Perennial Investment Advisors LLC Makes New $253,000 Investment in Oklo Inc. $OKLO

Perennial Investment Advisors LLC acquired a new stake in shares of Oklo Inc. (NYSE:OKLO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,522 shares of the company’s stock, valued at approximately $253,000.

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

Insider Transactions at Oklo

In other news, Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the transaction, the director owned 150,000 shares of the company’s stock, valued at approximately $20,064,000. This represents a 25.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of Oklo stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $70.09, for a total value of $2,900,814.83. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 491,387 shares of company stock valued at $52,698,580. Company insiders own 18.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on OKLO shares. Bank of America dropped their price objective on shares of Oklo from $117.00 to $111.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Zacks Research lowered Oklo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Wedbush reissued an “outperform” rating and set a $150.00 target price on shares of Oklo in a research report on Wednesday, November 12th. UBS Group set a $175.00 price objective on shares of Oklo in a research note on Thursday, October 9th. Finally, BTIG Research reissued a “neutral” rating on shares of Oklo in a research note on Tuesday, August 12th. One equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $106.29.

Oklo Price Performance

Shares of OKLO opened at $102.71 on Thursday. The firm has a market capitalization of $16.05 billion, a price-to-earnings ratio of -190.21 and a beta of 0.70. Oklo Inc. has a 1-year low of $17.14 and a 1-year high of $193.84. The company has a 50-day moving average of $124.54 and a 200 day moving average of $82.39.

Oklo (NYSE:OKLO) last issued its earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same period last year, the firm earned ($0.08) EPS. On average, equities analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal 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.