Oklo Inc. $OKLO Shares Sold by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd decreased its stake in shares of Oklo Inc. (NYSE:OKLOFree Report) by 31.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,626 shares of the company’s stock after selling 12,460 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Oklo were worth $1,982,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OKLO. Strategic Investment Solutions Inc. IL boosted its stake in shares of Oklo by 45.5% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,488 shares of the company’s stock worth $107,000 after acquiring an additional 465 shares in the last quarter. Tempo Wealth LLC acquired a new position in shares of Oklo during the 4th quarter worth approximately $240,000. Pacer Advisors Inc. acquired a new position in shares of Oklo during the 4th quarter worth approximately $1,962,000. Walser Wealth Management Company A Ltd Liability Co purchased a new position in shares of Oklo during the 4th quarter valued at approximately $217,000. Finally, Virtu Financial LLC grew its position in shares of Oklo by 21.7% in the fourth quarter. Virtu Financial LLC now owns 113,511 shares of the company’s stock valued at $8,145,000 after purchasing an additional 20,236 shares during the period. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on OKLO shares. Needham & Company LLC lowered their target price on shares of Oklo from $135.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. B. Riley Financial dropped their price target on Oklo from $129.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Oklo in a report on Tuesday, May 26th. Citigroup lifted their price objective on Oklo from $73.50 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, HSBC assumed coverage on Oklo in a research note on Thursday, April 23rd. They issued a “buy” rating and a $96.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Oklo currently has a consensus rating of “Moderate Buy” and an average price target of $82.78.

Check Out Our Latest Research Report on Oklo

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 140,000 shares of Oklo stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $50.39, for a total value of $7,054,600.00. Following the transaction, the chief executive officer directly owned 656,483 shares in the company, valued at approximately $33,080,178.37. The trade was a 17.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 10,548 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total value of $612,205.92. Following the sale, the insider directly owned 36,175 shares of the company’s stock, valued at approximately $2,099,597. This 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 quarter, insiders sold 699,971 shares of company stock worth $44,221,357. Corporate insiders own 18.90% of the company’s stock.

Key Headlines Impacting Oklo

Here are the key news stories impacting Oklo this week:

Oklo Price Performance

Shares of Oklo stock opened at $61.15 on Friday. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of -72.80 and a beta of 1.10. The business has a 50-day moving average of $64.83 and a 200 day moving average of $71.08. Oklo Inc. has a 12 month low of $44.88 and a 12 month high of $193.84.

Oklo (NYSE:OKLOGet Free Report) last released its earnings results on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.01. During the same period last year, the firm earned ($0.07) EPS. Equities research analysts anticipate that Oklo Inc. will post -0.78 earnings per share 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.

Further Reading

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Institutional Ownership by Quarter for Oklo (NYSE:OKLO)

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