Victory Capital Management Inc. bought a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 49,167 shares of the company's stock, valued at approximately $1,063,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Larson Financial Group LLC lifted its position in Oklo by 122.0% in the 1st quarter. Larson Financial Group LLC now owns 2,220 shares of the company's stock worth $48,000 after buying an additional 1,220 shares in the last quarter. Graybill Wealth Management LTD. bought a new position in shares of Oklo in the first quarter worth about $43,000. SBI Securities Co. Ltd. lifted its holdings in shares of Oklo by 39.3% during the first quarter. SBI Securities Co. Ltd. now owns 46,432 shares of the company's stock worth $1,004,000 after buying an additional 13,108 shares during the last quarter. Signaturefd LLC boosted its holdings in Oklo by 5.4% in the 1st quarter. Signaturefd LLC now owns 8,962 shares of the company's stock valued at $194,000 after purchasing an additional 462 shares during the period. Finally, CWM LLC lifted its stake in shares of Oklo by 1,409.1% in the first quarter. CWM LLC now owns 4,980 shares of the company's stock valued at $108,000 after buying an additional 4,650 shares during the period. 85.03% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction on Monday, June 30th. The stock was 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 in the company, valued at $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 on Friday, June 20th. The stock was sold at an average price of $62.74, for a total value of $9,411,000.00. Following the completion of the transaction, the director owned 250,000 shares in the company, valued at $15,685,000. The trade was a 37.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 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 Trading Down 6.6%
NYSE:OKLO traded down $5.09 on Friday, hitting $71.50. 19,731,729 shares of the company's stock were exchanged, compared to its average volume of 18,803,550. The firm has a 50-day moving average price of $59.73 and a 200-day moving average price of $41.32. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $80.42.
Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. On average, equities analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
OKLO has been the topic of several recent analyst reports. CLSA raised Oklo from an "outperform" rating to a "moderate buy" rating and boosted their price target for the company from $50.00 to $74.00 in a research note on Tuesday, May 27th. William Blair started coverage on shares of Oklo in a research note on Wednesday, May 28th. They issued an "outperform" rating on the stock. Daiwa America raised shares of Oklo from a "hold" rating to a "strong-buy" rating in a report on Sunday, July 27th. BNP Paribas Exane started coverage on shares of Oklo in a report on Friday, July 25th. They set an "underperform" rating and a $14.00 price target for the company. Finally, HC Wainwright started coverage on Oklo in a report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $59.33.
View Our Latest Report 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.
Further Reading

Before you consider Oklo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oklo wasn't on the list.
While Oklo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.