Joule Financial LLC Decreases Stock Holdings in Oklo Inc. $OKLO

Joule Financial LLC decreased its stake in shares of Oklo Inc. (NYSE:OKLO) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 17,228 shares of the company’s stock after selling 218 shares during the quarter. Joule Financial LLC’s holdings in Oklo were worth $965,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Signature Wealth Management Partners LLC purchased a new stake in Oklo during the 2nd quarter valued at $383,000. Apexium Financial LP bought a new stake in shares of Oklo in the second quarter worth $211,000. Ameriflex Group Inc. purchased a new stake in Oklo during the second quarter valued at $57,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Oklo in the second quarter valued at about $217,000. Finally, Triad Wealth Partners LLC purchased a new position in Oklo in the second quarter worth about $1,117,000. Institutional investors own 85.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on OKLO shares. William Blair reaffirmed an “outperform” rating on shares of Oklo in a research report on Tuesday, August 12th. Citigroup upped their target price on shares of Oklo from $30.00 to $68.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Seaport Res Ptn cut shares of Oklo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. The Goldman Sachs Group initiated coverage on shares of Oklo in a research report on Thursday, September 25th. They set a “neutral” rating and a $117.00 price objective for the company. Finally, BNP Paribas raised Oklo to a “strong sell” rating in a report on Friday, July 25th. One research 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 given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $83.77.

Insiders Place Their Bets

In related news, CFO Richard Craig Bealmear sold 7,622 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 121,913 shares of the company’s stock, valued at approximately $12,366,854.72. The trade was 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, insider William Carroll Murphy Goodwin sold 41,387 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $70.09, for a total transaction of $2,900,814.83. The disclosure for this sale can be found here. Insiders sold a total of 491,387 shares of company stock worth $52,698,580 over the last quarter. Company insiders own 18.90% of the company’s stock.

Oklo Stock Performance

OKLO opened at $127.41 on Monday. The stock has a market cap of $18.81 billion, a price-to-earnings ratio of -303.35 and a beta of 0.69. The firm’s fifty day moving average is $87.18 and its 200 day moving average is $57.77. Oklo Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $144.49.

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 analysts’ consensus estimates of ($0.12) by ($0.06). On average, equities research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current 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.