200,000 Shares in Oklo Inc. $OKLO Purchased by Seven Grand Managers LLC

Seven Grand Managers LLC bought a new position in Oklo Inc. (NYSE:OKLO) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $11,198,000. Oklo accounts for 1.3% of Seven Grand Managers LLC’s portfolio, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of OKLO. Caldwell Sutter Capital Inc. purchased a new stake in shares of Oklo in the second quarter worth about $25,000. Private Trust Co. NA bought a new stake in Oklo during the 2nd quarter worth approximately $25,000. Fourth Dimension Wealth LLC lifted its stake in Oklo by 125.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Oklo in the 2nd quarter worth approximately $28,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Oklo by 107.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock valued at $33,000 after purchasing an additional 305 shares during the period. 85.03% of the stock is currently owned by institutional investors.

Oklo Stock Down 4.4%

NYSE OKLO opened at $87.37 on Tuesday. The stock’s 50-day simple moving average is $122.13 and its two-hundred day simple moving average is $86.05. Oklo Inc. has a twelve month low of $17.14 and a twelve month high of $193.84. The company has a market capitalization of $13.65 billion, a price-to-earnings ratio of -161.79 and a beta of 0.73.

Oklo (NYSE:OKLO) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter in the previous year, the company posted ($0.08) earnings per share. On average, equities analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. HC Wainwright upped their price target on shares of Oklo from $55.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. The Goldman Sachs Group began coverage on Oklo in a research note on Thursday, September 25th. They issued a “neutral” rating and a $117.00 target price on the stock. B. Riley raised their price target on Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. UBS Group set a $175.00 price objective on Oklo in a report on Thursday, October 9th. Finally, Bank of America decreased their price objective on shares of Oklo from $117.00 to $111.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Oklo currently has an average rating of “Hold” and an average price target of $106.29.

Insider Transactions at Oklo

In other Oklo news, CFO Richard Craig Bealmear sold 7,622 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $101.44, for a total transaction of $773,175.68. Following the transaction, the chief financial officer directly owned 121,913 shares in the company, valued at $12,366,854.72. This trade represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the transaction, the director directly owned 150,000 shares in the company, valued at $20,064,000. This trade represents a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 503,323 shares of company stock worth $53,914,143 in the last three months. Corporate 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.