Twin Tree Management LP Grows Stock Holdings in Oklo Inc. $OKLO

Key Points

• Twin Tree Management LP increased its holdings in Oklo Inc. by 1,612.1%, owning 4,811 shares valued at $104,000 at the end of the most recent quarter.
• Multiple hedge funds have modified their stakes in Oklo, with a cumulative total of 85.03% of the stock owned by institutional investors.
• Brokerages have provided mixed ratings for Oklo, with a consensus of "Moderate Buy" and a target price of $66.45.

Twin Tree Management LP increased its position in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 1,612.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,811 shares of the company's stock after acquiring an additional 4,530 shares during the period. Twin Tree Management LP's holdings in Oklo were worth $104,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CoreCap Advisors LLC acquired a new position in shares of Oklo in the 4th quarter valued at about $32,000. KBC Group NV bought a new stake in Oklo during the 1st quarter worth approximately $36,000. Deutsche Bank AG increased its holdings 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. grew its holdings in shares of Oklo by 120.9% in the first quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock valued at $39,000 after acquiring an additional 985 shares in the last quarter. Finally, Graybill Wealth Management LTD. bought a new position in shares of Oklo in the first quarter valued at approximately $43,000. Institutional investors own 85.03% of the company's stock.

Oklo Trading Down 3.2%

Shares of NYSE:OKLO traded down $2.30 on Thursday, reaching $69.93. 7,223,461 shares of the company traded hands, compared to its average volume of 17,784,721. The business's 50-day simple moving average is $67.75 and its 200 day simple moving average is $46.54. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $85.35. The stock has a market capitalization of $10.32 billion, a P/E ratio of -166.98 and a beta of 0.59.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). Sell-side analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OKLO. Craig Hallum lowered Oklo from a "buy" rating to a "hold" rating and set a $59.00 price objective for the company. in a report on Monday, June 23rd. UBS Group assumed coverage on Oklo in a research report on Wednesday, August 20th. They set a "neutral" rating and a $65.00 price target on the stock. BTIG Research restated a "neutral" rating on shares of Oklo in a research report on Tuesday, August 12th. Daiwa America upgraded Oklo from a "hold" rating to a "strong-buy" rating in a research report on Sunday, July 27th. Finally, CLSA upgraded Oklo from an "outperform" rating to a "moderate buy" rating and raised their price target for the company from $50.00 to $74.00 in a research report on Tuesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Oklo currently has a consensus rating of "Moderate Buy" and an average price target of $66.45.

Insider Activity

In other Oklo news, Director Michael Stuart Klein sold 50,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $54.85, for a total value of $2,742,500.00. Following the completion of the sale, the director directly owned 200,000 shares in the company, valued at $10,970,000. This trade represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $55.20, for a total value of $16,560,000.00. Following the sale, the chief executive officer directly owned 10,105,098 shares in the company, valued at approximately $557,801,409.60. The trade was a 2.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 600,000 shares of company stock worth $35,066,500 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.