SG Americas Securities LLC Boosts Stock Holdings in Oklo Inc. $OKLO

SG Americas Securities LLC boosted its position in Oklo Inc. (NYSE:OKLO) by 485.7% in the second quarter, Holdings Channel.com reports. The firm owned 40,832 shares of the company’s stock after acquiring an additional 33,860 shares during the quarter. SG Americas Securities LLC’s holdings in Oklo were worth $2,286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OKLO. Vanguard Group Inc. lifted its holdings in shares of Oklo by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock valued at $94,770,000 after buying an additional 37,718 shares during the period. Geode Capital Management LLC raised its position in Oklo by 195.9% in the second quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock worth $125,906,000 after acquiring an additional 1,488,482 shares in the last quarter. Compound Planning Inc. lifted its holdings in Oklo by 6.2% in the first quarter. Compound Planning Inc. now owns 964,827 shares of the company’s stock valued at $20,869,000 after acquiring an additional 56,437 shares during the period. Portland Investment Counsel Inc. boosted its position in shares of Oklo by 0.6% during the 1st quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company’s stock worth $17,358,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Oklo by 4,974.1% during the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after purchasing an additional 570,532 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Buying and Selling

In related news, insider William Carroll Murphy Goodwin sold 41,387 shares of Oklo stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Stuart Klein sold 50,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the completion of the transaction, the director directly owned 150,000 shares of the company’s stock, valued at $20,064,000. The trade was a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 491,387 shares of company stock worth $52,698,580 in the last ninety days. 18.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OKLO. HC Wainwright raised their price objective on shares of Oklo from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. William Blair reiterated an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. Daiwa Capital Markets raised Oklo from a “neutral” rating to an “outperform” rating in a research note on Sunday, July 27th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Oklo in a research note on Wednesday, November 12th. Finally, Bank of America reduced their price objective on Oklo from $117.00 to $111.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. 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 given a Sell rating to the company. According to MarketBeat, Oklo currently has an average rating of “Hold” and a consensus target price of $106.29.

Oklo Price Performance

Shares of OKLO opened at $102.71 on Thursday. Oklo Inc. has a 1-year low of $17.14 and a 1-year high of $193.84. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of -190.21 and a beta of 0.70. The firm has a 50 day simple moving average of $124.54 and a 200-day simple moving average of $82.39.

Oklo (NYSE:OKLO) last announced its earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter in the previous year, the business posted ($0.08) earnings per share. On average, equities analysts expect that Oklo Inc. will post -8.2 earnings per share 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.