2,500 Shares in Oklo Inc. $OKLO Acquired by Flaharty Asset Management LLC

Flaharty Asset Management LLC purchased a new stake in shares of Oklo Inc. (NYSE:OKLO) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,500 shares of the company’s stock, valued at approximately $54,000.

Other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Oklo by 5.7% during the 4th quarter. Barclays PLC now owns 7,666 shares of the company’s stock worth $163,000 after buying an additional 416 shares during the period. Signaturefd LLC raised its holdings in Oklo by 5.4% in the 1st quarter. Signaturefd LLC now owns 8,962 shares of the company’s stock worth $194,000 after acquiring an additional 462 shares during the period. Spire Wealth Management lifted its position in Oklo by 14.1% during the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company’s stock worth $84,000 after acquiring an additional 481 shares during the last quarter. Sowell Financial Services LLC boosted its holdings in Oklo by 5.4% during the first quarter. Sowell Financial Services LLC now owns 15,275 shares of the company’s stock valued at $330,000 after acquiring an additional 782 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of Oklo by 120.9% in the first quarter. Harbour Investments Inc. now owns 1,800 shares of the company’s stock valued at $39,000 after purchasing an additional 985 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

Insider Activity

In other news, CEO Jacob Dewitte sold 300,000 shares of the firm’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the completion of the transaction, the chief executive officer directly owned 10,105,098 shares of the company’s stock, valued at approximately $557,801,409.60. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Stuart Klein sold 150,000 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $62.74, for a total transaction of $9,411,000.00. Following the completion of the sale, the director directly owned 250,000 shares in the company, valued at approximately $15,685,000. The trade was a 37.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 641,387 shares of company stock worth $37,967,315. 18.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. CLSA raised Oklo from an “outperform” rating to a “moderate buy” rating and boosted their price objective for the stock from $50.00 to $74.00 in a research report on Tuesday, May 27th. Cantor Fitzgerald set a $73.00 price target on Oklo and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Wedbush raised their price objective on shares of Oklo from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. UBS Group began coverage on shares of Oklo in a research report on Wednesday, August 20th. They set a “neutral” rating and a $65.00 target price on the stock. Finally, Craig Hallum downgraded shares of Oklo from a “buy” rating to a “hold” rating and set a $59.00 price target for the company. in a report on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

Oklo Trading Down 0.3%

Shares of NYSE:OKLO opened at $73.77 on Thursday. The firm has a market capitalization of $10.89 billion, a PE ratio of -175.63 and a beta of 0.59. Oklo Inc. has a 1-year low of $5.81 and a 1-year high of $85.35. The business’s 50 day moving average is $69.50 and its 200-day moving average is $47.42.

Oklo (NYSE:OKLO) last issued its earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). On average, sell-side analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Oklo 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.