Marex Group plc Acquires New Stake in Oklo Inc. $OKLO

Marex Group plc acquired a new stake in Oklo Inc. (NYSE:OKLO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 308,040 shares of the company’s stock, valued at approximately $17,247,000. Oklo comprises approximately 0.1% of Marex Group plc’s portfolio, making the stock its 22nd biggest position. Marex Group plc owned approximately 0.21% of Oklo as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caldwell Sutter Capital Inc. bought a new position in shares of Oklo in the second quarter worth about $25,000. Private Trust Co. NA purchased a new stake in Oklo in the 2nd quarter valued at about $25,000. Fourth Dimension Wealth LLC grew its stake in Oklo by 125.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Oklo during the second quarter worth approximately $28,000. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of Oklo by 107.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock valued at $33,000 after acquiring an additional 305 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors.

Oklo Price Performance

Shares of NYSE OKLO opened at $87.63 on Friday. Oklo Inc. has a 1-year low of $17.14 and a 1-year high of $193.84. The business has a fifty day moving average price of $118.14 and a 200 day moving average price of $89.37. The stock has a market capitalization of $13.69 billion, a P/E ratio of -162.28 and a beta of 0.73.

Oklo (NYSE:OKLO) last posted its earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter in the prior year, the firm posted ($0.08) earnings per share. As a group, equities research analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Richard Craig Bealmear sold 92,378 shares of the 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 completion of the sale, the chief financial officer owned 75,738 shares of the company’s stock, valued at $7,098,922.74. This represents a 54.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William Carroll Murphy Goodwin sold 11,936 shares of Oklo stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $101.84, for a total transaction of $1,215,562.24. Following the completion of the transaction, the insider directly owned 8,750 shares in the company, valued at $891,100. This represents a 57.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 467,800 shares of company stock worth $51,531,823. Insiders own 18.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on OKLO shares. B. Riley increased their price objective on Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Bank of America dropped their price target on Oklo from $117.00 to $111.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Barclays set a $146.00 price objective on Oklo in a report on Monday, September 29th. Canaccord Genuity Group assumed coverage on shares of Oklo in a report on Thursday, October 9th. They set a “buy” rating and a $175.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on shares of Oklo in a research report on Thursday, September 25th. They set a “neutral” rating and a $117.00 target price on the stock. Two investment 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 given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $102.87.

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.