Baird Financial Group Inc. Sells 32,794 Shares of Oklo Inc. $OKLO

Baird Financial Group Inc. cut its stake in Oklo Inc. (NYSE:OKLO) by 15.9% in the second quarter, HoldingsChannel.com reports. The fund owned 173,429 shares of the company’s stock after selling 32,794 shares during the period. Baird Financial Group Inc.’s holdings in Oklo were worth $9,710,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in Oklo by 103.9% in the first quarter. LPL Financial LLC now owns 265,241 shares of the company’s stock worth $5,737,000 after purchasing an additional 135,157 shares during the last quarter. US Bancorp DE boosted its stake in shares of Oklo by 257.1% in the 1st quarter. US Bancorp DE now owns 2,432 shares of the company’s stock worth $53,000 after buying an additional 1,751 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Oklo by 57.8% in the first quarter. PNC Financial Services Group Inc. now owns 10,376 shares of the company’s stock worth $224,000 after acquiring an additional 3,801 shares during the period. Vanguard Group Inc. grew its holdings in shares of Oklo by 0.9% in the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock worth $94,770,000 after acquiring an additional 37,718 shares during the period. Finally, Deutsche Bank AG increased its position in Oklo by 161.7% during the first quarter. Deutsche Bank AG now owns 1,748 shares of the company’s stock valued at $38,000 after acquiring an additional 1,080 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

Oklo Trading Down 0.1%

Shares of OKLO opened at $104.60 on Tuesday. The business’s 50 day moving average is $119.91 and its 200 day moving average is $88.29. Oklo Inc. has a 12-month low of $17.14 and a 12-month high of $193.84. The company has a market capitalization of $16.34 billion, a PE ratio of -193.70 and a beta of 0.73.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same period last year, the company posted ($0.08) earnings per share. Equities research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.

Analyst Ratings Changes

OKLO has been the topic of a number of research reports. Bank of America dropped their price objective on shares of Oklo from $117.00 to $111.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Canaccord Genuity Group started coverage on shares of Oklo in a research note on Thursday, October 9th. They set a “buy” rating and a $175.00 price target on the stock. B. Riley boosted their price objective 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 initiated coverage on Oklo in a report on Thursday, September 25th. They issued a “neutral” rating and a $117.00 target price on the stock. Finally, Barclays set a $146.00 price target on Oklo in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Oklo has a consensus rating of “Hold” and an average price target of $102.87.

Insider Activity at Oklo

In other Oklo news, insider William Carroll Murphy Goodwin sold 11,936 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $101.84, for a total value of $1,215,562.24. Following the sale, the insider owned 8,750 shares in the company, valued at $891,100. The trade was a 57.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Craig Bealmear sold 92,378 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $93.73, for a total value of $8,658,589.94. Following the transaction, the chief financial officer owned 75,738 shares of the company’s stock, valued at approximately $7,098,922.74. The trade was a 54.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 467,800 shares of company stock worth $51,531,823 in the last three months. 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.