Oklo Inc. $OKLO Position Increased by Strategic Planning Group LLC

Key Points

• Strategic Planning Group LLC increased its holdings in Oklo Inc. by 26.7%, owning 152,678 shares worth approximately $8.5 million, making it the fund's 21st largest position.
• Multiple hedge funds have recently adjusted their stakes in Oklo, with institutional investors owning over 85% of the company's stock.
• Oklo reported a loss of ($0.18) earnings per share for the last quarter, missing estimates, while analysts expect an average price target of $66.45 for the stock.

Strategic Planning Group LLC increased its position in Oklo Inc. (NYSE:OKLO - Free Report) by 26.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 152,678 shares of the company's stock after acquiring an additional 32,163 shares during the quarter. Oklo comprises 1.4% of Strategic Planning Group LLC's investment portfolio, making the stock its 21st largest holding. Strategic Planning Group LLC owned approximately 0.11% of Oklo worth $8,548,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caldwell Sutter Capital Inc. purchased a new stake in shares of Oklo during the second quarter worth about $25,000. KBC Group NV purchased a new position in Oklo during the first quarter worth approximately $36,000. Deutsche Bank AG grew its stake in Oklo by 161.7% during the 1st quarter. Deutsche Bank AG now owns 1,748 shares of the company's stock worth $38,000 after purchasing an additional 1,080 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of Oklo by 120.9% in the 1st quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock valued at $39,000 after purchasing an additional 985 shares during the last quarter. Finally, Graybill Wealth Management LTD. acquired a new stake in shares of Oklo in the 1st quarter worth approximately $43,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OKLO shares. HC Wainwright increased their price target on shares of Oklo from $55.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Daiwa Capital Markets raised shares of Oklo from a "neutral" rating to an "outperform" rating in a research note on Sunday, July 27th. Citigroup raised their price target on shares of Oklo from $30.00 to $68.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Wedbush raised their price target on shares of Oklo from $80.00 to $150.00 and gave the company an "outperform" rating in a report on Monday. Finally, BTIG Research reissued a "neutral" rating on shares of Oklo in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Oklo currently has an average rating of "Moderate Buy" and an average target price of $72.82.

Oklo Stock Performance

Oklo stock traded up $4.85 during midday trading on Monday, reaching $140.08. 37,096,867 shares of the stock were exchanged, compared to its average volume of 16,823,242. The company's fifty day moving average is $77.18 and its 200-day moving average is $51.72. Oklo Inc. has a 52 week low of $7.90 and a 52 week high of $142.85. The firm has a market cap of $20.68 billion, a PE ratio of -333.51 and a beta of 0.59.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data 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). On average, sell-side analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Transactions at Oklo

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $55.20, for a total value of $16,560,000.00. Following the completion of the transaction, the chief executive officer directly owned 10,105,098 shares of the company's stock, valued at $557,801,409.60. The trade was a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard Craig Bealmear sold 92,378 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $93.73, for a total value of $8,658,589.94. Following the sale, the chief financial officer owned 75,738 shares of the company's stock, valued at $7,098,922.74. This trade represents a 54.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 441,387 shares of company stock worth $28,892,580 in the last quarter. Company insiders own 18.90% of the company's stock.

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.