Intech Investment Management LLC Buys Shares of 50,109 Oklo Inc. $OKLO

Intech Investment Management LLC purchased a new position in shares of Oklo Inc. (NYSE:OKLO) during the second quarter, Holdings Channel reports. The institutional investor purchased 50,109 shares of the company’s stock, valued at approximately $2,806,000.

Several other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in Oklo in the first quarter worth about $358,000. CWM LLC grew its stake in shares of Oklo by 1,409.1% during the first quarter. CWM LLC now owns 4,980 shares of the company’s stock worth $108,000 after acquiring an additional 4,650 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Oklo during the 1st quarter valued at approximately $1,063,000. IFP Advisors Inc purchased a new position in Oklo in the 1st quarter worth $49,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Oklo in the first quarter worth about $374,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on OKLO shares. Daiwa America upgraded Oklo from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 27th. Canaccord Genuity Group began coverage on Oklo in a research note on Thursday, October 9th. They issued a “buy” rating and a $175.00 price target for the company. Barclays set a $146.00 price target on Oklo in a report on Monday, September 29th. B. Riley increased their price target on Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Finally, BNP Paribas upgraded Oklo to a “strong sell” rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Oklo presently has an average rating of “Hold” and an average target price of $106.29.

Insider Transactions at Oklo

In other news, Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction dated 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 directly owned 150,000 shares in the company, valued at $20,064,000. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $70.09, for a total transaction of $2,900,814.83. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 491,387 shares of company stock worth $52,698,580. Company insiders own 18.90% of the company’s stock.

Oklo Trading Up 6.3%

OKLO stock opened at $102.71 on Thursday. Oklo Inc. has a 12-month low of $17.14 and a 12-month high of $193.84. The business’s 50-day moving average is $124.54 and its 200 day moving average is $82.39. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of -190.21 and a beta of 0.70.

Oklo (NYSE:OKLO) last released its earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter last year, the firm posted ($0.08) earnings per share. As a group, equities analysts forecast 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.