Focus Partners Wealth Sells 236,009 Shares of Oklo Inc. (NYSE:OKLO)

Focus Partners Wealth lessened its stake in Oklo Inc. (NYSE:OKLO - Free Report) by 31.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 504,991 shares of the company's stock after selling 236,009 shares during the quarter. Focus Partners Wealth owned 0.41% of Oklo worth $10,721,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Oklo by 92.8% in the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after buying an additional 2,090,154 shares during the period. Van ECK Associates Corp acquired a new position in Oklo in the 4th quarter valued at approximately $38,661,000. Atomi Financial Group Inc. acquired a new position in Oklo in the 4th quarter valued at approximately $19,285,000. TimesSquare Capital Management LLC acquired a new position in Oklo in the 4th quarter valued at approximately $17,104,000. Finally, JAT Capital Mgmt LP acquired a new position in Oklo in the 4th quarter valued at approximately $14,798,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Oklo Price Performance

NYSE:OKLO traded up $0.26 during midday trading on Friday, reaching $37.67. The stock had a trading volume of 18,304,075 shares, compared to its average volume of 11,848,702. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14. The firm's fifty day simple moving average is $25.17 and its 200-day simple moving average is $27.73. The stock has a market capitalization of $5.24 billion, a P/E ratio of -6.96 and a beta of -0.02.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on OKLO. B. Riley raised their price target on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 6th. HC Wainwright began coverage on shares of Oklo in a report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price target on the stock. Craig Hallum began coverage on shares of Oklo in a report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price target on the stock. Wedbush restated an "outperform" rating and set a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. Finally, BTIG Research initiated coverage on shares of Oklo in a report on Friday, April 11th. They set a "neutral" rating on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.40.

Insiders Place Their Bets

In related news, Director John M. Jansen purchased 6,000 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the transaction, the director now directly owns 6,000 shares of the company's stock, valued at approximately $147,420. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 35,365 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the completion of the sale, the chief executive officer now owns 11,033,561 shares in the company, valued at $277,494,059.15. This represents a 0.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.80% of the company's stock.

Oklo 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.