Bleakley Financial Group LLC Sells 18,699 Shares of Oklo Inc. $OKLO

Bleakley Financial Group LLC cut its stake in Oklo Inc. (NYSE:OKLO) by 47.0% in the third quarter, HoldingsChannel.com reports. The fund owned 21,092 shares of the company’s stock after selling 18,699 shares during the period. Bleakley Financial Group LLC’s holdings in Oklo were worth $2,354,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of OKLO. Fourth Dimension Wealth LLC increased its stake in Oklo by 125.0% in the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of Oklo in the 3rd quarter valued at $27,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Oklo in the 2nd quarter valued at $28,000. Gables Capital Management Inc. bought a new stake in shares of Oklo in the 3rd quarter valued at $28,000. Finally, Creative Financial Designs Inc. ADV raised its stake in Oklo by 107.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock worth $33,000 after buying an additional 305 shares during the period. Institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on OKLO shares. Barclays reissued an “overweight” rating and issued a $82.00 target price on shares of Oklo in a research note on Monday. UBS Group reiterated a “neutral” rating on shares of Oklo in a research report on Monday, January 12th. Bank of America upgraded shares of Oklo from a “neutral” rating to a “buy” rating and raised their target price for the stock from $111.00 to $127.00 in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oklo in a research note on Thursday, January 22nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $122.00 price objective on shares of Oklo in a research report on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.93.

Oklo Price Performance

Shares of NYSE:OKLO opened at $63.23 on Tuesday. The company’s 50-day moving average price is $80.58 and its two-hundred day moving average price is $96.37. Oklo Inc. has a one year low of $17.42 and a one year high of $193.84. The stock has a market capitalization of $9.88 billion, a PE ratio of -117.09 and a beta of 0.76.

Insider Activity

In other news, CEO Jacob Dewitte sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $74.45, for a total transaction of $4,467,000.00. Following the sale, the chief executive officer owned 748,197 shares in the company, valued at $55,703,266.65. This represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Richard Craig Bealmear sold 9,726 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $76.93, for a total value of $748,221.18. Following the completion of the sale, the chief financial officer directly owned 196,913 shares of the company’s stock, valued at approximately $15,148,517.09. The trade was a 4.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,750,590 shares of company stock worth $152,068,284 in the last quarter. 18.90% of the stock is currently owned by corporate insiders.

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.