10,052 Shares in Oklo Inc. $OKLO Acquired by Florida Financial Advisors LLC

Florida Financial Advisors LLC purchased a new stake in Oklo Inc. (NYSE:OKLO) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 10,052 shares of the company’s stock, valued at approximately $1,122,000.

Other hedge funds have also made changes to their positions in the company. State Street Corp increased its stake in Oklo by 454.5% in the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after purchasing an additional 1,752,946 shares during the last quarter. Geode Capital Management LLC grew its holdings in Oklo by 195.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock valued at $125,906,000 after buying an additional 1,488,482 shares during the period. Hood River Capital Management LLC acquired a new position in shares of Oklo during the 2nd quarter valued at about $40,919,000. Millennium Management LLC lifted its holdings in shares of Oklo by 4,974.1% during the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after acquiring an additional 570,532 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Oklo by 720.6% in the second quarter. JPMorgan Chase & Co. now owns 409,808 shares of the company’s stock worth $22,945,000 after acquiring an additional 359,866 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Richard Craig Bealmear sold 69,841 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $78.40, for a total value of $5,475,534.40. Following the transaction, the chief financial officer owned 202,072 shares in the company, valued at approximately $15,842,444.80. The trade was a 25.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 840,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $82.32, for a total value of $69,148,800.00. Following the sale, the chief executive officer owned 1,580,000 shares of the company’s stock, valued at approximately $130,065,600. This trade represents a 34.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,762,526 shares of company stock worth $153,283,847 in the last quarter. 18.90% of the stock is owned by corporate insiders.

Oklo Stock Performance

Oklo stock opened at $65.83 on Friday. The firm has a market capitalization of $10.29 billion, a PE ratio of -121.90 and a beta of 0.76. Oklo Inc. has a one year low of $17.42 and a one year high of $193.84. The stock’s 50 day moving average price is $84.31 and its 200 day moving average price is $96.57.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter in the prior year, the firm posted ($0.08) EPS. On average, analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OKLO. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $122.00 price target on shares of Oklo in a research report on Wednesday, November 12th. Bank of America upgraded Oklo from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $111.00 to $127.00 in a report on Wednesday, January 21st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $106.00 target price on shares of Oklo in a report on Friday, January 9th. Zacks Research lowered Oklo from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Finally, UBS Group reaffirmed a “neutral” rating on shares of Oklo in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Oklo presently has an average rating of “Moderate Buy” and a consensus price target of $103.20.

Oklo Company Profile

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.