OP Asset Management Ltd acquired a new stake in Oklo Inc. (NYSE:OKLO – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,237 shares of the company’s stock, valued at approximately $607,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nemes Rush Group LLC purchased a new position in shares of Oklo in the third quarter valued at $28,000. CI Investments Inc. raised its stake in shares of Oklo by 153.0% during the 3rd quarter. CI Investments Inc. now owns 296 shares of the company’s stock worth $33,000 after buying an additional 179 shares during the last quarter. Comprehensive Financial Planning Inc. PA boosted its position in shares of Oklo by 950.0% in the 3rd quarter. Comprehensive Financial Planning Inc. PA now owns 315 shares of the company’s stock worth $35,000 after buying an additional 285 shares in the last quarter. NBC Securities Inc. grew its stake in Oklo by 75.0% in the 4th quarter. NBC Securities Inc. now owns 350 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Oklo by 356.2% in the 4th quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock valued at $26,000 after acquiring an additional 285 shares during the last quarter. 85.03% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Oklo
In related news, insider William Carroll Murphy Goodwin sold 10,548 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total transaction of $612,205.92. Following the transaction, the insider directly owned 36,175 shares in the company, valued at approximately $2,099,597. This represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jacob Dewitte sold 140,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $68.29, for a total value of $9,560,600.00. Following the completion of the sale, the chief executive officer directly owned 538,039 shares in the company, valued at approximately $36,742,683.31. The trade was 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. Over the last ninety days, insiders sold 483,629 shares of company stock worth $33,317,008. 18.90% of the stock is currently owned by insiders.
More Oklo News
- Positive Sentiment: Oklo announced the acquisition of Creative Engineers, Inc. (CEI), adding expertise in sodium and alkali-metal systems, component development, fabrication, and applied R&D to help accelerate commercialization of its Aurora reactor program. Oklo Acquires Creative Engineers to Strengthen Sodium, Alkali-Metal Capabilities
- Positive Sentiment: The CEI deal is being viewed as a way to remove a key bottleneck for Aurora commercialization, while also bringing a cash flow-positive business and more technical capabilities in-house. Oklo’s Second Acquisition In Weeks Targets A Key Aurora Bottleneck – What Investors Need To Know
- Positive Sentiment: Investor interest in advanced nuclear names remains elevated, with Oklo cited alongside peers as policy support and growing demand for advanced nuclear development keep the sector in focus. Why DOE’s July 4 Reactor Deadline Matters to Nuclear Stocks
- Positive Sentiment: Analyst and market commentary continue to highlight Oklo as one of the more closely watched advanced nuclear stocks, which can help sustain trading momentum. Why DOE’s July 4 Reactor Deadline Matters to Nuclear Stocks
- Neutral Sentiment: Several “which nuclear stock is better” and “nuclear stocks to watch” articles are keeping OKLO in the conversation, but these are mostly sentiment-driven and do not add new company-specific fundamentals. OKLO or NNE: Which Nuclear Name Deserves Your Attention?
- Negative Sentiment: Despite the upbeat acquisition and policy headlines, Oklo’s shares remain well below recent moving averages, suggesting investors are still weighing execution risk and valuation concerns.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on OKLO shares. Wolfe Research started coverage on shares of Oklo in a research report on Tuesday, May 19th. They set a “peer perform” rating for the company. Guggenheim initiated coverage on shares of Oklo in a research report on Thursday, June 25th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. started coverage on shares of Oklo in a research note on Monday, May 11th. They set a “neutral” rating and a $83.00 price objective for the company. 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. Finally, HSBC started coverage on Oklo in a research note on Thursday, April 23rd. They issued a “buy” rating and a $96.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.18.
Read Our Latest Stock Analysis on Oklo
Oklo Stock Performance
Shares of NYSE OKLO opened at $52.44 on Wednesday. The firm has a market cap of $9.12 billion, a P/E ratio of -62.43 and a beta of 1.10. Oklo Inc. has a 1 year low of $44.88 and a 1 year high of $193.84. The firm’s 50 day moving average price is $64.25 and its 200 day moving average price is $68.59.
Oklo (NYSE:OKLO – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.01. During the same period last year, the company earned ($0.07) earnings per share. As a group, equities analysts predict that Oklo Inc. will post -0.73 EPS for the current year.
About Oklo
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.
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