Oklo Inc. $OKLO Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its position in Oklo Inc. (NYSE:OKLOFree Report) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,726 shares of the company’s stock after buying an additional 48,953 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Oklo were worth $18,638,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Stephens Consulting LLC boosted its position in shares of Oklo by 500.0% in the 4th quarter. Stephens Consulting LLC now owns 6,000 shares of the company’s stock worth $431,000 after buying an additional 5,000 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Oklo during the 4th quarter valued at about $259,000. Wealth Management Partners LLC increased its holdings in Oklo by 15.0% during the 4th quarter. Wealth Management Partners LLC now owns 14,818 shares of the company’s stock valued at $1,063,000 after acquiring an additional 1,928 shares in the last quarter. Focus Financial Network Inc. raised its position in Oklo by 81.8% during the fourth quarter. Focus Financial Network Inc. now owns 6,295 shares of the company’s stock worth $452,000 after acquiring an additional 2,832 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Oklo by 241.8% during the fourth quarter. SG Americas Securities LLC now owns 120,752 shares of the company’s stock worth $8,665,000 after acquiring an additional 85,419 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo News Summary

Here are the key news stories impacting Oklo this week:

Insiders Place Their Bets

In other Oklo news, CEO Jacob Dewitte sold 72,960 shares of Oklo stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $60.00, for a total value of $4,377,600.00. Following the completion of the sale, the chief executive officer directly owned 751,533 shares of the company’s stock, valued at approximately $45,091,980. The trade was a 8.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Craig Bealmear sold 72,090 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $60.00, for a total value of $4,325,400.00. Following the completion of the transaction, the chief financial officer owned 386,008 shares of the company’s stock, valued at $23,160,480. This trade represents a 15.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,222,424 shares of company stock valued at $100,739,512. Company insiders own 18.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wedbush reiterated an “outperform” rating on shares of Oklo in a research report on Friday, January 9th. B. Riley Financial cut their price objective on Oklo from $129.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Citigroup reduced their target price on Oklo from $95.00 to $73.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. UBS Group lowered their target price on Oklo from $95.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Barclays dropped their price target on Oklo from $146.00 to $82.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.30.

View Our Latest Stock Analysis on OKLO

Oklo Price Performance

Oklo stock opened at $50.22 on Friday. Oklo Inc. has a 12-month low of $17.42 and a 12-month high of $193.84. The stock has a market capitalization of $8.72 billion, a P/E ratio of -69.75 and a beta of 0.80. The firm’s 50-day moving average is $68.12 and its two-hundred day moving average is $94.12.

Oklo (NYSE:OKLOGet Free Report) last posted its quarterly earnings data on Tuesday, March 17th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.10). During the same quarter last year, the business earned ($0.74) EPS. As a group, analysts forecast that Oklo Inc. will post -8.2 EPS for the current year.

Oklo Company Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Oklo (NYSE:OKLO)

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