United Capital Management of KS Inc. bought a new stake in Oklo Inc. (NYSE:OKLO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,004 shares of the company's stock, valued at approximately $216,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Oklo by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock valued at $104,646,000 after acquiring an additional 74,315 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Oklo by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company's stock worth $94,770,000 after purchasing an additional 37,718 shares during the period. JAT Capital Mgmt LP acquired a new stake in shares of Oklo during the fourth quarter worth $14,798,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Oklo during the first quarter worth $11,674,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Oklo during the fourth quarter worth $9,008,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the transaction, the chief executive officer owned 10,105,098 shares of the company's stock, valued at approximately $557,801,409.60. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Stuart Klein sold 150,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $62.74, for a total transaction of $9,411,000.00. Following the transaction, the director directly owned 250,000 shares in the company, valued at approximately $15,685,000. The trade was a 37.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 600,000 shares of company stock worth $35,066,500. 18.90% of the stock is owned by corporate insiders.
Oklo Price Performance
Shares of OKLO stock traded down $2.18 during trading hours on Monday, reaching $68.89. The stock had a trading volume of 7,478,136 shares, compared to its average volume of 18,147,023. The firm has a market capitalization of $10.17 billion, a PE ratio of -164.01 and a beta of 0.60. The firm has a 50-day simple moving average of $64.88 and a 200-day simple moving average of $44.57. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $85.35.
Oklo (NYSE:OKLO - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). On average, equities analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have weighed in on OKLO shares. Craig Hallum cut shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 target price on the stock. in a report on Monday, June 23rd. Seaport Res Ptn raised shares of Oklo from a "hold" rating to a "strong-buy" rating in a report on Monday, June 9th. CLSA raised shares of Oklo from an "outperform" rating to a "moderate buy" rating and increased their target price for the stock from $50.00 to $74.00 in a report on Tuesday, May 27th. Cantor Fitzgerald set a $73.00 target price on shares of Oklo and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, William Blair reaffirmed an "outperform" rating on shares of Oklo in a report on Tuesday, August 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $63.78.
Read Our Latest Analysis on OKLO
Oklo Profile
(
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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