Prime Capital Investment Advisors LLC Raises Holdings in Oklo Inc. $OKLO

Prime Capital Investment Advisors LLC grew its position in shares of Oklo Inc. (NYSE:OKLO) by 9.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,761 shares of the company’s stock after purchasing an additional 2,253 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Oklo were worth $1,498,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OKLO. Rhumbline Advisers purchased a new position in shares of Oklo during the first quarter valued at about $65,000. Park Avenue Securities LLC purchased a new position in shares of Oklo during the first quarter valued at about $374,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of Oklo during the first quarter valued at about $216,000. Noble Wealth Management PBC purchased a new position in shares of Oklo during the first quarter valued at about $104,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Oklo during the first quarter valued at about $254,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Insiders Place Their Bets

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 9,780,098 shares in the company, valued at $1,097,913,801.48. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Stuart Klein sold 50,000 shares of the business’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 transaction, the director owned 150,000 shares of the company’s stock, valued at $20,064,000. This trade represents a 25.00% decrease in their position. 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 three months. 18.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

OKLO has been the subject of a number of research analyst reports. William Blair restated an “outperform” rating on shares of Oklo in a research report on Tuesday, August 12th. UBS Group started coverage on Oklo in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $65.00 price target for the company. The Goldman Sachs Group started coverage on Oklo in a research report on Thursday, September 25th. They issued a “neutral” rating and a $117.00 price target for the company. Daiwa Capital Markets upgraded Oklo from a “neutral” rating to an “outperform” rating in a research report on Sunday, July 27th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Oklo in a research report on Wednesday. One research 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 given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $83.77.

Oklo Price Performance

Shares of NYSE:OKLO opened at $134.70 on Thursday. Oklo Inc. has a 1 year low of $9.01 and a 1 year high of $147.18. The business has a 50 day simple moving average of $90.87 and a two-hundred day simple moving average of $59.59. The firm has a market capitalization of $19.88 billion, a PE ratio of -320.71 and a beta of 0.69.

Oklo (NYSE:OKLO) last announced its earnings results on Monday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Equities research analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

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.