Windmill Hill Asset Management Ltd lifted its holdings in Oklo Inc. (NYSE:OKLO - Free Report) by 47.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,855 shares of the company's stock after buying an additional 33,329 shares during the quarter. Oklo comprises 0.7% of Windmill Hill Asset Management Ltd's portfolio, making the stock its 12th biggest holding. Windmill Hill Asset Management Ltd owned about 0.07% of Oklo worth $2,225,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. TD Waterhouse Canada Inc. acquired a new position in shares of Oklo in the 4th quarter valued at approximately $27,000. CoreCap Advisors LLC bought a new position in shares of Oklo in the fourth quarter valued at $32,000. Covestor Ltd acquired a new stake in Oklo during the 4th quarter valued at $34,000. KBC Group NV acquired a new stake in Oklo during the 1st quarter valued at $36,000. Finally, Graybill Wealth Management LTD. acquired a new stake in Oklo during the 1st quarter valued at $43,000. 85.03% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
OKLO has been the topic of several recent research reports. William Blair assumed coverage on Oklo in a research report on Wednesday, May 28th. They set an "outperform" rating on the stock. Cantor Fitzgerald set a $73.00 target price on Oklo and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Seaport Res Ptn raised Oklo from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 9th. CLSA raised Oklo from an "outperform" rating to a "moderate buy" rating and lifted their price objective for the stock from $50.00 to $74.00 in a research note on Tuesday, May 27th. Finally, Craig Hallum lowered Oklo from a "buy" rating to a "hold" rating and set a $59.00 price objective on the stock. in a research note on Monday, June 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.33.
Check Out Our Latest Research Report on OKLO
Oklo Stock Performance
Shares of NYSE OKLO traded up $4.44 during midday trading on Wednesday, hitting $75.45. 13,367,983 shares of the stock traded hands, compared to its average volume of 18,222,150. Oklo Inc. has a one year low of $5.35 and a one year high of $78.13. The firm has a market capitalization of $10.53 billion, a P/E ratio of -13.88 and a beta of 0.57. The firm has a 50-day moving average of $57.78 and a two-hundred day moving average of $40.38.
Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.04. Equities analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Michael Stuart Klein sold 150,000 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $62.74, for a total value of $9,411,000.00. Following the completion of the sale, the director owned 250,000 shares in the company, valued at approximately $15,685,000. The trade was a 37.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 300,000 shares of the business'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 completion of the sale, the chief executive officer owned 10,105,098 shares of the company's stock, valued at approximately $557,801,409.60. This represents a 2.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 600,000 shares of company stock valued at $35,066,500 over the last three months. Corporate insiders own 18.90% of the company's stock.
Oklo Profile
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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

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