Cetera Investment Advisers Boosts Stock Position in Oklo Inc. $OKLO

Cetera Investment Advisers raised its holdings in Oklo Inc. (NYSE:OKLO) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,299 shares of the company’s stock after buying an additional 15,216 shares during the period. Cetera Investment Advisers’ holdings in Oklo were worth $7,106,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. NBC Securities Inc. boosted its position in shares of Oklo by 75.0% during the 4th quarter. NBC Securities Inc. now owns 350 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares in the last quarter. Vantage Point Financial LLC increased its holdings in shares of Oklo by 0.8% in the 4th quarter. Vantage Point Financial LLC now owns 21,222 shares of the company’s stock valued at $1,523,000 after acquiring an additional 169 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Oklo by 6.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,800 shares of the company’s stock worth $313,000 after acquiring an additional 174 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Oklo by 1.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 18,704 shares of the company’s stock worth $928,000 after acquiring an additional 182 shares in the last quarter. Finally, Triton Wealth Management PLLC raised its position in shares of Oklo by 1.3% during the 1st quarter. Triton Wealth Management PLLC now owns 14,760 shares of the company’s stock worth $734,000 after acquiring an additional 191 shares in the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider William Carroll Murphy Goodwin sold 10,548 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total value of $612,205.92. Following the completion of the sale, the insider directly owned 36,175 shares of the company’s stock, valued at approximately $2,099,597. This represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jacob Dewitte sold 140,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $68.29, for a total value of $9,560,600.00. Following the completion of the sale, the chief executive officer directly owned 538,039 shares of the company’s stock, valued at $36,742,683.31. The trade was a 20.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 483,629 shares of company stock valued at $29,855,608 over the last quarter. Company insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on OKLO. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Oklo in a report on Tuesday, May 26th. Royal Bank Of Canada set a $80.00 price target on shares of Oklo in a research note on Friday, May 22nd. Truist Financial assumed coverage on shares of Oklo in a report on Monday, July 13th. They set a “hold” rating and a $55.00 price objective on the stock. Wolfe Research started coverage on shares of Oklo in a research report on Tuesday, May 19th. They set a “peer perform” rating for the company. Finally, Barclays lowered their target price on shares of Oklo from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Oklo has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

Oklo Stock Performance

OKLO opened at $38.94 on Friday. Oklo Inc. has a one year low of $36.61 and a one year high of $193.84. The stock has a market capitalization of $6.77 billion, a P/E ratio of -46.35 and a beta of 1.14. The business’s 50-day simple moving average is $53.26 and its 200-day simple moving average is $62.42.

Oklo (NYSE:OKLO) last announced its earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. During the same period last year, the firm earned ($0.07) earnings per share. On average, equities research analysts forecast that Oklo Inc. will post -0.74 EPS for the current fiscal year.

About Oklo

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.