Police & Firemen s Retirement System of New Jersey Buys Shares of 23,219 Oklo Inc. $OKLO

Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Oklo Inc. (NYSE:OKLO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 23,219 shares of the company’s stock, valued at approximately $1,300,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in OKLO. Caldwell Sutter Capital Inc. acquired a new position in shares of Oklo in the second quarter valued at approximately $25,000. Private Trust Co. NA bought a new stake in Oklo during the 2nd quarter worth approximately $25,000. Fourth Dimension Wealth LLC grew its holdings in Oklo by 125.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in Oklo by 107.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock valued at $33,000 after acquiring an additional 305 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Oklo in the 2nd quarter valued at approximately $35,000. 85.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Michael Stuart Klein sold 50,000 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the transaction, the director owned 150,000 shares in the company, valued at $20,064,000. The trade was a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total transaction 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 represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 503,323 shares of company stock valued at $53,914,143 over the last 90 days. 18.90% of the stock is currently owned by corporate insiders.

Oklo Trading Up 0.2%

OKLO stock opened at $88.17 on Friday. The firm has a market cap of $13.78 billion, a PE ratio of -163.28 and a beta of 0.70. The stock has a 50-day moving average price of $124.82 and a 200-day moving average price of $82.87. Oklo Inc. has a 1-year low of $17.14 and a 1-year high of $193.84.

Oklo (NYSE:OKLO) last announced its earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter in the prior year, the company posted ($0.08) earnings per share. On average, analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OKLO. BNP Paribas upgraded shares of Oklo to a “strong sell” rating in a report on Friday, July 25th. Seaport Res Ptn lowered Oklo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Zacks Research raised Oklo from a “strong sell” rating to a “hold” rating in a report on Wednesday. William Blair reiterated an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. Finally, Daiwa Capital Markets upgraded Oklo from a “neutral” rating to an “outperform” rating in a research report on Sunday, July 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Oklo has an average rating of “Hold” and an average target price of $106.29.

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.