Exchange Traded Concepts LLC Has $11.13 Million Holdings in Oklo Inc. $OKLO

Exchange Traded Concepts LLC increased its holdings in shares of Oklo Inc. (NYSE:OKLO) by 35.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 198,805 shares of the company’s stock after purchasing an additional 51,970 shares during the period. Exchange Traded Concepts LLC owned approximately 0.14% of Oklo worth $11,131,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. MRA Advisory Group lifted its position in shares of Oklo by 2.8% during the 2nd quarter. MRA Advisory Group now owns 9,770 shares of the company’s stock worth $547,000 after purchasing an additional 266 shares during the last quarter. Signaturefd LLC increased its stake in Oklo by 5.4% during the first quarter. Signaturefd LLC now owns 8,962 shares of the company’s stock valued at $194,000 after acquiring an additional 462 shares during the period. Spire Wealth Management increased its stake in Oklo by 14.1% during the first quarter. Spire Wealth Management now owns 3,896 shares of the company’s stock valued at $84,000 after acquiring an additional 481 shares during the period. Intrua Financial LLC increased its stake in Oklo by 4.2% during the first quarter. Intrua Financial LLC now owns 13,375 shares of the company’s stock valued at $289,000 after acquiring an additional 535 shares during the period. Finally, Sowell Financial Services LLC increased its stake in Oklo by 5.4% during the first quarter. Sowell Financial Services LLC now owns 15,275 shares of the company’s stock valued at $330,000 after acquiring an additional 782 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

Analyst Upgrades and Downgrades

OKLO has been the topic of several research reports. BNP Paribas Exane initiated coverage on Oklo in a research note on Friday, July 25th. They set an “underperform” rating and a $14.00 price target on the stock. Cantor Fitzgerald set a $73.00 price objective on Oklo and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Daiwa America upgraded shares of Oklo from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 27th. UBS Group assumed coverage on Oklo in a report on Wednesday, August 20th. They set a “neutral” rating and a $65.00 target price for the company. Finally, Citigroup increased their target price on Oklo from $30.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.45.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the sale, the chief executive officer owned 10,105,098 shares of the company’s stock, valued at approximately $557,801,409.60. The trade was a 2.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of Oklo stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $70.09, for a total transaction of $2,900,814.83. The disclosure for this sale can be found here. Insiders have sold a total of 391,387 shares of company stock valued at $22,203,315 in the last quarter. Insiders own 18.90% of the company’s stock.

Oklo Stock Up 9.9%

Oklo stock opened at $104.75 on Friday. Oklo Inc. has a twelve month low of $6.42 and a twelve month high of $110.82. The firm has a 50 day moving average price of $74.04 and a 200-day moving average price of $49.88. The company has a market capitalization of $15.46 billion, a P/E ratio of -249.40 and a beta of 0.59.

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

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.