Pasadena Private Wealth LLC Invests $201,000 in Oklo Inc. $OKLO

Pasadena Private Wealth LLC purchased a new position in Oklo Inc. (NYSE:OKLO) in the second quarter, HoldingsChannel reports. The firm purchased 3,592 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors also recently made changes to their positions in the stock. Solstein Capital LLC acquired a new stake in shares of Oklo in the 2nd quarter worth approximately $56,000. Envestnet Asset Management Inc. bought a new stake in shares of Oklo in the 2nd quarter worth approximately $329,000. Nisa Investment Advisors LLC bought a new stake in shares of Oklo in the 2nd quarter worth approximately $103,000. Darden Wealth Group Inc bought a new stake in shares of Oklo in the 2nd quarter worth approximately $389,000. Finally, AlphaQuest LLC raised its holdings in shares of Oklo by 461.2% in the 2nd quarter. AlphaQuest LLC now owns 6,740 shares of the company’s stock worth $377,000 after purchasing an additional 5,539 shares in the last quarter. 85.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. BNP Paribas upgraded shares of Oklo to a “strong sell” rating in a report on Friday, July 25th. BNP Paribas Exane assumed coverage on shares of Oklo in a report on Friday, July 25th. They issued an “underperform” rating and a $14.00 target price on the stock. Daiwa Capital Markets upgraded shares of Oklo from a “neutral” rating to an “outperform” rating in a report on Sunday, July 27th. William Blair reiterated an “outperform” rating on shares of Oklo in a report on Tuesday, August 12th. Finally, Bank of America reiterated a “neutral” rating and issued a $117.00 target price (up from $92.00) on shares of Oklo in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Oklo currently has a consensus rating of “Hold” and a consensus target price of $98.14.

Oklo Price Performance

OKLO stock opened at $137.07 on Tuesday. Oklo Inc. has a 52-week low of $17.14 and a 52-week high of $193.84. The company’s 50 day simple moving average is $109.98 and its 200-day simple moving average is $71.55. The firm has a market capitalization of $20.23 billion, a P/E ratio of -326.34 and a beta of 0.69.

Oklo (NYSE:OKLO) last released its quarterly 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). Sell-side analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Activity at Oklo

In other Oklo news, insider William Carroll Murphy Goodwin sold 41,387 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $70.09, for a total value 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 92,378 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $93.73, for a total transaction of $8,658,589.94. Following the completion of the transaction, the chief financial officer owned 75,738 shares in the company, valued at approximately $7,098,922.74. This represents a 54.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 491,387 shares of company stock worth $52,698,580 in the last 90 days. 18.90% of the stock is owned by corporate 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.