Banque Transatlantique SA Has $2.67 Million Stock Position in Oklo Inc. $OKLO

Banque Transatlantique SA increased its holdings in shares of Oklo Inc. (NYSE:OKLO) by 19,488.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 48,970 shares of the company’s stock after purchasing an additional 48,720 shares during the period. Banque Transatlantique SA’s holdings in Oklo were worth $2,667,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

OKLO has been the topic of several research analyst reports. Citigroup reissued a “neutral” rating on shares of Oklo in a research report on Monday, November 24th. Seaport Res Ptn raised shares of Oklo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. The Goldman Sachs Group initiated coverage on Oklo in a report on Thursday, September 25th. They set a “neutral” rating and a $117.00 price objective for the company. Canaccord Genuity Group started coverage on Oklo in a research report on Thursday, October 9th. They issued a “buy” rating and a $175.00 target price on the stock. Finally, Bank of America dropped their price target on Oklo from $117.00 to $111.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Oklo presently has a consensus rating of “Hold” and an average price target of $102.87.

Insider Activity

In related news, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the sale, the chief executive officer owned 9,780,098 shares in the company, valued at approximately $1,097,913,801.48. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard Craig Bealmear sold 92,378 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were 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 of the company’s stock, valued at approximately $7,098,922.74. This represents a 54.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 467,800 shares of company stock valued at $51,531,823 in the last 90 days. 18.90% of the stock is owned by corporate insiders.

Oklo Price Performance

Shares of NYSE OKLO opened at $87.63 on Friday. The business has a fifty day moving average price of $118.14 and a two-hundred day moving average price of $89.12. The stock has a market capitalization of $13.69 billion, a PE ratio of -162.28 and a beta of 0.73. Oklo Inc. has a fifty-two week low of $17.14 and a fifty-two week high of $193.84.

Oklo (NYSE:OKLO) last issued its quarterly earnings results 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 in the prior year, the company posted ($0.08) earnings per share. On average, equities analysts expect that Oklo Inc. will post -8.2 EPS for the current 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.