Carbahal Olsen Financial Services Group LLC Purchases Shares of 5,000 Oklo Inc. $OKLO

Carbahal Olsen Financial Services Group LLC purchased a new stake in shares of Oklo Inc. (NYSE:OKLO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,000 shares of the company’s stock, valued at approximately $280,000. Oklo makes up 0.2% of Carbahal Olsen Financial Services Group LLC’s investment portfolio, making the stock its 29th largest position.

A number of other large investors have also added to or reduced their stakes in OKLO. Caldwell Sutter Capital Inc. purchased a new stake in Oklo during the second quarter valued at about $25,000. KBC Group NV purchased a new stake in Oklo during the first quarter valued at about $36,000. Deutsche Bank AG raised its position in Oklo by 161.7% during the first quarter. Deutsche Bank AG now owns 1,748 shares of the company’s stock valued at $38,000 after purchasing an additional 1,080 shares in the last quarter. Harbour Investments Inc. raised its position in Oklo by 120.9% during the first quarter. Harbour Investments Inc. now owns 1,800 shares of the company’s stock valued at $39,000 after purchasing an additional 985 shares in the last quarter. Finally, ORG Partners LLC raised its position in Oklo by 281.0% during the second quarter. ORG Partners LLC now owns 800 shares of the company’s stock valued at $41,000 after purchasing an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Price Performance

NYSE OKLO opened at $147.32 on Monday. The stock has a market capitalization of $21.75 billion, a PE ratio of -350.75 and a beta of 0.69. Oklo Inc. has a 1 year low of $9.01 and a 1 year high of $161.41. The business’s 50-day moving average is $93.63 and its 200 day moving average is $61.65.

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

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total value of $33,678,000.00. Following the sale, the chief executive officer directly owned 9,780,098 shares of the company’s stock, valued at $1,097,913,801.48. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Stuart Klein sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was 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. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 491,387 shares of company stock valued at $52,698,580 over the last three months. Company insiders own 18.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. BNP Paribas raised Oklo to a “strong sell” rating in a research note on Friday, July 25th. The Goldman Sachs Group assumed coverage on Oklo in a research note on Thursday, September 25th. They set a “neutral” rating and a $117.00 price objective on the stock. HC Wainwright raised their price objective on Oklo from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Canaccord Genuity Group assumed coverage on Oklo in a research note on Thursday. They set a “buy” rating and a $175.00 price objective on the stock. Finally, Daiwa America raised Oklo from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Oklo presently has a consensus rating of “Hold” and an average price target of $98.14.

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.