Oklo Inc. $OKLO Shares Purchased by Copia Wealth Management

Copia Wealth Management increased its holdings in shares of Oklo Inc. (NYSE:OKLO) by 127.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,077 shares of the company’s stock after acquiring an additional 604 shares during the quarter. Copia Wealth Management’s holdings in Oklo were worth $60,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Oklo by 0.9% in the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock valued at $94,770,000 after purchasing an additional 37,718 shares during the period. Compound Planning Inc. increased its stake in shares of Oklo by 6.2% in the first quarter. Compound Planning Inc. now owns 964,827 shares of the company’s stock valued at $20,869,000 after purchasing an additional 56,437 shares during the period. Portland Investment Counsel Inc. increased its stake in shares of Oklo by 0.6% in the first quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company’s stock valued at $17,358,000 after purchasing an additional 5,000 shares during the period. Millennium Management LLC increased its stake in shares of Oklo by 4,974.1% in the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after purchasing an additional 570,532 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Oklo in the first quarter valued at approximately $11,674,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BTIG Research restated a “neutral” rating on shares of Oklo in a research note on Tuesday, August 12th. Cantor Fitzgerald set a $73.00 price target on shares of Oklo and gave the company an “overweight” rating in a research note on Tuesday, July 15th. BNP Paribas Exane assumed coverage on shares of Oklo in a research note on Friday, July 25th. They issued an “underperform” rating and a $14.00 price target on the stock. Wedbush raised their price target on shares of Oklo from $80.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, September 22nd. Finally, Craig Hallum lowered shares of Oklo from a “buy” rating to a “hold” rating and set a $59.00 price target on the stock. in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $98.14.

Insider Activity at Oklo

In related news, CEO Jacob Dewitte sold 300,000 shares of the firm’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 transaction of $33,678,000.00. Following the transaction, the chief executive officer owned 9,780,098 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Craig Bealmear sold 92,378 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $93.73, for a total transaction of $8,658,589.94. Following the sale, the chief financial officer owned 75,738 shares of the company’s stock, valued at $7,098,922.74. The trade was a 54.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 491,387 shares of company stock worth $52,698,580 over the last ninety days. Insiders own 18.90% of the company’s stock.

Oklo Price Performance

NYSE OKLO opened at $173.14 on Wednesday. Oklo Inc. has a 12 month low of $9.54 and a 12 month high of $183.20. The firm has a market capitalization of $25.56 billion, a PE ratio of -412.22 and a beta of 0.69. The company’s 50 day simple moving average is $97.31 and its 200 day simple moving average is $63.46.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). Sell-side 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.