Carbahal Olsen Financial Services Group LLC Acquires Shares of 5,000 Oklo Inc. $OKLO

Carbahal Olsen Financial Services Group LLC acquired a new stake in shares of Oklo Inc. (NYSE:OKLO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $280,000. Oklo accounts for approximately 0.2% of Carbahal Olsen Financial Services Group LLC’s investment portfolio, making the stock its 29th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. OneDigital Investment Advisors LLC bought a new position in Oklo during the first quarter valued at $229,000. Bouvel Investment Partners LLC bought a new position in Oklo during the second quarter valued at $2,263,000. Cambridge Investment Research Advisors Inc. grew its holdings in Oklo by 66.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 68,577 shares of the company’s stock valued at $1,483,000 after purchasing an additional 27,458 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Oklo during the first quarter worth $413,000. Finally, Spire Wealth Management lifted its position in shares of Oklo by 14.1% during the first quarter. Spire Wealth Management now owns 3,896 shares of the company’s stock worth $84,000 after acquiring an additional 481 shares in the last quarter. 85.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $133.76, for a total value of $6,688,000.00. Following the sale, the director owned 150,000 shares in the company, valued at approximately $20,064,000. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $70.09, for a total value of $2,900,814.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 491,387 shares of company stock worth $52,698,580. 18.90% of the stock is currently owned by corporate insiders.

Oklo Stock Performance

Shares of OKLO stock opened at $147.32 on Monday. Oklo Inc. has a 52-week low of $9.01 and a 52-week high of $161.41. The company has a market capitalization of $21.75 billion, a PE ratio of -350.75 and a beta of 0.69. The business’s fifty day moving average is $93.63 and its 200 day moving average is $61.65.

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). On average, sell-side analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on OKLO. Craig Hallum downgraded Oklo from a “buy” rating to a “hold” rating and set a $59.00 target price on the stock. in a research report on Monday, June 23rd. Seaport Res Ptn downgraded Oklo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. UBS Group set a $175.00 target price on Oklo in a research report on Thursday. BNP Paribas upgraded Oklo to a “strong sell” rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group began coverage on Oklo in a research report on Thursday, September 25th. They set a “neutral” rating and a $117.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $98.14.

About Oklo

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.