Marco Investment Management LLC Has $1.10 Million Stock Position in Oklo Inc. $OKLO

Marco Investment Management LLC lowered its position in Oklo Inc. (NYSE:OKLO) by 22.9% during the 2nd quarter, Holdings Channel reports. The fund owned 19,575 shares of the company’s stock after selling 5,800 shares during the period. Marco Investment Management LLC’s holdings in Oklo were worth $1,096,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wedbush Securities Inc. raised its position in shares of Oklo by 113.2% during the second quarter. Wedbush Securities Inc. now owns 25,761 shares of the company’s stock worth $1,442,000 after purchasing an additional 13,676 shares during the period. Savant Capital LLC bought a new stake in Oklo during the 2nd quarter valued at $326,000. Modera Wealth Management LLC acquired a new position in Oklo during the second quarter worth $434,000. Black Swift Group LLC bought a new position in shares of Oklo in the second quarter valued at $280,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Oklo during the second quarter valued at about $181,000. Institutional investors own 85.03% of the company’s stock.

Oklo Price Performance

Shares of Oklo stock opened at $112.02 on Friday. The firm has a market cap of $16.54 billion, a PE ratio of -266.71 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 stock has a fifty day moving average price of $119.65 and a 200-day moving average price of $77.63.

Oklo (NYSE:OKLO) last posted its quarterly earnings results 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). As a group, equities analysts anticipate that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OKLO has been the topic of a number of analyst reports. Zacks Research lowered shares of Oklo from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a research note on Wednesday, October 8th. BNP Paribas upgraded Oklo to a “strong sell” rating in a report on Friday, July 25th. BNP Paribas Exane assumed coverage on Oklo in a report on Friday, July 25th. They set an “underperform” rating and a $14.00 price target for the company. Finally, UBS Group set a $175.00 price objective on Oklo in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $98.14.

Insider Activity at Oklo

In related news, CFO Richard Craig Bealmear sold 7,622 shares of Oklo stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $101.44, for a total value of $773,175.68. Following the sale, the chief financial officer owned 121,913 shares of the company’s stock, valued at approximately $12,366,854.72. The trade was a 5.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Stuart Klein sold 50,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $20,064,000. The trade was a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 491,387 shares of company stock worth $52,698,580. 18.90% of the stock is currently owned by company insiders.

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.