Banque Transatlantique SA Sells 26,905 Shares of Oklo Inc. $OKLO

Banque Transatlantique SA trimmed its position in shares of Oklo Inc. (NYSE:OKLO) by 96.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 985 shares of the company’s stock after selling 26,905 shares during the period. Banque Transatlantique SA’s holdings in Oklo were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OKLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Oklo by 71.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock valued at $792,822,000 after purchasing an additional 2,968,981 shares during the period. Vanguard Group Inc. raised its stake in Oklo by 33.4% in the third quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock valued at $1,294,179,000 after buying an additional 2,901,909 shares during the period. State Street Corp raised its stake in Oklo by 454.5% in the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after buying an additional 1,752,946 shares during the period. Van ECK Associates Corp lifted its position in shares of Oklo by 61.0% in the third quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock valued at $387,914,000 after buying an additional 1,316,867 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Oklo in the fourth quarter valued at approximately $73,786,000. 85.03% of the stock is owned by institutional investors.

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo secured a fuel supply agreement with Centrus Energy to provide enough domestic HALEU to power up to five Aurora reactors, reducing a major development risk and improving visibility on future deployment. Oklo (OKLO) Secures Centrus Fuel Deal For Five Aurora Reactors
• Positive Sentiment: Reports that Siemens Energy’s turbine package is advancing for Oklo’s Aurora-INL project add credibility to the company’s commercialization timeline and broader project execution. In a First for Advanced Nuclear: Siemens Energy Turbine Package Advances for Oklo’s Aurora-INL
• Neutral Sentiment: Commentary around Oklo’s post-correction valuation suggests the stock may be cheaper than earlier in the year, but the company remains pre-revenue and faces a long path to commercialization. After an 18% Correction YTD, Is OKLO Stock a Better Bet?
• Negative Sentiment: Analyst-style coverage continues to highlight that Oklo’s fuel deal helps, but it does not eliminate execution risk; investors still question whether the company has fully solved the nuclear fuel problem. Oklo Looks to Centrus to Supply Nuclear Fuel for Ohio Site

Insider Transactions at Oklo

In other news, CFO Richard Craig Bealmear sold 73,081 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $68.42, for a total value of $5,000,202.02. Following the completion of the sale, the chief financial officer owned 397,642 shares of the company’s stock, valued at approximately $27,206,665.64. The trade was a 15.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jacob Dewitte sold 140,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $68.29, for a total transaction of $9,560,600.00. Following the completion of the transaction, the chief executive officer owned 538,039 shares in the company, valued at $36,742,683.31. This trade represents a 20.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 699,971 shares of company stock valued at $44,221,357. 18.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of Oklo in a report on Tuesday, May 26th. Craig Hallum reaffirmed a “hold” rating on shares of Oklo in a report on Wednesday, March 18th. Zacks Research raised Oklo from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. Tigress Financial started coverage on shares of Oklo in a research report on Monday, April 27th. They set a “buy” rating and a $130.00 price objective for the company. Finally, HSBC began coverage on shares of Oklo in a report on Thursday, April 23rd. They issued a “buy” rating and a $96.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Oklo currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.78.

Oklo Trading Up 4.0%

NYSE:OKLO opened at $61.15 on Friday. The stock has a market cap of $10.64 billion, a P/E ratio of -72.80 and a beta of 1.10. The stock has a 50 day simple moving average of $64.61 and a 200 day simple moving average of $71.15. Oklo Inc. has a 1-year low of $44.88 and a 1-year high of $193.84.

Oklo (NYSE:OKLO) last released its quarterly 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 period in the prior year, the company earned ($0.07) earnings per share. As a group, sell-side analysts forecast that Oklo Inc. will post -0.78 EPS for the current year.

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.