investors have also made changes to their positions in the stock. Caldwell Sutter Capital Inc. purchased a new position in Oklo in the second quarter worth approximately $25,000. ORG Partners LLC grew its position in Oklo by 281.0% in the second quarter. ORG Partners LLC now owns 800 shares of the company's stock worth $41,000 after acquiring an additional 590 shares during the period. Ameriflex Group Inc. purchased a new position in Oklo in the second quarter worth approximately $57,000. SJS Investment Consulting Inc. grew its position in Oklo by 205.4% in the second quarter. SJS Investment Consulting Inc. now owns 1,350 shares of the company's stock worth $76,000 after acquiring an additional 908 shares during the period. Finally, KBC Group NV purchased a new position in Oklo in the first quarter worth approximately $36,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Seaport Res Ptn lowered Oklo from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Craig Hallum lowered Oklo from a "buy" rating to a "hold" rating and set a $59.00 price objective for the company. in a research report on Monday, June 23rd. The Goldman Sachs Group assumed coverage on Oklo in a research report on Thursday, September 25th. They issued a "neutral" rating and a $117.00 price objective for the company. BNP Paribas upgraded Oklo to a "strong sell" rating in a research report on Friday, July 25th. Finally, Cantor Fitzgerald set a $73.00 price target on Oklo and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $98.14.
Get Our Latest Research Report on OKLO
Oklo Stock Up 6.7%
OKLO opened at $147.32 on Friday. Oklo Inc. has a 52 week low of $9.01 and a 52 week high of $161.41. The business has a fifty day simple moving average of $93.63 and a 200-day simple moving average of $61.15. The firm has a market cap of $21.75 billion, a P/E ratio of -350.75 and a beta of 0.69.
Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Sell-side analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.
Insider Buying and Selling
In other news, Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $133.76, for a total value of $6,688,000.00. Following the sale, the director directly owned 150,000 shares in the company, valued at approximately $20,064,000. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total value of $33,678,000.00. Following the completion of the sale, the chief executive officer owned 9,780,098 shares in the company, 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. Insiders have sold a total of 491,387 shares of company stock valued at $52,698,580 in the last three months. 18.90% of the stock is currently owned by insiders.
Oklo Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding OKLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oklo Inc. (NYSE:OKLO - Free Report).
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