SG Americas Securities LLC Increases Stake in Oklo Inc. $OKLO

SG Americas Securities LLC lifted its stake in shares of Oklo Inc. (NYSE:OKLO) by 485.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,832 shares of the company’s stock after buying an additional 33,860 shares during the quarter. SG Americas Securities LLC’s holdings in Oklo were worth $2,286,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Oklo by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock worth $94,770,000 after acquiring an additional 37,718 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Oklo by 195.9% during the second quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock worth $125,906,000 after purchasing an additional 1,488,482 shares in the last quarter. Compound Planning Inc. increased its holdings in Oklo by 6.2% in the first 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. raised its stake in Oklo by 0.6% in the first 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 in the last quarter. Finally, Millennium Management LLC raised its stake in Oklo by 4,974.1% in the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after buying an additional 570,532 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Price Performance

OKLO stock opened at $102.71 on Thursday. The company has a market cap of $16.05 billion, a price-to-earnings ratio of -190.21 and a beta of 0.70. The company has a fifty day moving average price of $124.54 and a 200 day moving average price of $82.39. Oklo Inc. has a 12 month low of $17.14 and a 12 month high of $193.84.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter in the prior year, the business posted ($0.08) EPS. As a group, analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on OKLO shares. BNP Paribas Exane assumed coverage on Oklo in a report on Friday, July 25th. They issued an “underperform” rating and a $14.00 price objective on the stock. BNP Paribas upgraded shares of Oklo to a “strong sell” rating in a research note on Friday, July 25th. Cantor Fitzgerald restated an “overweight” rating and set a $122.00 price objective on shares of Oklo in a research report on Wednesday, November 12th. Barclays set a $146.00 target price on shares of Oklo in a report on Monday, September 29th. Finally, Zacks Research lowered shares of Oklo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.29.

Insider Buying and Selling

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction that occurred on Tuesday, September 30th. The stock was 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 in the company, valued at approximately $1,097,913,801.48. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $70.09, for a total value of $2,900,814.83. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 491,387 shares of company stock worth $52,698,580. Insiders own 18.90% of the company’s stock.

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.