Oklo Inc. $OKLO Shares Acquired by Intrua Financial LLC

Intrua Financial LLC boosted its stake in shares of Oklo Inc. (NYSE:OKLO) by 34.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,975 shares of the company’s stock after purchasing an additional 4,600 shares during the quarter. Intrua Financial LLC’s holdings in Oklo were worth $1,006,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OKLO. Caldwell Sutter Capital Inc. acquired a new stake in Oklo in the second quarter valued at $25,000. Private Trust Co. NA purchased a new position in shares of Oklo during the second quarter worth approximately $25,000. Fourth Dimension Wealth LLC grew its position in Oklo by 125.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in Oklo by 107.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock valued at $33,000 after acquiring an additional 305 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Oklo during the second quarter worth approximately $35,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oklo

In other news, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $70.09, for a total value of $2,900,814.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jacob Dewitte sold 300,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 9,780,098 shares in the company, valued at $1,097,913,801.48. This represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 491,387 shares of company stock worth $52,698,580. Corporate insiders own 18.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on OKLO. B. Riley raised their target price on shares of Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday. Daiwa America upgraded shares of Oklo from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 27th. Bank of America lowered their price objective on Oklo from $117.00 to $111.00 and set a “neutral” rating on the stock in a report on Wednesday. BNP Paribas upgraded Oklo to a “strong sell” rating in a research report on Friday, July 25th. Finally, Daiwa Capital Markets raised Oklo from a “neutral” rating to an “outperform” rating in a research note on Sunday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Oklo currently has a consensus rating of “Hold” and a consensus price target of $106.29.

Oklo Trading Down 8.5%

Shares of Oklo stock opened at $101.72 on Friday. The company has a 50-day moving average of $122.45 and a two-hundred day moving average of $79.96. The stock has a market cap of $15.01 billion, a PE ratio of -188.37 and a beta of 0.70. Oklo Inc. has a 12-month low of $17.14 and a 12-month high of $193.84.

Oklo (NYSE:OKLO) last released 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 last year, the business posted ($0.08) earnings per share. On average, sell-side analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

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.