Strs Ohio Takes Position in Oklo Inc. $OKLO

Strs Ohio purchased a new position in shares of Oklo Inc. (NYSE:OKLO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,100 shares of the company’s stock, valued at approximately $1,069,000.

Several other hedge funds have also recently modified their holdings of OKLO. OneDigital Investment Advisors LLC purchased a new stake in shares of Oklo in the first quarter valued at about $229,000. Bouvel Investment Partners LLC acquired a new stake in Oklo in the second quarter valued at about $2,263,000. AlphaQuest LLC lifted its position in Oklo by 461.2% in the second quarter. AlphaQuest LLC now owns 6,740 shares of the company’s stock valued at $377,000 after purchasing an additional 5,539 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Oklo in the 1st quarter valued at approximately $254,000. Finally, Exchange Traded Concepts LLC increased its position 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 purchasing an additional 51,970 shares during the period. 85.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Richard Craig Bealmear sold 92,378 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $93.73, for a total value of $8,658,589.94. Following the sale, the chief financial officer owned 75,738 shares of the company’s stock, valued at approximately $7,098,922.74. This represents a 54.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $33,678,000.00. Following the sale, the chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 491,387 shares of company stock valued at $52,698,580. 18.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Citigroup raised their price target on Oklo from $30.00 to $68.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. The Goldman Sachs Group started coverage on Oklo in a report on Thursday, September 25th. They issued a “neutral” rating and a $117.00 target price for the company. BNP Paribas Exane initiated coverage on shares of Oklo in a research note on Friday, July 25th. They set an “underperform” rating and a $14.00 price target on the stock. Wedbush raised their price objective on shares of Oklo from $80.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, September 22nd. Finally, Daiwa America raised shares of Oklo from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $98.14.

Oklo Stock Down 11.9%

Oklo stock opened at $106.80 on Friday. The firm has a market capitalization of $15.76 billion, a PE ratio of -254.28 and a beta of 0.70. Oklo Inc. has a 52 week low of $17.14 and a 52 week high of $193.84. The firm’s 50-day simple moving average is $118.89 and its 200 day simple moving average is $76.99.

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, research analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

About Oklo

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.