FORA Capital LLC Sells 50,057 Shares of Oklo Inc. $OKLO

FORA Capital LLC reduced its holdings in Oklo Inc. (NYSE:OKLO) by 35.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 92,164 shares of the company’s stock after selling 50,057 shares during the quarter. FORA Capital LLC’s holdings in Oklo were worth $5,160,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OKLO. US Bancorp DE lifted 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 valued at $53,000 after purchasing an additional 1,751 shares during the period. PNC Financial Services Group Inc. lifted its stake in Oklo by 57.8% in the first quarter. PNC Financial Services Group Inc. now owns 10,376 shares of the company’s stock valued at $224,000 after buying an additional 3,801 shares during the period. Vanguard Group Inc. lifted its stake 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 period. Deutsche Bank AG boosted its holdings in Oklo by 161.7% during the first quarter. Deutsche Bank AG now owns 1,748 shares of the company’s stock worth $38,000 after buying an additional 1,080 shares during the last quarter. Finally, Cresset Asset Management LLC grew its position in shares of Oklo by 22.0% during the 1st quarter. Cresset Asset Management LLC now owns 27,786 shares of the company’s stock worth $601,000 after buying an additional 5,003 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OKLO. Wedbush reiterated an “outperform” rating and issued a $150.00 price target on shares of Oklo in a research report on Wednesday, November 12th. William Blair reiterated an “outperform” rating on shares of Oklo in a report on Wednesday, November 12th. Needham & Company LLC initiated coverage on shares of Oklo in a research report on Friday, December 5th. They set a “buy” rating and a $135.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $122.00 price objective on shares of Oklo in a research report on Wednesday, November 12th. Finally, Barclays set a $146.00 price objective on Oklo in a research note on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.87.

Insider Transactions at Oklo

In related news, insider William Carroll Murphy Goodwin sold 5,864 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $88.42, for a total transaction of $518,494.88. Following the completion of the transaction, the insider directly owned 13,620 shares in the company, valued at approximately $1,204,280.40. This trade represents a 30.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Stuart Klein sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total value of $6,688,000.00. Following the completion of the sale, the director owned 150,000 shares in the company, valued at $20,064,000. The trade was a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 467,800 shares of company stock worth $51,531,823. Company insiders own 18.90% of the company’s stock.

Oklo Stock Down 14.9%

Oklo stock opened at $87.63 on Friday. The company has a 50 day moving average of $118.14 and a 200-day moving average of $89.37. Oklo Inc. has a twelve month low of $17.14 and a twelve month high of $193.84. The stock has a market capitalization of $13.69 billion, a PE ratio of -162.28 and a beta of 0.73.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same period last year, the business posted ($0.08) EPS. Equities analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

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.