Virtu Financial LLC Invests $2.56 Million in Oklo Inc. (NYSE:OKLO)

Key Points

• Virtu Financial LLC has acquired a new position in Oklo Inc., purchasing 118,229 shares valued at approximately $2.56 million, which accounts for 0.08% of the company's stock.
• Several hedge funds increased their stakes in Oklo, with institutional investors now owning 85.03% of the company's shares, highlighting significant market interest.
• Oklo shares have experienced volatility, with a 12-month low of $5.35 and a high of $85.35, currently trading down 5.2% at around $75.18.

Virtu Financial LLC acquired a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 118,229 shares of the company's stock, valued at approximately $2,557,000. Virtu Financial LLC owned approximately 0.08% of Oklo at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 worth $104,646,000 after acquiring an additional 74,315 shares in the last quarter. Vanguard Group Inc. grew its holdings in Oklo by 0.9% during the 1st 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. JAT Capital Mgmt LP acquired a new position in shares of Oklo in the 4th quarter valued at about $14,798,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Oklo in the 1st quarter valued at about $11,674,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Oklo in the 4th quarter valued at about $9,008,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on OKLO shares. William Blair reaffirmed an "outperform" rating on shares of Oklo in a report on Tuesday. Daiwa Capital Markets raised shares of Oklo from a "neutral" rating to an "outperform" rating in a report on Sunday, July 27th. HC Wainwright lifted their price target on shares of Oklo from $55.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday. BNP Paribas raised shares of Oklo to a "strong sell" rating in a report on Friday, July 25th. Finally, CLSA upgraded shares of Oklo from an "outperform" rating to a "moderate buy" rating and lifted their price objective 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 sell rating, three have given 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 stock has a consensus rating of "Moderate Buy" and a consensus target price of $63.78.

Oklo Stock Performance

Shares of OKLO stock traded down $2.01 during midday trading on Wednesday, reaching $76.46. 16,348,514 shares of the company were exchanged, compared to its average volume of 18,293,205. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $85.35. The company has a market cap of $10.67 billion, a P/E ratio of -181.78 and a beta of 0.60. The company's 50 day moving average price is $63.37 and its two-hundred day moving average price is $43.70.

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

Insider Buying and Selling

In related news, Director Michael Stuart Klein sold 50,000 shares of the business's 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 sale, the director directly owned 200,000 shares in the company, valued at $10,970,000. The trade was a 20.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $16,560,000.00. Following the completion of the sale, the chief executive officer owned 10,105,098 shares in the company, valued at $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 a total of 600,000 shares of company stock worth $35,066,500 over the last quarter. Insiders own 18.90% of the company's stock.

About Oklo

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.