Apexium Financial LP Makes New Investment in Oklo Inc. $OKLO

Apexium Financial LP purchased a new position in Oklo Inc. (NYSE:OKLO) during the second quarter, HoldingsChannel.com reports. The fund purchased 3,775 shares of the company’s stock, valued at approximately $211,000.

Other large investors have also recently modified their holdings of the company. OneDigital Investment Advisors LLC bought a new stake in shares of Oklo during the 1st quarter valued at about $229,000. Bouvel Investment Partners LLC bought a new stake in shares of Oklo during the 2nd quarter valued at about $2,263,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Oklo by 66.8% during the 1st 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Oklo during the 1st quarter valued at about $413,000. Finally, Spire Wealth Management boosted its stake in shares of Oklo by 14.1% during the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company’s stock valued at $84,000 after purchasing an additional 481 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

Wall Street Analysts Forecast Growth

OKLO has been the topic of a number of research reports. BNP Paribas Exane initiated coverage on shares of Oklo in a research note on Friday, July 25th. They set an “underperform” rating and a $14.00 target price on the stock. HC Wainwright lifted their target price on shares of Oklo from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Seaport Res Ptn lowered shares of Oklo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Citigroup boosted their price objective on shares of Oklo from $30.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Finally, Cantor Fitzgerald set a $73.00 price objective on shares of Oklo and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $83.77.

Insiders Place Their Bets

In other Oklo news, CFO Richard Craig Bealmear sold 7,622 shares of Oklo 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 completion of the sale, the chief financial officer owned 121,913 shares of the company’s stock, valued at approximately $12,366,854.72. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Stuart Klein sold 50,000 shares of Oklo 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 completion of the sale, the director directly owned 150,000 shares of the company’s stock, valued at approximately $20,064,000. The trade was a 25.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 491,387 shares of company stock valued at $52,698,580. 18.90% of the stock is currently owned by company insiders.

Oklo Price Performance

NYSE:OKLO opened at $127.41 on Friday. Oklo Inc. has a one year low of $9.01 and a one year high of $144.49. The company’s 50-day simple moving average is $87.18 and its 200 day simple moving average is $57.56. The firm has a market capitalization of $18.81 billion, a P/E ratio of -303.35 and a beta of 0.69.

Oklo (NYSE:OKLO) last issued 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). On average, equities research analysts expect that Oklo Inc. will post -8.2 earnings per share 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.