RWQ Financial Management Services Inc. Buys New Stake in Oklo Inc. $OKLO

RWQ Financial Management Services Inc. bought a new stake in Oklo Inc. (NYSE:OKLO) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 97,354 shares of the company’s stock, valued at approximately $5,451,000. Oklo accounts for 2.3% of RWQ Financial Management Services Inc.’s investment portfolio, making the stock its 15th largest holding.

Several other large investors have also recently made changes to their positions in OKLO. Millennium Management LLC lifted its stake in shares of Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after purchasing an additional 570,532 shares during the period. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Oklo in the 1st quarter valued at $11,674,000. Jump Financial LLC acquired a new position in shares of Oklo in the 1st quarter valued at $6,929,000. Raymond James Financial Inc. lifted its stake 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 period. Finally, Headlands Technologies LLC lifted its stake 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 period. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Trading Up 0.8%

Shares of OKLO opened at $163.41 on Friday. Oklo Inc. has a 12-month low of $15.48 and a 12-month high of $193.84. The firm has a 50-day moving average price of $102.50 and a 200 day moving average price of $66.14. The firm has a market capitalization of $24.12 billion, a P/E ratio of -389.07 and a beta of 0.69.

Oklo (NYSE:OKLO) last announced its quarterly earnings data 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). Equities research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. UBS Group set a $175.00 target price on shares of Oklo in a research note on Thursday, October 9th. Wedbush upped their price objective on shares of Oklo from $80.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Oklo in a research report on Wednesday, October 8th. Barclays set a $146.00 price objective on shares of Oklo in a research report on Monday, September 29th. Finally, Bank of America restated a “neutral” rating and set a $117.00 price objective (up from $92.00) on shares of Oklo in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $98.14.

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the completion of the transaction, the chief executive officer owned 9,780,098 shares of the company’s stock, valued at $1,097,913,801.48. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the transaction, the director directly owned 150,000 shares of the company’s stock, valued at approximately $20,064,000. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 491,387 shares of company stock worth $52,698,580. Company 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.