Newbridge Financial Services Group Inc. Buys 6,712 Shares of Oklo Inc. $OKLO

Newbridge Financial Services Group Inc. increased its stake in shares of Oklo Inc. (NYSE:OKLO) by 87.7% in the second quarter, Holdings Channel.com reports. The fund owned 14,362 shares of the company’s stock after purchasing an additional 6,712 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Oklo were worth $804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Oklo by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock worth $94,770,000 after purchasing an additional 37,718 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Oklo by 195.9% in the second quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock worth $125,906,000 after purchasing an additional 1,488,482 shares during the last quarter. State Street Corp lifted its position in shares of Oklo by 454.5% in the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock worth $119,743,000 after buying an additional 1,752,946 shares in the last quarter. Compound Planning Inc. boosted its stake in Oklo by 6.2% during the first quarter. Compound Planning Inc. now owns 964,827 shares of the company’s stock valued at $20,869,000 after buying an additional 56,437 shares during the last quarter. Finally, Portland Investment Counsel Inc. grew its holdings in Oklo by 0.6% during the 1st quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company’s stock valued at $17,358,000 after buying an additional 5,000 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider William Carroll Murphy Goodwin sold 5,864 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $88.42, for a total transaction of $518,494.88. Following the completion of the transaction, the insider owned 13,620 shares in the company, valued at $1,204,280.40. The trade was a 30.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer owned 9,780,098 shares in the company, valued at approximately $1,097,913,801.48. The trade was a 2.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 467,800 shares of company stock valued at $51,531,823 over the last quarter. 18.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OKLO. William Blair reiterated an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. Bank of America lowered their price objective on shares of Oklo from $117.00 to $111.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Citigroup restated a “neutral” rating on shares of Oklo in a report on Monday, November 24th. Weiss Ratings restated a “sell (d)” rating on shares of Oklo in a research report on Wednesday, October 8th. Finally, Barclays set a $146.00 price target on Oklo in a research report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $102.87.

Oklo Trading Down 14.9%

Oklo stock opened at $87.63 on Monday. Oklo Inc. has a 12-month low of $17.14 and a 12-month high of $193.84. The firm has a 50-day moving average price of $118.14 and a 200-day moving average price of $89.61. The firm has a market capitalization of $13.69 billion, a PE ratio of -162.28 and a beta of 0.73.

Oklo (NYSE:OKLO) last posted its quarterly earnings data 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 period in the prior year, the firm earned ($0.08) EPS. As a group, sell-side analysts predict 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.