Strategic Planning Group LLC Sells 24,798 Shares of Oklo Inc. (NYSE:OKLO)

Strategic Planning Group LLC lessened its holdings in Oklo Inc. (NYSE:OKLO - Free Report) by 17.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 120,515 shares of the company's stock after selling 24,798 shares during the period. Strategic Planning Group LLC owned about 0.09% of Oklo worth $2,607,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. TD Waterhouse Canada Inc. purchased a new position in shares of Oklo during the 4th quarter valued at about $27,000. Sandy Spring Bank purchased a new position in Oklo during the fourth quarter valued at approximately $32,000. CoreCap Advisors LLC bought a new position in shares of Oklo in the fourth quarter worth approximately $32,000. Covestor Ltd purchased a new stake in shares of Oklo in the fourth quarter worth $34,000. Finally, Anfield Capital Management LLC bought a new stake in shares of Oklo during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Oklo Price Performance

Shares of Oklo stock traded down $1.90 during trading hours on Thursday, reaching $47.19. The company's stock had a trading volume of 13,170,690 shares, compared to its average volume of 13,038,024. The firm has a 50 day moving average price of $30.82 and a 200-day moving average price of $30.06. The stock has a market cap of $6.57 billion, a P/E ratio of -8.72 and a beta of -0.02. Oklo Inc. has a one year low of $5.35 and a one year 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, topping the consensus estimate of ($0.11) by $0.04. As a group, sell-side analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analyst Ratings Changes

OKLO has been the topic of several research analyst reports. Wedbush boosted their price objective on Oklo from $45.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. CLSA upgraded shares of Oklo from an "outperform" rating to a "moderate buy" rating and lifted their price target for the company from $50.00 to $74.00 in a report on Tuesday, May 27th. William Blair started coverage on shares of Oklo in a report on Wednesday, May 28th. They set an "outperform" rating for the company. HC Wainwright started coverage on Oklo in a research report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price objective for the company. Finally, Citigroup reaffirmed a "neutral" rating on shares of Oklo in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $52.67.

Insider Transactions at Oklo

In other Oklo news, Director John M. Jansen acquired 6,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the acquisition, the director now directly owns 6,000 shares in the company, valued at $147,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Co-Founder, CEO Jacob DeWitte 139,635 shares of the firm's stock in a transaction dated Friday, March 28th. Following the , the insider now directly owns 10,893,926 shares in the company, valued at $249,253,026.88. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this trade can be found here. Company insiders own 21.80% of the company's stock.

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.