FNY Investment Advisers LLC Acquires 791 Shares of Oklo Inc. $OKLO

FNY Investment Advisers LLC grew its holdings in Oklo Inc. (NYSE:OKLO) by 7,190.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 802 shares of the company’s stock after acquiring an additional 791 shares during the quarter. FNY Investment Advisers LLC’s holdings in Oklo were worth $44,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of OKLO. Rhumbline Advisers bought a new stake in shares of Oklo in the first quarter worth about $65,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Oklo during the first quarter worth about $254,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Oklo by 66.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 68,577 shares of the company’s stock worth $1,483,000 after buying an additional 27,458 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Oklo during the first quarter worth about $411,000. Finally, Spire Wealth Management boosted its position in shares of Oklo by 14.1% during the first quarter. Spire Wealth Management now owns 3,896 shares of the company’s stock worth $84,000 after buying an additional 481 shares during the period. 85.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Michael Stuart Klein sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $133.76, for a total value of $6,688,000.00. Following the completion of the sale, the director directly owned 150,000 shares of the company’s stock, valued at $20,064,000. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jacob Dewitte sold 300,000 shares of the firm’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over 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 company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OKLO. BNP Paribas Exane began coverage on Oklo in a research report on Friday, July 25th. They set an “underperform” rating and a $14.00 price objective for the company. BTIG Research reaffirmed a “neutral” rating on shares of Oklo in a research report on Tuesday, August 12th. William Blair reaffirmed an “outperform” rating on shares of Oklo in a research report on Tuesday, August 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oklo in a research report on Wednesday, October 8th. Finally, Daiwa Capital Markets raised Oklo from a “neutral” rating to an “outperform” rating in a research report on Sunday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Oklo presently has an average rating of “Hold” and an average target price of $98.14.

Oklo Stock Performance

Shares of NYSE OKLO opened at $124.86 on Friday. The stock has a 50 day moving average price of $107.31 and a 200 day moving average price of $69.29. Oklo Inc. has a 52 week low of $17.14 and a 52 week high of $193.84. The stock has a market capitalization of $18.43 billion, a PE ratio of -297.28 and a beta of 0.69.

Oklo (NYSE:OKLO) last issued its quarterly 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). As a group, research analysts forecast that Oklo Inc. will post -8.2 EPS for the current year.

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.