SCS Capital Management LLC Acquires Shares of 6,241 Oklo Inc. $OKLO

SCS Capital Management LLC bought a new position in shares of Oklo Inc. (NYSE:OKLO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,241 shares of the company’s stock, valued at approximately $349,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Caldwell Sutter Capital Inc. acquired a new position in Oklo during the 2nd quarter worth about $25,000. Private Trust Co. NA acquired a new stake in Oklo in the 2nd quarter valued at about $25,000. Fourth Dimension Wealth LLC raised its stake in shares of 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 acquiring an additional 250 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Oklo in the second quarter worth about $28,000. Finally, Creative Financial Designs Inc. ADV lifted its position 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 worth $33,000 after purchasing an additional 305 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OKLO has been the topic of several research analyst reports. Canaccord Genuity Group began coverage on shares of Oklo in a research note on Thursday, October 9th. They set a “buy” rating and a $175.00 price target on the stock. Bank of America decreased their price objective on Oklo from $117.00 to $111.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. HC Wainwright lifted their target price on Oklo from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Wedbush restated an “outperform” rating and set a $150.00 target price on shares of Oklo in a research report on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oklo in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $102.87.

Insider Buying and Selling

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $112.26, for a total value of $33,678,000.00. Following the completion of the sale, the chief executive officer owned 9,780,098 shares of the company’s stock, valued at approximately $1,097,913,801.48. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William Carroll Murphy Goodwin sold 11,936 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $101.84, for a total value of $1,215,562.24. Following the completion of the sale, the insider owned 8,750 shares of the company’s stock, valued at $891,100. This trade represents a 57.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 467,800 shares of company stock valued at $51,531,823 over the last 90 days. 18.90% of the stock is owned by corporate insiders.

Oklo Stock Performance

OKLO opened at $104.46 on Monday. The company has a fifty day moving average price of $120.15 and a two-hundred day moving average price of $87.83. The firm has a market capitalization of $16.32 billion, a PE ratio of -193.44 and a beta of 0.73. Oklo Inc. has a 52 week low of $17.14 and a 52 week high of $193.84.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter in the prior year, the business earned ($0.08) earnings per share. Equities analysts forecast that Oklo Inc. will post -8.2 EPS for the current 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.