3,715 Shares in Oklo Inc. $OKLO Acquired by IFG Advisory LLC

IFG Advisory LLC purchased a new position in Oklo Inc. (NYSE:OKLO) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,715 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Oklo by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock worth $94,770,000 after buying an additional 37,718 shares during the period. Compound Planning Inc. increased its holdings in Oklo by 6.2% in the 1st quarter. Compound Planning Inc. now owns 964,827 shares of the company’s stock worth $20,869,000 after buying an additional 56,437 shares during the period. Portland Investment Counsel Inc. increased its holdings in Oklo by 0.6% in the 1st quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company’s stock worth $17,358,000 after buying an additional 5,000 shares during the period. Millennium Management LLC boosted its position in Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after purchasing an additional 570,532 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Oklo in the 1st quarter worth approximately $11,674,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Stock Performance

Oklo stock opened at $112.20 on Wednesday. The company’s fifty day moving average price is $117.36 and its 200 day moving average price is $76.48. Oklo Inc. has a 1 year low of $17.14 and a 1 year high of $193.84. The stock has a market capitalization of $16.56 billion, a P/E ratio of -267.13 and a beta of 0.70.

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

Wall Street Analysts Forecast Growth

OKLO has been the topic of several recent research reports. BTIG Research restated a “neutral” rating on shares of Oklo in a research report on Tuesday, August 12th. Daiwa America upgraded Oklo from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 27th. BNP Paribas Exane initiated coverage on Oklo in a research report on Friday, July 25th. They issued an “underperform” rating and a $14.00 price objective on the stock. UBS Group set a $175.00 price objective on Oklo in a research report on Thursday, October 9th. Finally, Cantor Fitzgerald set a $73.00 price objective on Oklo and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Oklo currently has a consensus rating of “Hold” and a consensus price target of $98.14.

Insider Activity at Oklo

In other Oklo news, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $70.09, for a total value of $2,900,814.83. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Richard Craig Bealmear sold 7,622 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $101.44, for a total value of $773,175.68. Following the completion of the transaction, the chief financial officer owned 121,913 shares in the company, valued at $12,366,854.72. The trade was a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 491,387 shares of company stock worth $52,698,580 over the last 90 days. 18.90% of the stock is owned by insiders.

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.