Solstein Capital LLC Purchases New Position in Oklo Inc. $OKLO

Solstein Capital LLC purchased a new stake in Oklo Inc. (NYSE:OKLO) in the 2nd quarter, HoldingsChannel reports. The firm purchased 1,000 shares of the company’s stock, valued at approximately $56,000.

Other large investors have also made changes to their positions in the company. Caldwell Sutter Capital Inc. bought a new stake in shares of Oklo in the 2nd quarter valued at approximately $25,000. Private Trust Co. NA bought a new stake in shares of Oklo in the 2nd quarter valued at approximately $25,000. KBC Group NV bought a new stake in shares of Oklo in the 1st quarter valued at approximately $36,000. Deutsche Bank AG grew its stake in shares of Oklo by 161.7% in the 1st quarter. Deutsche Bank AG now owns 1,748 shares of the company’s stock valued at $38,000 after buying an additional 1,080 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Oklo by 120.9% in the 1st quarter. Harbour Investments Inc. now owns 1,800 shares of the company’s stock valued at $39,000 after buying an additional 985 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

Oklo Trading Up 0.7%

OKLO opened at $137.07 on Tuesday. Oklo Inc. has a 1-year low of $17.14 and a 1-year high of $193.84. The stock has a market capitalization of $20.23 billion, a price-to-earnings ratio of -326.34 and a beta of 0.69. The business has a 50 day moving average of $109.98 and a 200-day moving average of $71.55.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Equities analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on OKLO shares. The Goldman Sachs Group started coverage on Oklo in a research note on Thursday, September 25th. They issued a “neutral” rating and a $117.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of Oklo in a research report on Tuesday, August 12th. Bank of America reaffirmed a “neutral” rating and set a $117.00 target price (up previously from $92.00) on shares of Oklo in a research report on Tuesday, September 30th. Seaport Res Ptn cut Oklo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, Daiwa Capital Markets raised Oklo from a “neutral” rating to an “outperform” rating in a research report on Sunday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $98.14.

Insider Transactions at Oklo

In related news, CFO Richard Craig Bealmear sold 92,378 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $93.73, for a total value of $8,658,589.94. Following the completion of the transaction, the chief financial officer directly owned 75,738 shares in the company, valued at approximately $7,098,922.74. This represents a 54.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Stuart Klein sold 50,000 shares of the company’s stock in a transaction on 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 transaction, the director owned 150,000 shares of the company’s stock, valued at $20,064,000. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 491,387 shares of company stock valued at $52,698,580. Company insiders own 18.90% of the company’s stock.

Oklo Company 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.