First National Trust Co Takes $316,000 Position in Oklo Inc. $OKLO

First National Trust Co acquired a new stake in Oklo Inc. (NYSE:OKLO) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,650 shares of the company’s stock, valued at approximately $316,000.

A number of other hedge funds have also made changes to their positions in OKLO. Private Trust Co. NA bought a new stake in Oklo during the second quarter worth about $25,000. Caldwell Sutter Capital Inc. acquired a new stake in shares of Oklo during the 2nd quarter worth approximately $25,000. ORG Partners LLC raised its position in shares of Oklo by 281.0% during the 2nd quarter. ORG Partners LLC now owns 800 shares of the company’s stock valued at $41,000 after acquiring an additional 590 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in Oklo by 7,190.9% in the second quarter. FNY Investment Advisers LLC now owns 802 shares of the company’s stock valued at $44,000 after purchasing an additional 791 shares during the last quarter. Finally, Solstein Capital LLC acquired a new position in shares of Oklo during the 2nd quarter worth about $56,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Trading Up 8.3%

Shares of OKLO stock opened at $143.32 on Thursday. Oklo Inc. has a 1 year low of $17.14 and a 1 year high of $193.84. The firm’s fifty day moving average price is $112.86 and its two-hundred day moving average price is $73.16. The firm has a market capitalization of $21.16 billion, a P/E ratio of -341.24 and a beta of 0.69.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). As a group, equities research analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total value of $33,678,000.00. Following the completion of the sale, the chief executive officer owned 9,780,098 shares of the company’s stock, valued at approximately $1,097,913,801.48. This represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Stuart Klein sold 50,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the completion of the transaction, the director directly owned 150,000 shares of the company’s stock, valued at $20,064,000. This represents a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 491,387 shares of company stock valued at $52,698,580. 18.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on OKLO shares. BNP Paribas Exane started coverage on shares of Oklo in a research report on Friday, July 25th. They issued an “underperform” rating and a $14.00 price target on the stock. Wedbush boosted their target price on Oklo from $80.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, September 22nd. Cantor Fitzgerald set a $73.00 price target on shares of Oklo and gave the company an “overweight” rating in a report on Tuesday, July 15th. BTIG Research reiterated a “neutral” rating on shares of Oklo in a report on Tuesday, August 12th. Finally, Barclays set a $146.00 price objective on Oklo in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oklo presently has an average rating of “Hold” and a consensus target price of $98.14.

Oklo 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.