PNC Financial Services Group Inc. Has $527,000 Stock Position in Oklo Inc. $OKLO

PNC Financial Services Group Inc. lowered its holdings in shares of Oklo Inc. (NYSE:OKLO) by 9.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,405 shares of the company’s stock after selling 971 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Oklo were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of OKLO. Vanguard Group Inc. increased its position in Oklo by 0.9% during the first 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 last quarter. Compound Planning Inc. boosted its stake in shares of Oklo by 6.2% during the 1st quarter. Compound Planning Inc. now owns 964,827 shares of the company’s stock worth $20,869,000 after acquiring an additional 56,437 shares in the last quarter. Portland Investment Counsel Inc. increased its holdings in shares of Oklo by 0.6% during the 1st quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company’s stock valued at $17,358,000 after acquiring an additional 5,000 shares during the last quarter. Millennium Management LLC raised its stake in shares of Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after acquiring an additional 570,532 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Oklo in the 1st quarter valued at approximately $6,929,000. 85.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oklo

In related news, CFO Richard Craig Bealmear sold 7,622 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $101.44, for a total value of $773,175.68. Following the sale, the chief financial officer owned 121,913 shares of the company’s stock, valued at $12,366,854.72. The trade was a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,780,098 shares of the company’s stock, valued at $1,097,913,801.48. This trade represents a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 503,323 shares of company stock worth $53,914,143. Corporate insiders own 18.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on OKLO. UBS Group set a $175.00 price target on Oklo in a report on Thursday, October 9th. Daiwa America raised shares of Oklo from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 27th. B. Riley raised their target price on shares of Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Seaport Res Ptn downgraded shares of Oklo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Zacks Research raised shares of Oklo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oklo currently has a consensus rating of “Hold” and an average target price of $106.29.

Oklo Stock Up 0.2%

OKLO stock opened at $88.17 on Monday. Oklo Inc. has a twelve month low of $17.14 and a twelve month high of $193.84. The company has a market cap of $13.78 billion, a PE ratio of -163.28 and a beta of 0.70. The business’s 50-day simple moving average is $124.82 and its 200 day simple moving average is $83.64.

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

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.