Stiles Financial Services Inc Makes New $202,000 Investment in Oklo Inc. $OKLO

Key Points

• Stiles Financial Services Inc made a new investment in Oklo Inc. worth approximately $202,000, acquiring 3,610 shares during the second quarter.
• Oklo's stock opened at $147.32 and has seen a fifty-two week low of $9.01 and a high of $161.41, indicating significant volatility.
• The company's recent earnings report showed a loss per share of ($0.18), missing analyst estimates, with predictions suggesting an EPS of -8.2 for the current fiscal year.

Stiles Financial Services Inc bought a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,610 shares of the company's stock, valued at approximately $202,000.

Other institutional investors also recently modified their holdings of the company. Caldwell Sutter Capital Inc. purchased a new stake in shares of Oklo during the second quarter valued at $25,000. ORG Partners LLC lifted its holdings in Oklo by 281.0% in the second quarter. ORG Partners LLC now owns 800 shares of the company's stock valued at $41,000 after acquiring an additional 590 shares during the period. Ameriflex Group Inc. bought a new position in Oklo in the second quarter valued at about $57,000. SJS Investment Consulting Inc. lifted its holdings in Oklo by 205.4% in the second quarter. SJS Investment Consulting Inc. now owns 1,350 shares of the company's stock valued at $76,000 after acquiring an additional 908 shares during the period. Finally, KBC Group NV bought a new position in Oklo in the first quarter valued at about $36,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Stock Performance

Oklo stock opened at $147.32 on Friday. Oklo Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $161.41. The company has a market cap of $21.75 billion, a PE ratio of -350.75 and a beta of 0.69. The business's 50-day simple moving average is $93.63 and its two-hundred day simple moving average is $61.15.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings results 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 fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OKLO shares. UBS Group set a $175.00 target price on Oklo in a report on Thursday. Wedbush raised their price objective on Oklo from $80.00 to $150.00 and gave the stock an "outperform" rating in a research note on Monday, September 22nd. The Goldman Sachs Group began coverage on Oklo in a research note on Thursday, September 25th. They set a "neutral" rating and a $117.00 target price on the stock. Bank of America reissued a "neutral" rating and set a $117.00 target price (up previously from $92.00) on shares of Oklo in a research note on Tuesday, September 30th. Finally, Canaccord Genuity Group started coverage on Oklo in a research note on Thursday. They set a "buy" rating and a $175.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $98.14.

Insider Transactions at Oklo

In other Oklo news, Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the completion of the transaction, the director owned 150,000 shares of the company's stock, valued at $20,064,000. This 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 available through this hyperlink. Also, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 9,780,098 shares of the company's stock, valued at $1,097,913,801.48. The trade was a 2.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 491,387 shares of company stock worth $52,698,580 over the last three months. 18.90% of the stock is owned by insiders.

Oklo Company 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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