Total Wealth Planning & Management Inc. purchased a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 7,636 shares of the company's stock, valued at approximately $428,000.
A number of other hedge funds have also recently added to or reduced their stakes in OKLO. Caldwell Sutter Capital Inc. bought a new position in Oklo during the second quarter valued at approximately $25,000. KBC Group NV bought a new position in shares of Oklo during the 1st quarter valued at $36,000. Deutsche Bank AG lifted its stake in shares of Oklo by 161.7% in the 1st quarter. Deutsche Bank AG now owns 1,748 shares of the company's stock valued at $38,000 after purchasing an additional 1,080 shares during the last quarter. Harbour Investments Inc. boosted its holdings in Oklo by 120.9% in the first quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock worth $39,000 after purchasing an additional 985 shares in the last quarter. Finally, ORG Partners LLC increased its position in Oklo by 281.0% during the second quarter. ORG Partners LLC now owns 800 shares of the company's stock worth $41,000 after buying an additional 590 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock.
Analysts Set New Price Targets
OKLO has been the subject of several recent analyst reports. The Goldman Sachs Group started coverage on Oklo in a research note on Thursday, September 25th. They set a "neutral" rating and a $117.00 price target for the company. Daiwa America upgraded Oklo from a "hold" rating to a "strong-buy" rating in a report on Sunday, July 27th. BNP Paribas raised shares of Oklo to a "strong sell" rating in a research report on Friday, July 25th. Barclays set a $146.00 target price on shares of Oklo in a research note on Monday, September 29th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Oklo in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $98.14.
View Our Latest Stock Analysis on OKLO
Insider Transactions at Oklo
In other news, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the sale, the chief executive officer owned 9,780,098 shares of the company's stock, valued at approximately $1,097,913,801.48. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of Oklo stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $70.09, for a total value of $2,900,814.83. The disclosure for this sale can be found here. Insiders sold a total of 491,387 shares of company stock worth $52,698,580 over the last quarter. 18.90% of the stock is owned by company insiders.
Oklo Trading Up 2.3%
OKLO opened at $137.92 on Friday. Oklo Inc. has a 1-year low of $9.01 and a 1-year high of $147.18. The stock has a market capitalization of $20.36 billion, a price-to-earnings ratio of -328.36 and a beta of 0.69. The business has a 50 day moving average of $92.12 and a 200-day moving average of $60.33.
Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Equities analysts predict that Oklo Inc. will post -8.2 EPS for the current year.
About Oklo
(
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.
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