Legal & General Group Plc Purchases 177,366 Shares of Oklo Inc. $OKLO

Legal & General Group Plc lifted its position in Oklo Inc. (NYSE:OKLO) by 146.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,605 shares of the company’s stock after buying an additional 177,366 shares during the period. Legal & General Group Plc owned about 0.19% of Oklo worth $21,428,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Gables Capital Management Inc. bought a new position in Oklo during the 3rd quarter worth about $28,000. Nemes Rush Group LLC bought a new position in Oklo during the 3rd quarter worth about $28,000. CI Investments Inc. increased its holdings in Oklo by 153.0% during the 3rd quarter. CI Investments Inc. now owns 296 shares of the company’s stock worth $33,000 after purchasing an additional 179 shares in the last quarter. Comprehensive Financial Planning Inc. PA increased its holdings in Oklo by 950.0% during the 3rd quarter. Comprehensive Financial Planning Inc. PA now owns 315 shares of the company’s stock worth $35,000 after purchasing an additional 285 shares in the last quarter. Finally, Rossby Financial LCC increased its holdings in Oklo by 75.0% during the 3rd quarter. Rossby Financial LCC now owns 350 shares of the company’s stock worth $41,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on OKLO. Craig Hallum reiterated a “hold” rating on shares of Oklo in a report on Wednesday, March 18th. The Goldman Sachs Group lowered their target price on Oklo from $91.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. Barclays lowered their target price on Oklo from $146.00 to $82.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Needham & Company LLC lowered their target price on Oklo from $135.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $122.00 target price on shares of Oklo in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Oklo presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.06.

Oklo Stock Performance

Shares of NYSE:OKLO opened at $66.91 on Monday. Oklo Inc. has a 52-week low of $44.88 and a 52-week high of $193.84. The company has a market capitalization of $11.64 billion, a P/E ratio of -79.66 and a beta of 1.10. The company has a 50-day simple moving average of $61.80 and a 200 day simple moving average of $74.52.

Oklo (NYSE:OKLO) last issued its earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. During the same quarter last year, the company earned ($0.07) earnings per share. As a group, equities analysts forecast that Oklo Inc. will post -0.78 earnings per share for the current year.

Insider Activity at Oklo

In related news, CFO Richard Craig Bealmear sold 16,342 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $51.08, for a total value of $834,749.36. Following the completion of the sale, the chief financial officer directly owned 386,008 shares in the company, valued at approximately $19,717,288.64. This trade represents a 4.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William Carroll Murphy Goodwin sold 10,548 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $58.04, for a total transaction of $612,205.92. Following the completion of the sale, the insider owned 36,175 shares of the company’s stock, valued at $2,099,597. This trade represents a 22.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 619,588 shares of company stock worth $37,115,701. Insiders own 18.90% of the company’s stock.

Oklo 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.