Oklo Inc. $OKLO Shares Sold by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd decreased its holdings in Oklo Inc. (NYSE:OKLO) by 59.8% in the second quarter, Holdings Channel reports. The fund owned 26,220 shares of the company’s stock after selling 38,931 shares during the period. Oklo accounts for approximately 1.0% of Caitong International Asset Management Co. Ltd’s investment portfolio, making the stock its 16th largest holding. Caitong International Asset Management Co. Ltd’s holdings in Oklo were worth $1,468,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA acquired a new stake in shares of Oklo during the 2nd quarter worth approximately $25,000. Caldwell Sutter Capital Inc. acquired a new stake in shares of Oklo during the 2nd quarter worth approximately $25,000. ORG Partners LLC increased its holdings in shares of Oklo by 281.0% during the 2nd quarter. ORG Partners LLC now owns 800 shares of the company’s stock worth $41,000 after buying an additional 590 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in shares of Oklo by 7,190.9% during the 2nd quarter. FNY Investment Advisers LLC now owns 802 shares of the company’s stock worth $44,000 after buying an additional 791 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in shares of Oklo during the 2nd quarter worth approximately $57,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Activity

In other news, CFO Richard Craig Bealmear sold 7,622 shares of Oklo stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $101.44, for a total transaction of $773,175.68. Following the completion of the sale, the chief financial officer directly owned 121,913 shares of the company’s stock, valued at approximately $12,366,854.72. The trade was a 5.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of Oklo 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 sale, the chief executive officer directly owned 9,780,098 shares of the company’s stock, valued at approximately $1,097,913,801.48. This trade represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 491,387 shares of company stock valued at $52,698,580 in the last 90 days. Company insiders own 18.90% of the company’s stock.

Oklo Stock Up 3.9%

Shares of OKLO stock opened at $124.86 on Friday. The stock has a market capitalization of $18.43 billion, a PE ratio of -297.28 and a beta of 0.69. The firm has a 50 day moving average of $107.31 and a two-hundred day moving average of $69.29. 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 data 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). Analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OKLO. William Blair reiterated an “outperform” rating on shares of Oklo in a report on Tuesday, August 12th. Cantor Fitzgerald set a $73.00 target price on shares of Oklo and gave the company an “overweight” rating in a report on Tuesday, July 15th. Daiwa Capital Markets upgraded shares of Oklo from a “neutral” rating to an “outperform” rating in a report on Sunday, July 27th. The Goldman Sachs Group began coverage on shares of Oklo in a report on Thursday, September 25th. They issued a “neutral” rating and a $117.00 target price for the company. Finally, BNP Paribas upgraded shares of Oklo to a “strong sell” rating in a report on Friday, July 25th. One research 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $98.14.

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.