Encompass More Asset Management Invests $3.11 Million in Oklo Inc. $OKLO

Encompass More Asset Management purchased a new position in shares of Oklo Inc. (NYSE:OKLOFree Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 43,292 shares of the company’s stock, valued at approximately $3,107,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its stake in shares of Oklo by 3.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,622 shares of the company’s stock worth $293,000 after purchasing an additional 94 shares in the last quarter. Prestige Wealth Management Group LLC raised its stake in shares of Oklo by 1.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 7,066 shares of the company’s stock worth $789,000 after purchasing an additional 101 shares in the last quarter. Meriwether Wealth & Planning LLC increased its holdings in shares of Oklo by 2.7% during the 4th quarter. Meriwether Wealth & Planning LLC now owns 4,545 shares of the company’s stock valued at $326,000 after acquiring an additional 120 shares during the last quarter. Rossby Financial LCC raised its stake in shares of Oklo by 75.0% in the 3rd quarter. Rossby Financial LCC now owns 350 shares of the company’s stock valued at $41,000 after acquiring an additional 150 shares in the last quarter. Finally, NBC Securities Inc. raised its stake in shares of Oklo by 75.0% in the 4th quarter. NBC Securities Inc. now owns 350 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OKLO has been the topic of a number of recent analyst reports. Texas Capital raised Oklo to a “strong-buy” rating in a research note on Tuesday, January 27th. Cantor Fitzgerald reissued an “overweight” rating and issued a $122.00 price objective on shares of Oklo in a research note on Wednesday, March 18th. The Goldman Sachs Group cut their price objective on Oklo from $91.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. HSBC initiated coverage on Oklo in a research note on Thursday, April 23rd. They issued a “buy” rating and a $96.00 price objective on the stock. Finally, Tigress Financial initiated coverage on Oklo in a research note on Monday, April 27th. They issued a “buy” rating and a $130.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.68.

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Oklo Stock Performance

Shares of OKLO stock opened at $79.85 on Thursday. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of -110.89 and a beta of 1.16. The stock’s 50 day simple moving average is $60.14 and its 200 day simple moving average is $82.08. Oklo Inc. has a twelve month low of $25.70 and a twelve month high of $193.84.

Oklo (NYSE:OKLOGet Free Report) last released its earnings results on Tuesday, March 17th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.10). During the same quarter in the previous year, the business earned ($0.74) earnings per share. On average, analysts forecast that Oklo Inc. will post -0.75 EPS for the current fiscal year.

Insider Buying and Selling at Oklo

In other Oklo news, CFO Richard Craig Bealmear sold 16,342 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $51.08, for a total value of $834,749.36. Following the sale, the chief financial officer owned 386,008 shares of the company’s stock, valued at $19,717,288.64. This trade represents a 4.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider William Carroll Murphy Goodwin sold 2,820 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $56.69, for a total value of $159,865.80. Following the completion of the sale, the insider directly owned 15,991 shares in the company, valued at $906,529.79. This trade represents a 14.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 809,040 shares of company stock valued at $49,162,094 in the last 90 days. 18.90% of the stock is currently owned by insiders.

Oklo Profile

(Free Report)

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.

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Institutional Ownership by Quarter for Oklo (NYSE:OKLO)

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