Strs Ohio Acquires New Position in Oklo Inc. $OKLO

Strs Ohio purchased a new stake in Oklo Inc. (NYSE:OKLO) in the 2nd quarter, Holdings Channel reports. The firm purchased 19,100 shares of the company’s stock, valued at approximately $1,069,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Management LLC boosted its position in shares of Oklo by 4,974.1% in the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after acquiring an additional 570,532 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in Oklo during the first quarter worth approximately $11,674,000. Jump Financial LLC purchased a new position in Oklo during the first quarter worth approximately $6,929,000. Raymond James Financial Inc. boosted its holdings in shares of Oklo by 202.6% in the 1st quarter. Raymond James Financial Inc. now owns 314,794 shares of the company’s stock valued at $6,809,000 after purchasing an additional 210,755 shares during the last quarter. Finally, Headlands Technologies LLC boosted its holdings in shares of Oklo by 2,120.2% in the 1st quarter. Headlands Technologies LLC now owns 218,820 shares of the company’s stock valued at $4,733,000 after purchasing an additional 208,964 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Activity

In related 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 sale, the chief financial officer owned 121,913 shares of the company’s stock, valued at $12,366,854.72. The trade was a 5.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 491,387 shares of company stock worth $52,698,580. Company insiders own 18.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on OKLO. BNP Paribas Exane assumed coverage on Oklo in a report on Friday, July 25th. They set an “underperform” rating and a $14.00 price objective for the company. Barclays set a $146.00 price target on Oklo in a research report on Monday, September 29th. Cantor Fitzgerald set a $73.00 price objective on Oklo and gave the stock an “overweight” rating in a report on Tuesday, July 15th. BTIG Research reiterated a “neutral” rating on shares of Oklo in a report on Tuesday, August 12th. Finally, Zacks Research downgraded shares of Oklo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $98.14.

Oklo Price Performance

Shares of NYSE OKLO opened at $106.80 on Friday. Oklo Inc. has a 1-year low of $17.14 and a 1-year high of $193.84. The business has a 50-day moving average of $118.89 and a 200-day moving average of $76.99. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of -254.28 and a beta of 0.70.

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

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.