Pasadena Private Wealth LLC Acquires New Shares in Oklo Inc. $OKLO

Pasadena Private Wealth LLC bought a new stake in Oklo Inc. (NYSE:OKLO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,592 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caldwell Sutter Capital Inc. purchased a new stake in shares of Oklo during the second quarter worth $25,000. Private Trust Co. NA purchased a new position in Oklo in the second quarter valued at $25,000. KBC Group NV purchased a new position in shares of Oklo during the first quarter worth about $36,000. Deutsche Bank AG lifted its holdings in shares of Oklo by 161.7% in the 1st quarter. Deutsche Bank AG now owns 1,748 shares of the company’s stock valued at $38,000 after purchasing an additional 1,080 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of Oklo by 120.9% in the 1st quarter. Harbour Investments Inc. now owns 1,800 shares of the company’s stock valued at $39,000 after purchasing an additional 985 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Stock Up 0.7%

Shares of OKLO opened at $137.07 on Tuesday. The firm has a market cap of $20.23 billion, a PE ratio of -326.34 and a beta of 0.69. The company’s fifty day moving average is $109.98 and its two-hundred day moving average is $71.55. Oklo Inc. has a fifty-two week low of $17.14 and a fifty-two week high of $193.84.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on OKLO shares. Seaport Res Ptn downgraded Oklo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. BNP Paribas Exane initiated coverage on shares of Oklo in a research note on Friday, July 25th. They set an “underperform” rating and a $14.00 target price for the company. BTIG Research restated a “neutral” rating on shares of Oklo in a research report on Tuesday, August 12th. Zacks Research downgraded shares of Oklo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, William Blair restated an “outperform” rating on shares of Oklo in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $98.14.

Insider Activity

In other news, Director Michael Stuart Klein sold 50,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were 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 owned 150,000 shares of the company’s stock, valued at approximately $20,064,000. The trade was a 25.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following 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. This represents a 2.98% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 491,387 shares of company stock worth $52,698,580. Corporate insiders own 18.90% of the company’s stock.

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.