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Universal Beteiligungs und Servicegesellschaft mbH Makes New $374,000 Investment in Oklo Inc. (NYSE:OKLO)

Oklo logo with Energy background

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Oklo Inc. (NYSE:OKLO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,300 shares of the company's stock, valued at approximately $374,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC lifted its holdings in shares of Oklo by 5.7% during the 4th quarter. Barclays PLC now owns 7,666 shares of the company's stock valued at $163,000 after buying an additional 416 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Oklo by 5.4% in the first quarter. Signaturefd LLC now owns 8,962 shares of the company's stock valued at $194,000 after buying an additional 462 shares during the period. Spire Wealth Management lifted its holdings in shares of Oklo by 14.1% during the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company's stock worth $84,000 after acquiring an additional 481 shares during the period. Ancora Advisors LLC boosted its stake in Oklo by 18.2% in the 4th quarter. Ancora Advisors LLC now owns 4,610 shares of the company's stock valued at $98,000 after buying an additional 710 shares in the last quarter. Finally, Sowell Financial Services LLC increased its holdings in Oklo by 5.4% during the 1st quarter. Sowell Financial Services LLC now owns 15,275 shares of the company's stock valued at $330,000 after purchasing an additional 782 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. HC Wainwright started coverage on shares of Oklo in a report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price objective on the stock. Daiwa Capital Markets upgraded shares of Oklo from a "neutral" rating to an "outperform" rating in a research note on Sunday, July 27th. William Blair began coverage on shares of Oklo in a research note on Wednesday, May 28th. They set an "outperform" rating on the stock. Daiwa America raised Oklo from a "hold" rating to a "strong-buy" rating in a report on Sunday, July 27th. Finally, Craig Hallum cut Oklo from a "buy" rating to a "hold" rating and set a $59.00 price target for the company. in a research note on Monday, June 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Oklo currently has an average rating of "Moderate Buy" and a consensus price target of $59.33.

Get Our Latest Analysis on Oklo

Oklo Price Performance

Shares of NYSE OKLO opened at $71.50 on Monday. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $80.42. The stock has a market cap of $9.98 billion, a P/E ratio of -13.22 and a beta of 0.60. The firm has a 50-day moving average of $59.73 and a 200 day moving average of $41.56.

Oklo (NYSE:OKLO - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.04. Research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $55.20, for a total value of $16,560,000.00. Following the completion of the transaction, the chief executive officer directly owned 10,105,098 shares of the company's stock, valued at approximately $557,801,409.60. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction that occurred on 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 transaction, the director owned 200,000 shares in the company, valued at $10,970,000. This trade represents a 20.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 600,000 shares of company stock valued at $35,066,500 in the last ninety days. Insiders own 18.90% of the company's stock.

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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Institutional Ownership by Quarter for Oklo (NYSE:OKLO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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