Vantage Point Financial LLC Acquires 5,000 Shares of Oklo Inc. $OKLO

Key Points

• Vantage Point Financial LLC increased its holdings in Oklo Inc. by 31.1%, acquiring an additional 5,000 shares, bringing its total to 21,053 shares valued at approximately $1.18 million.
• Insider trading activity includes Director Michael Stuart Klein selling 50,000 shares for $6.69 million, resulting in a 25% reduction of his ownership stake in the company.
• Oklo Inc. recently reported a quarterly earnings miss, posting a loss of ($0.18) per share, while sell-side analysts have varied views on the stock, with a mixed rating of 'Hold' and an average target price of $98.14.

Vantage Point Financial LLC increased its position in Oklo Inc. (NYSE:OKLO - Free Report) by 31.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,053 shares of the company's stock after acquiring an additional 5,000 shares during the quarter. Vantage Point Financial LLC's holdings in Oklo were worth $1,179,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake 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 acquiring an additional 37,718 shares in the last quarter. Compound Planning Inc. increased its position in Oklo by 6.2% during the 1st quarter. Compound Planning Inc. now owns 964,827 shares of the company's stock valued at $20,869,000 after purchasing an additional 56,437 shares during the period. Portland Investment Counsel Inc. boosted its holdings in shares of Oklo by 0.6% during the 1st quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company's stock valued at $17,358,000 after buying an additional 5,000 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Oklo by 4,974.1% during the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company's stock valued at $12,589,000 after buying an additional 570,532 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of Oklo during the 1st quarter valued at $11,674,000. 85.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oklo

In related news, Director Michael Stuart Klein sold 50,000 shares of the firm's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total value of $6,688,000.00. Following the completion of the transaction, the director directly owned 150,000 shares of the company's stock, valued at approximately $20,064,000. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm's stock in a transaction on Friday, September 5th. The shares were 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. In the last ninety days, insiders sold 491,387 shares of company stock valued at $52,698,580. 18.90% of the stock is owned by company insiders.

Oklo Price Performance

OKLO stock 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 company 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 simple moving average of $92.12 and a two-hundred day simple moving average of $60.33.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings results 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). Sell-side analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on OKLO shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Oklo in a research note on Wednesday. Bank of America reissued a "neutral" rating and issued a $117.00 target price (up from $92.00) on shares of Oklo in a report on Tuesday, September 30th. William Blair reissued an "outperform" rating on shares of Oklo in a report on Tuesday, August 12th. HC Wainwright increased their target price on shares of Oklo from $55.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Finally, Citigroup increased their target price on shares of Oklo from $30.00 to $68.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Oklo presently has an average rating of "Hold" and an average price target of $98.14.

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.

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