Thurston Springer Miller Herd & Titak Inc. Purchases 4,327 Shares of Oklo Inc. $OKLO

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Oklo Inc. by 22.8%, purchasing an additional 4,327 shares to total 23,288 shares worth $1,304,000.
• A significant insider transaction occurred when Director Michael Stuart Klein sold 50,000 shares for approximately $2.74 million, leading to a 20% decrease in their ownership.
• Oklo's stock has a market cap of $12.20 billion with shares recently trading at $82.65, showing strong performance despite a reported loss of $0.18 earnings per share for the last quarter.

Thurston Springer Miller Herd & Titak Inc. raised its stake in Oklo Inc. (NYSE:OKLO - Free Report) by 22.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,288 shares of the company's stock after buying an additional 4,327 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Oklo were worth $1,304,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. McAlister Sweet & Associates Inc. bought a new position in Oklo in the second quarter valued at approximately $280,000. Howard Financial Services LTD. bought a new position in Oklo in the second quarter valued at approximately $234,000. Kera Capital Partners Inc. bought a new position in Oklo in the second quarter valued at approximately $212,000. Rhumbline Advisers bought a new position in Oklo in the first quarter valued at approximately $65,000. Finally, Intrua Financial LLC lifted its stake in Oklo by 4.2% in the first quarter. Intrua Financial LLC now owns 13,375 shares of the company's stock valued at $289,000 after buying an additional 535 shares in the last quarter. Institutional investors own 85.03% of the company's stock.

Insider Activity

In related news, Director Michael Stuart Klein sold 50,000 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $54.85, for a total transaction of $2,742,500.00. Following the completion of the sale, the director owned 200,000 shares of the company's stock, valued at $10,970,000. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 641,387 shares of company stock valued at $37,967,315. 18.90% of the stock is owned by company insiders.

Oklo Trading Up 3.4%

Shares of OKLO opened at $82.65 on Monday. The company has a market cap of $12.20 billion, a price-to-earnings ratio of -196.78 and a beta of 0.59. Oklo Inc. has a 1-year low of $6.08 and a 1-year high of $85.35. The company's fifty day simple moving average is $70.61 and its 200 day simple moving average is $48.28.

Oklo (NYSE:OKLO - Get Free Report) last issued its 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, research analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. CLSA raised 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 research note on Tuesday, May 27th. Seaport Res Ptn raised shares of Oklo from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 9th. Cantor Fitzgerald set a $73.00 price objective on shares of Oklo and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. UBS Group began coverage on shares of Oklo in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $65.00 price objective on the stock. Finally, Daiwa Capital Markets raised shares of Oklo from a "neutral" rating to an "outperform" rating in a research report on Sunday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Oklo presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.45.

About Oklo

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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