Savant Capital LLC Takes Position in Oklo Inc. $OKLO

Savant Capital LLC bought a new stake in shares of Oklo Inc. (NYSE:OKLO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,819 shares of the company’s stock, valued at approximately $326,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Oklo by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock valued at $94,770,000 after purchasing an additional 37,718 shares during the period. Compound Planning Inc. raised its holdings in Oklo by 6.2% during the 1st quarter. Compound Planning Inc. now owns 964,827 shares of the company’s stock valued at $20,869,000 after buying an additional 56,437 shares during the last quarter. Portland Investment Counsel Inc. boosted its position in Oklo by 0.6% during the 1st quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company’s stock valued at $17,358,000 after buying an additional 5,000 shares during the period. Millennium Management LLC grew its holdings in Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after acquiring an additional 570,532 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new stake in Oklo in the 1st quarter worth $11,674,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America dropped their target price on shares of Oklo from $117.00 to $111.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. UBS Group set a $175.00 price target on Oklo in a research report on Thursday, October 9th. Citigroup lifted their price objective on Oklo from $30.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Wedbush reissued an “outperform” rating and set a $150.00 target price on shares of Oklo in a research note on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oklo in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $106.29.

Oklo Stock Performance

Oklo stock opened at $95.68 on Tuesday. Oklo Inc. has a fifty-two week low of $17.14 and a fifty-two week high of $193.84. The stock’s 50 day simple moving average is $123.52 and its two-hundred day simple moving average is $81.75. The stock has a market cap of $14.95 billion, a price-to-earnings ratio of -177.18 and a beta of 0.70.

Oklo (NYSE:OKLO) last announced its earnings results on Tuesday, November 11th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same period in the previous year, the company earned ($0.08) earnings per share. On average, analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Transactions at Oklo

In other news, Director Michael Stuart Klein sold 50,000 shares of the company’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 sale, the director directly owned 150,000 shares of the company’s stock, valued at $20,064,000. This represents a 25.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 491,387 shares of company stock worth $52,698,580 in the last ninety days. 18.90% of the stock is owned by company 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.