International Assets Investment Management LLC Takes $384,000 Position in Oklo Inc. $OKLO

International Assets Investment Management LLC acquired a new position in shares of Oklo Inc. (NYSE:OKLO) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,860 shares of the company’s stock, valued at approximately $384,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Spirit of America Management Corp NY lifted its holdings in Oklo by 58.9% in the 2nd quarter. Spirit of America Management Corp NY now owns 27,800 shares of the company’s stock valued at $1,557,000 after purchasing an additional 10,300 shares in the last quarter. RWQ Financial Management Services Inc. acquired a new position in shares of Oklo in the second quarter valued at approximately $5,451,000. Stratos Wealth Partners LTD. lifted its stake in shares of Oklo by 11.3% during the second quarter. Stratos Wealth Partners LTD. now owns 25,820 shares of the company’s stock valued at $1,446,000 after buying an additional 2,625 shares during the period. Private Trust Co. NA acquired a new stake in Oklo during the second quarter worth approximately $25,000. Finally, WJ Wealth Management LLC grew its stake in Oklo by 19.2% in the 2nd quarter. WJ Wealth Management LLC now owns 21,450 shares of the company’s stock worth $1,201,000 after acquiring an additional 3,450 shares during the period. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on OKLO. Bank of America reiterated a “neutral” rating and set a $117.00 target price (up from $92.00) on shares of Oklo in a research report on Tuesday, September 30th. UBS Group set a $175.00 target price on shares of Oklo in a research report on Thursday, October 9th. Wedbush upped their price target 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. William Blair restated an “outperform” rating on shares of Oklo in a report on Tuesday, August 12th. Finally, Citigroup upped their price target on Oklo from $30.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $98.14.

Oklo Stock Performance

Shares of NYSE:OKLO opened at $119.82 on Thursday. The business’s 50-day simple moving average is $106.29 and its 200 day simple moving average is $68.58. The company has a market cap of $17.69 billion, a P/E ratio of -285.29 and a beta of 0.69. Oklo Inc. has a one year low of $17.14 and a one year high of $193.84.

Oklo (NYSE:OKLO) last posted its earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). Analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.

Insiders Place Their Bets

In other 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Craig Bealmear sold 7,622 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $101.44, for a total value of $773,175.68. Following the completion of the transaction, the chief financial officer directly owned 121,913 shares of the company’s stock, valued at $12,366,854.72. This represents a 5.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 491,387 shares of company stock valued at $52,698,580 over the last ninety days. Insiders own 18.90% of the company’s stock.

About Oklo

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.