Choreo LLC Buys New Shares in Oklo Inc. $OKLO

Choreo LLC purchased a new stake in shares of Oklo Inc. (NYSE:OKLO) during the second quarter, Holdings Channel reports. The fund purchased 7,946 shares of the company’s stock, valued at approximately $445,000.

Several other hedge funds have also recently made changes to their positions in the business. Russell Investments Group Ltd. bought a new stake in shares of Oklo during the 2nd quarter valued at about $1,644,000. J.W. Cole Advisors Inc. lifted its stake in Oklo by 8.1% in the second quarter. J.W. Cole Advisors Inc. now owns 21,113 shares of the company’s stock valued at $1,182,000 after buying an additional 1,587 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Oklo during the 2nd quarter worth approximately $187,000. Financial Advocates Investment Management boosted its holdings in shares of Oklo by 4.2% during the 2nd quarter. Financial Advocates Investment Management now owns 11,387 shares of the company’s stock worth $638,000 after buying an additional 455 shares in the last quarter. Finally, Cornerstone Capital Inc. acquired a new stake in shares of Oklo during the 2nd quarter worth approximately $253,000. 85.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $70.09, for a total transaction of $2,900,814.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Craig Bealmear sold 92,378 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer owned 75,738 shares in the company, valued at approximately $7,098,922.74. This trade represents a 54.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 509,187 shares of company stock valued at $54,432,638 in the last 90 days. Insiders own 18.90% of the company’s stock.

Wall Street Analysts Forecast Growth

OKLO has been the topic of several research analyst reports. Barclays set a $146.00 target price on shares of Oklo in a research note on Monday, September 29th. Zacks Research raised shares of Oklo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Wedbush restated an “outperform” rating and issued a $150.00 target price on shares of Oklo in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oklo in a research note on Wednesday, October 8th. Finally, William Blair reiterated an “outperform” rating on shares of Oklo in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $100.57.

Oklo Stock Performance

Shares of OKLO opened at $96.47 on Thursday. The stock has a 50 day moving average price of $120.42 and a two-hundred day moving average price of $86.50. The firm has a market capitalization of $15.07 billion, a P/E ratio of -178.64 and a beta of 0.73. Oklo Inc. has a 52 week low of $17.14 and a 52 week high of $193.84.

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

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.