Thoroughbred Financial Services LLC Acquires New Position in Oklo Inc. $OKLO

Thoroughbred Financial Services LLC bought a new position in shares of Oklo Inc. (NYSE:OKLO) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 32,750 shares of the company’s stock, valued at approximately $1,833,000.

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

Oklo Stock Down 3.6%

Shares of NYSE OKLO opened at $97.95 on Friday. The business has a 50-day moving average price of $123.01 and a 200 day moving average price of $80.86. The stock has a market cap of $15.30 billion, a PE ratio of -181.38 and a beta of 0.70. Oklo Inc. has a 52-week low of $17.14 and a 52-week high of $193.84.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OKLO. B. Riley upped their target price on shares of Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday. BNP Paribas Exane began coverage on shares of Oklo in a research report on Friday, July 25th. They set an “underperform” rating and a $14.00 price objective for the company. Canaccord Genuity Group initiated coverage on Oklo in a report on Thursday, October 9th. They issued a “buy” rating and a $175.00 target price on the stock. Citigroup raised their price target on Oklo from $30.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Finally, William Blair reaffirmed an “outperform” rating on shares of Oklo in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Oklo has an average rating of “Hold” and a consensus target price of $106.29.

Insider Buying and Selling at Oklo

In related news, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Richard Craig Bealmear sold 7,622 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $101.44, for a total value of $773,175.68. Following the sale, the chief financial officer directly owned 121,913 shares of the company’s stock, valued at approximately $12,366,854.72. This represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 491,387 shares of company stock worth $52,698,580 in the last 90 days. Company 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.