Hsbc Holdings PLC Boosts Stock Holdings in Oklo Inc. $OKLO

Hsbc Holdings PLC lifted its position in Oklo Inc. (NYSE:OKLO) by 1,184.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,372 shares of the company’s stock after acquiring an additional 103,623 shares during the quarter. Hsbc Holdings PLC owned approximately 0.07% of Oklo worth $8,063,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. boosted its holdings in Oklo by 75.0% during the fourth quarter. NBC Securities Inc. now owns 350 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Oklo by 356.2% during the 4th quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock worth $26,000 after buying an additional 285 shares in the last quarter. Nemes Rush Group LLC bought a new position in shares of Oklo during the 3rd quarter worth approximately $28,000. Gilpin Wealth Management LLC bought a new position in shares of Oklo during the 4th quarter worth approximately $29,000. Finally, SHP Wealth Management purchased a new position in shares of Oklo in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on OKLO shares. B. Riley Financial reduced their target price on Oklo from $129.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Tigress Financial assumed coverage on Oklo in a research report on Monday, April 27th. They issued a “buy” rating and a $130.00 price objective on the stock. Weiss Ratings upgraded Oklo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Guggenheim began coverage on Oklo in a research report on Thursday. They set a “neutral” rating for the company. Finally, HSBC started coverage on Oklo in a research note on Thursday, April 23rd. They set a “buy” rating and a $96.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.18.

Insider Activity at Oklo

In other Oklo news, CFO Richard Craig Bealmear sold 73,081 shares of Oklo stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $68.42, for a total transaction of $5,000,202.02. Following the completion of the transaction, the chief financial officer owned 397,642 shares of the company’s stock, valued at $27,206,665.64. The trade was a 15.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 value of $9,560,600.00. Following the sale, the chief executive officer owned 538,039 shares in the company, valued at approximately $36,742,683.31. This represents a 20.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 699,971 shares of company stock worth $44,221,357. 18.90% of the stock is owned by company insiders.

Oklo Price Performance

Shares of OKLO stock opened at $50.06 on Friday. The company’s fifty day simple moving average is $64.76 and its two-hundred day simple moving average is $69.53. Oklo Inc. has a 1 year low of $44.88 and a 1 year high of $193.84. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of -59.60 and a beta of 1.10.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same period in the prior year, the business earned ($0.07) earnings per share. Equities research analysts anticipate 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.