Joule Financial LLC Sells 218 Shares of Oklo Inc. $OKLO

Joule Financial LLC cut its holdings in Oklo Inc. (NYSE:OKLO) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,228 shares of the company’s stock after selling 218 shares during the period. Joule Financial LLC’s holdings in Oklo were worth $965,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. MRA Advisory Group lifted its position in shares of Oklo by 2.8% during the second quarter. MRA Advisory Group now owns 9,770 shares of the company’s stock worth $547,000 after acquiring an additional 266 shares in the last quarter. Caldwell Sutter Capital Inc. bought a new stake in shares of Oklo during the 2nd quarter valued at $25,000. Signaturefd LLC lifted its holdings in Oklo by 5.4% during the 1st quarter. Signaturefd LLC now owns 8,962 shares of the company’s stock worth $194,000 after purchasing an additional 462 shares in the last quarter. Spire Wealth Management boosted its stake in Oklo by 14.1% in the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company’s stock worth $84,000 after purchasing an additional 481 shares during the period. Finally, Intrua Financial LLC grew its holdings in Oklo by 4.2% during the 1st quarter. Intrua Financial LLC now owns 13,375 shares of the company’s stock valued at $289,000 after buying an additional 535 shares in the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Stock Down 1.1%

Shares of Oklo stock opened at $127.41 on Monday. The business has a 50 day moving average of $87.18 and a 200 day moving average of $57.77. The company has a market cap of $18.81 billion, a PE ratio of -303.35 and a beta of 0.69. Oklo Inc. has a 52 week low of $9.01 and a 52 week high of $144.49.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.06). On average, research analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Buying and Selling at Oklo

In other news, insider William Carroll Murphy Goodwin sold 41,387 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $70.09, for a total transaction of $2,900,814.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Stuart Klein sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total value of $6,688,000.00. Following the completion of the transaction, the director directly owned 150,000 shares in the company, valued at $20,064,000. This trade represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 491,387 shares of company stock valued at $52,698,580 over the last ninety days. Company insiders own 18.90% of the company’s stock.

Wall Street Analyst Weigh In

OKLO has been the topic of a number of recent analyst reports. Craig Hallum downgraded shares of Oklo from a “buy” rating to a “hold” rating and set a $59.00 price target on the stock. in a report on Monday, June 23rd. Cantor Fitzgerald set a $73.00 target price on shares of Oklo and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Weiss Ratings restated a “sell (d)” rating on shares of Oklo in a research report on Saturday, September 27th. BTIG Research reaffirmed a “neutral” rating on shares of Oklo in a report on Tuesday, August 12th. Finally, BNP Paribas Exane assumed coverage on Oklo in a research note on Friday, July 25th. They issued an “underperform” rating and a $14.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $83.77.

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.