Atlantic Union Bankshares Corp Takes $181,000 Position in Oklo Inc. $OKLO

Atlantic Union Bankshares Corp acquired a new stake in Oklo Inc. (NYSE:OKLO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,237 shares of the company’s stock, valued at approximately $181,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moors & Cabot Inc. purchased a new position in Oklo in the second quarter valued at about $300,000. 360 Financial Inc. acquired a new stake in shares of Oklo in the 2nd quarter worth approximately $245,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Oklo in the 2nd quarter valued at approximately $35,000. Fourth Dimension Wealth LLC raised its holdings in Oklo by 125.0% during the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares during the last quarter. Finally, Integrity Wealth Solutions LLC purchased a new stake in Oklo during the second quarter worth $236,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup raised their price target on Oklo from $30.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. BTIG Research reissued a “neutral” rating on shares of Oklo in a research note on Tuesday, August 12th. BNP Paribas raised Oklo to a “strong sell” rating in a research note on Friday, July 25th. Barclays set a $146.00 target price on Oklo in a report on Monday, September 29th. Finally, The Goldman Sachs Group began coverage on Oklo in a research report on Thursday, September 25th. They issued a “neutral” rating and a $117.00 price objective on the stock. One 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 stock. According to data from MarketBeat, Oklo presently has an average rating of “Hold” and an average price target of $98.14.

Oklo Trading Up 4.9%

Shares of Oklo stock opened at $112.02 on Monday. The stock has a market capitalization of $16.54 billion, a P/E ratio of -266.71 and a beta of 0.70. The business’s fifty day moving average price is $119.65 and its 200 day moving average price is $78.41. Oklo Inc. has a twelve month low of $17.14 and a twelve month high of $193.84.

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

Insider Buying and Selling at Oklo

In other Oklo news, insider William Carroll Murphy Goodwin sold 41,387 shares of Oklo stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $70.09, for a total transaction of $2,900,814.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard Craig Bealmear sold 92,378 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $93.73, for a total transaction of $8,658,589.94. Following the completion of the sale, the chief financial officer directly owned 75,738 shares of the company’s stock, valued at $7,098,922.74. The trade was a 54.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 491,387 shares of company stock valued at $52,698,580. 18.90% of the stock is currently owned by corporate 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.