Black Swift Group LLC Acquires Shares of 5,000 Oklo Inc. $OKLO

Black Swift Group LLC acquired a new stake in shares of Oklo Inc. (NYSE:OKLO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,000 shares of the company’s stock, valued at approximately $280,000.

Other institutional investors have also bought and sold shares of the company. Caldwell Sutter Capital Inc. bought a new position in Oklo during the second quarter valued at $25,000. Private Trust Co. NA purchased a new stake in Oklo during the 2nd quarter valued at $25,000. Fourth Dimension Wealth LLC lifted its position in Oklo by 125.0% in the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after buying an additional 250 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in Oklo by 107.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock worth $33,000 after buying an additional 305 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Oklo during the second quarter worth $35,000. Institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

OKLO has been the topic of several recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Oklo in a research note on Thursday, September 25th. They issued a “neutral” rating and a $117.00 target price on the stock. Daiwa America upgraded shares of Oklo from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 27th. HC Wainwright increased their price objective on shares of Oklo from $55.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. William Blair reissued an “outperform” rating on shares of Oklo in a research note on Tuesday, August 12th. Finally, BNP Paribas Exane initiated coverage on Oklo in a research report on Friday, July 25th. They issued an “underperform” rating and a $14.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Oklo currently has an average rating of “Hold” and a consensus price target of $98.14.

Oklo Stock Performance

Oklo stock opened at $120.87 on Thursday. The company has a market capitalization of $17.84 billion, a PE ratio of -287.78 and a beta of 0.70. The company has a 50 day moving average price of $118.31 and a 200-day moving average price of $76.79. Oklo Inc. has a fifty-two week low of $17.14 and a fifty-two week high of $193.84.

Oklo (NYSE:OKLO) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). On average, analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Buying and Selling at Oklo

In other news, CFO Richard Craig Bealmear sold 7,622 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $101.44, for a total value of $773,175.68. Following the completion of the sale, the chief financial officer owned 121,913 shares in the company, valued at approximately $12,366,854.72. The trade was a 5.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the completion of the sale, the chief executive officer directly owned 9,780,098 shares of the company’s stock, valued at $1,097,913,801.48. The trade was a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 491,387 shares of company stock valued at $52,698,580 in the last ninety days. 18.90% of the stock is owned by insiders.

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.