Crescent Grove Advisors LLC Makes New Investment in Oklo Inc. $OKLO

Crescent Grove Advisors LLC acquired a new stake in Oklo Inc. (NYSE:OKLO) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,988 shares of the company’s stock, valued at approximately $335,000.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Oklo by 0.9% in the first 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 last quarter. Geode Capital Management LLC boosted its position in shares of Oklo by 195.9% during the 2nd 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. increased its holdings in shares of Oklo by 6.2% in the 1st 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 last quarter. Portland Investment Counsel Inc. raised 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 acquiring an additional 5,000 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Oklo by 4,974.1% during the first 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 last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total value of $33,678,000.00. Following the sale, the chief executive officer owned 9,780,098 shares of the company’s stock, valued at $1,097,913,801.48. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Stuart Klein sold 50,000 shares of the business’s 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 owned 150,000 shares in the company, valued at approximately $20,064,000. This trade represents a 25.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 467,800 shares of company stock valued at $51,531,823. Corporate insiders own 18.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on OKLO. Seaport Res Ptn lowered shares of Oklo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Zacks Research raised shares of Oklo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. B. Riley boosted their price target on shares of Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. The Goldman Sachs Group assumed coverage on Oklo in a report on Thursday, September 25th. They set a “neutral” rating and a $117.00 price objective on the stock. Finally, Canaccord Genuity Group started coverage on Oklo in a research report on Thursday, October 9th. They set a “buy” rating and a $175.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $100.57.

Oklo Stock Up 15.4%

NYSE OKLO opened at $111.50 on Friday. The firm has a market cap of $17.42 billion, a P/E ratio of -206.48 and a beta of 0.73. Oklo Inc. has a 52-week low of $17.14 and a 52-week high of $193.84. The business’s 50-day moving average price is $120.26 and its 200 day moving average price is $86.68.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Wednesday, November 12th. 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 in the prior year, the business earned ($0.08) earnings per share. As a group, analysts anticipate 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.