Oklo Inc. $OKLO Shares Sold by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd cut its holdings in shares of Oklo Inc. (NYSE:OKLO) by 59.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,220 shares of the company’s stock after selling 38,931 shares during the period. Oklo accounts for approximately 1.0% of Caitong International Asset Management Co. Ltd’s investment portfolio, making the stock its 16th biggest holding. Caitong International Asset Management Co. Ltd’s holdings in Oklo were worth $1,468,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC acquired a new position in shares of Oklo during the first quarter worth $229,000. Bouvel Investment Partners LLC acquired a new position in shares of Oklo during the second quarter worth $2,263,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Oklo by 66.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 68,577 shares of the company’s stock valued at $1,483,000 after acquiring an additional 27,458 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Oklo in the 1st quarter valued at $413,000. Finally, Spire Wealth Management increased its position in shares of Oklo by 14.1% in the 1st 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. 85.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OKLO has been the topic of several research reports. Canaccord Genuity Group initiated coverage on Oklo in a research report on Thursday, October 9th. They issued a “buy” rating and a $175.00 target price on the stock. BNP Paribas raised shares of Oklo to a “strong sell” rating in a report on Friday, July 25th. William Blair reaffirmed an “outperform” rating on shares of Oklo in a report on Tuesday, August 12th. HC Wainwright upped their price target on shares of Oklo from $55.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. 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, eight have issued a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $98.14.

Oklo Stock Up 3.9%

OKLO stock opened at $124.86 on Friday. The company’s 50-day simple moving average is $107.31 and its 200-day simple moving average is $69.29. Oklo Inc. has a 52-week low of $17.14 and a 52-week high of $193.84. The firm has a market cap of $18.43 billion, a P/E ratio of -297.28 and a beta of 0.69.

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). On average, analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Activity at Oklo

In related news, CEO Jacob Dewitte sold 300,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 9,780,098 shares of the company’s stock, valued at approximately $1,097,913,801.48. This trade represents a 2.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm’s 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. 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 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.