PFG Advisors Invests $358,000 in Oklo Inc. $OKLO

PFG Advisors bought a new position in Oklo Inc. (NYSE:OKLO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,397 shares of the company’s stock, valued at approximately $358,000.

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

Oklo Price Performance

Shares of NYSE OKLO opened at $104.00 on Wednesday. Oklo Inc. has a one year low of $17.14 and a one year high of $193.84. The business’s 50-day moving average price is $121.03 and its two-hundred day moving average price is $79.59. The company has a market capitalization of $15.35 billion, a P/E ratio of -247.61 and a beta of 0.70.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. BNP Paribas upgraded Oklo to a “strong sell” rating in a report on Friday, July 25th. Bank of America reissued a “neutral” rating and issued a $117.00 target price (up from $92.00) on shares of Oklo in a research report on Tuesday, September 30th. Wedbush upped their price target on shares of Oklo from $80.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, September 22nd. Cantor Fitzgerald set a $73.00 price objective on shares of Oklo and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Finally, William Blair reiterated an “outperform” rating on shares of Oklo in a research report on Tuesday, August 12th. One 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 stock. According to data from MarketBeat, Oklo currently has a consensus rating of “Hold” and a consensus target price of $98.14.

Insider Buying and Selling at Oklo

In other Oklo news, Director Michael Stuart Klein sold 50,000 shares of Oklo 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 sale, the director directly owned 150,000 shares in the company, valued at $20,064,000. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Craig Bealmear sold 92,378 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $93.73, for a total transaction of $8,658,589.94. Following the completion of the sale, the chief financial officer directly owned 75,738 shares of the company’s stock, valued at $7,098,922.74. This represents a 54.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 491,387 shares of company stock worth $52,698,580 in the last ninety days. 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.