Ameriflex Group Inc. Purchases Shares of 1,025 Oklo Inc. $OKLO

Ameriflex Group Inc. acquired a new position in shares of Oklo Inc. (NYSE:OKLO) in the second quarter, HoldingsChannel.com reports. The firm acquired 1,025 shares of the company’s stock, valued at approximately $57,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Oklo by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock worth $94,770,000 after acquiring an additional 37,718 shares in the last quarter. Compound Planning Inc. increased its position in shares of Oklo by 6.2% during the 1st quarter. Compound Planning Inc. now owns 964,827 shares of the company’s stock worth $20,869,000 after purchasing an additional 56,437 shares during the last quarter. Portland Investment Counsel Inc. raised its stake in shares of Oklo by 0.6% during the 1st quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company’s stock worth $17,358,000 after purchasing an additional 5,000 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after buying an additional 570,532 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Oklo in the 1st quarter valued at approximately $11,674,000. Institutional investors own 85.03% of the company’s stock.

Oklo Stock Performance

Shares of OKLO opened at $127.41 on Monday. The firm has a market cap of $18.81 billion, a P/E ratio of -303.35 and a beta of 0.69. Oklo Inc. has a 52 week low of $9.01 and a 52 week high of $144.49. The firm’s 50-day simple moving average is $87.18 and its 200 day simple moving average is $57.77.

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group initiated coverage on shares of Oklo in a research report on Wednesday, August 20th. They set a “neutral” rating and a $65.00 price target on the stock. Barclays set a $146.00 price objective on shares of Oklo in a research note on Monday, September 29th. Craig Hallum downgraded shares of Oklo from a “buy” rating to a “hold” rating and set a $59.00 target price for the company. in a research note on Monday, June 23rd. Daiwa Capital Markets upgraded Oklo from a “neutral” rating to an “outperform” rating in a report on Sunday, July 27th. Finally, William Blair restated an “outperform” rating on shares of Oklo in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $83.77.

Insider Transactions at Oklo

In other news, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the completion of the sale, the chief executive officer owned 9,780,098 shares of the company’s stock, valued at approximately $1,097,913,801.48. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard Craig Bealmear sold 7,622 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $101.44, for a total transaction of $773,175.68. Following the completion of the transaction, the chief financial officer owned 121,913 shares in the company, valued at $12,366,854.72. This trade represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 491,387 shares of company stock valued at $52,698,580. Company insiders own 18.90% of the company’s stock.

Oklo Company 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.