Bensler LLC Invests $403,000 in Oklo Inc. $OKLO

Bensler LLC bought a new stake in Oklo Inc. (NYSE:OKLO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,205 shares of the company’s stock, valued at approximately $403,000.

Other institutional investors have also added to or reduced their stakes in the company. Black Swift Group LLC bought a new position in shares of Oklo during the 2nd quarter worth approximately $280,000. OneDigital Investment Advisors LLC acquired a new stake in Oklo during the 1st quarter valued at $229,000. Bouvel Investment Partners LLC acquired a new stake in Oklo during the 2nd quarter valued at $2,263,000. Strs Ohio bought a new position in Oklo during the second quarter worth $1,069,000. Finally, AlphaQuest LLC increased its holdings in shares of Oklo by 461.2% in the second quarter. AlphaQuest LLC now owns 6,740 shares of the company’s stock valued at $377,000 after purchasing an additional 5,539 shares during the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OKLO shares. Daiwa Capital Markets upgraded shares of Oklo from a “neutral” rating to an “outperform” rating in a research note on Sunday, July 27th. Bank of America reissued a “neutral” rating and issued a $117.00 price target (up from $92.00) on shares of Oklo in a report on Tuesday, September 30th. Barclays set a $146.00 price objective on shares of Oklo in a research report on Monday, September 29th. Wedbush upped their target price on Oklo from $80.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, September 22nd. Finally, Seaport Res Ptn lowered Oklo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $98.14.

Oklo Stock Up 4.9%

Shares of NYSE:OKLO opened at $112.02 on Friday. Oklo Inc. has a 12-month low of $17.14 and a 12-month high of $193.84. The company’s 50 day moving average price is $119.65 and its two-hundred day moving average price is $77.63. The firm has a market cap of $16.54 billion, a PE ratio of -266.71 and a beta of 0.70.

Oklo (NYSE:OKLO) last issued its quarterly 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). On average, research analysts expect that Oklo Inc. will post -8.2 EPS for the current year.

Insider Buying and Selling

In other news, insider William Carroll Murphy Goodwin sold 41,387 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Craig Bealmear sold 7,622 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $101.44, for a total value of $773,175.68. Following the sale, the chief financial officer directly owned 121,913 shares in the company, valued at approximately $12,366,854.72. This trade represents a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 491,387 shares of company stock valued at $52,698,580. 18.90% of the stock is owned by insiders.

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.