Joule Financial LLC Decreases Holdings in Oklo Inc. (NYSE:OKLO)

Joule Financial LLC decreased its stake in Oklo Inc. (NYSE:OKLO) by 81.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,446 shares of the company’s stock after selling 75,014 shares during the quarter. Joule Financial LLC’s holdings in Oklo were worth $377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of OKLO. Barclays PLC lifted its stake in Oklo by 5.7% in the 4th quarter. Barclays PLC now owns 7,666 shares of the company’s stock valued at $163,000 after buying an additional 416 shares in the last quarter. Ancora Advisors LLC increased its stake in Oklo by 18.2% during the 4th quarter. Ancora Advisors LLC now owns 4,610 shares of the company’s stock worth $98,000 after buying an additional 710 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of Oklo during the fourth quarter valued at approximately $27,000. CoreCap Advisors LLC acquired a new position in shares of Oklo during the fourth quarter valued at approximately $32,000. Finally, Sandy Spring Bank purchased a new position in shares of Oklo in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Stock Performance

Shares of Oklo stock opened at $50.30 on Friday. The business’s 50 day moving average price is $31.89 and its 200 day moving average price is $30.44. The company has a market cap of $7.00 billion, a price-to-earnings ratio of -9.30 and a beta of 0.58. Oklo Inc. has a one year low of $5.35 and a one year high of $59.14.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. On average, analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on OKLO shares. BTIG Research assumed coverage on Oklo in a research report on Friday, April 11th. They set a “neutral” rating for the company. William Blair started coverage on Oklo in a report on Wednesday, May 28th. They issued an “outperform” rating on the stock. CLSA raised shares of Oklo from an “outperform” rating to a “moderate buy” rating and upped their target price for the stock from $50.00 to $74.00 in a report on Tuesday, May 27th. Citigroup reiterated a “neutral” rating on shares of Oklo in a research report on Wednesday, May 14th. Finally, HC Wainwright began coverage on shares of Oklo in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $55.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.67.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 41,000 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the transaction, the chief executive officer now directly owns 10,852,926 shares in the company, valued at approximately $236,593,786.80. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John M. Jansen bought 6,000 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were acquired at an average cost of $24.57 per share, with a total value of $147,420.00. Following the purchase, the director now owns 6,000 shares of the company’s stock, valued at $147,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is owned by insiders.

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.