Avenir Tech Ltd Takes $4.87 Million Position in Oklo Inc. $OKLO

Avenir Tech Ltd acquired a new position in shares of Oklo Inc. (NYSE:OKLO) during the 2nd quarter, Holdings Channel reports. The firm acquired 87,050 shares of the company’s stock, valued at approximately $4,874,000. Oklo accounts for about 0.4% of Avenir Tech Ltd’s investment portfolio, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Caldwell Sutter Capital Inc. bought a new position in Oklo during the second quarter worth about $25,000. Private Trust Co. NA bought a new stake in Oklo in the second quarter valued at approximately $25,000. Fourth Dimension Wealth LLC lifted its position in shares of Oklo by 125.0% in the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after buying an additional 250 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Oklo in the second quarter valued at approximately $28,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Oklo by 107.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock worth $33,000 after acquiring an additional 305 shares during the period. 85.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Oklo news, insider William Carroll Murphy Goodwin sold 5,864 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $88.42, for a total transaction of $518,494.88. Following the transaction, the insider owned 13,620 shares in the company, valued at $1,204,280.40. This trade represents a 30.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 9,780,098 shares of the company’s stock, valued at $1,097,913,801.48. This represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 467,800 shares of company stock worth $51,531,823. 18.90% of the stock is owned by corporate insiders.

Oklo Stock Performance

NYSE:OKLO opened at $104.60 on Tuesday. Oklo Inc. has a 52 week low of $17.14 and a 52 week high of $193.84. The firm’s 50-day simple moving average is $119.91 and its 200 day simple moving average is $88.29. The firm has a market cap of $16.34 billion, a price-to-earnings ratio of -193.70 and a beta of 0.73.

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 analysts’ consensus estimates of ($0.13) by ($0.07). During the same period in the previous year, the business posted ($0.08) EPS. Sell-side analysts anticipate that Oklo Inc. will post -8.2 EPS for the current year.

Analysts Set New Price Targets

OKLO has been the topic of a number of research analyst reports. Barclays set a $146.00 price target on Oklo in a research note on Monday, September 29th. Seaport Res Ptn downgraded shares of Oklo from a “strong-buy” rating to a “hold” rating in a report 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. Canaccord Genuity Group began coverage on shares of Oklo in a report on Thursday, October 9th. They set a “buy” rating and a $175.00 target price for the company. Finally, HC Wainwright upped their price target 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. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Oklo presently has a consensus rating of “Hold” and a consensus target price of $102.87.

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.