Ameriflex Group Inc. Makes New Investment in Oklo Inc. $OKLO

Ameriflex Group Inc. bought a new stake in Oklo Inc. (NYSE:OKLO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,025 shares of the company’s stock, valued at approximately $57,000.

Several other institutional investors also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Oklo by 358.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,069 shares of the company’s stock valued at $1,254,000 after buying an additional 46,188 shares during the period. Rhumbline Advisers bought a new stake in shares of Oklo during the 1st quarter valued at $65,000. Park Avenue Securities LLC acquired a new position in shares of Oklo in the 1st quarter valued at $374,000. Redhawk Wealth Advisors Inc. acquired a new position in shares of Oklo in the 1st quarter valued at $216,000. Finally, Noble Wealth Management PBC bought a new position in shares of Oklo in the 1st quarter worth $104,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Analyst Upgrades and Downgrades

OKLO has been the subject of a number of recent analyst reports. Citigroup upped their price objective on Oklo from $30.00 to $68.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. William Blair reaffirmed an “outperform” rating on shares of Oklo in a research note on Tuesday, August 12th. BNP Paribas Exane began coverage on shares of Oklo in a research note on Friday, July 25th. They set an “underperform” rating and a $14.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of Oklo in a report on Thursday, September 25th. They set a “neutral” rating and a $117.00 price objective for the company. Finally, Seaport Res Ptn lowered shares of Oklo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $83.77.

Oklo Stock Performance

Shares of OKLO opened at $127.41 on Monday. The stock has a 50 day simple moving average of $87.18 and a 200 day simple moving average of $57.77. Oklo Inc. has a 52-week low of $9.01 and a 52-week high of $144.49. The firm has a market capitalization of $18.81 billion, a PE ratio of -303.35 and a beta of 0.69.

Oklo (NYSE:OKLO) last announced its earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Equities research analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Activity at Oklo

In related news, CEO Jacob Dewitte sold 300,000 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total value of $33,678,000.00. Following the sale, the chief executive officer directly owned 9,780,098 shares of the company’s stock, valued at approximately $1,097,913,801.48. The trade was a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $70.09, for a total value of $2,900,814.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 491,387 shares of company stock valued at $52,698,580. 18.90% of the stock is owned by insiders.

Oklo Company 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.