Teacher Retirement System of Texas Buys New Position in Oklo Inc. $OKLO

Teacher Retirement System of Texas bought a new stake in Oklo Inc. (NYSE:OKLO) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 10,182 shares of the company’s stock, valued at approximately $570,000.

Several other hedge funds have also made changes to their positions in OKLO. OneDigital Investment Advisors LLC acquired a new position in shares of Oklo during the first quarter worth about $229,000. Bouvel Investment Partners LLC purchased a new position in Oklo in the second quarter worth approximately $2,263,000. AlphaQuest LLC grew its holdings in Oklo by 461.2% during the 2nd quarter. AlphaQuest LLC now owns 6,740 shares of the company’s stock worth $377,000 after acquiring an additional 5,539 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Oklo by 35.4% during the 2nd quarter. Exchange Traded Concepts LLC now owns 198,805 shares of the company’s stock worth $11,131,000 after acquiring an additional 51,970 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Oklo in the 1st quarter valued at approximately $358,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer owned 9,780,098 shares in the company, valued at $1,097,913,801.48. This represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 491,387 shares of company stock valued at $52,698,580 over the last ninety days. 18.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OKLO shares. Cantor Fitzgerald set a $73.00 price objective on shares of Oklo and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. UBS Group set a $175.00 price target on Oklo in a report on Thursday, October 9th. The Goldman Sachs Group started coverage on Oklo in a research report on Thursday, September 25th. They set a “neutral” rating and a $117.00 price objective for the company. Wedbush boosted their target price on Oklo from $80.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, September 22nd. Finally, William Blair reaffirmed an “outperform” rating on shares of Oklo in a 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 issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $98.14.

Oklo Stock Performance

OKLO opened at $112.02 on Friday. Oklo Inc. has a one year low of $17.14 and a one year high of $193.84. The stock has a market capitalization of $16.54 billion, a P/E ratio of -266.71 and a beta of 0.70. The business’s 50-day simple moving average is $119.65 and its 200-day simple moving average is $78.02.

Oklo (NYSE:OKLO) last announced its earnings results on Monday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). On average, equities research analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal 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.