Bessemer Group Inc. Lowers Stock Position in Oklo Inc. $OKLO

Bessemer Group Inc. reduced its position in shares of Oklo Inc. (NYSE:OKLO) by 88.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,101 shares of the company’s stock after selling 87,341 shares during the period. Bessemer Group Inc.’s holdings in Oklo were worth $552,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OKLO. Allspring Global Investments Holdings LLC boosted its stake in shares of Oklo by 11.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,613 shares of the company’s stock worth $366,000 after buying an additional 784 shares during the last quarter. Independent Financial Group LLC purchased a new position in Oklo in the first quarter worth $497,000. Wealthfront Advisers LLC boosted its position in Oklo by 51.6% in the first quarter. Wealthfront Advisers LLC now owns 13,310 shares of the company’s stock worth $660,000 after purchasing an additional 4,532 shares during the last quarter. D.A. Davidson & CO. grew its stake in Oklo by 11.7% in the 1st quarter. D.A. Davidson & CO. now owns 7,153 shares of the company’s stock valued at $355,000 after purchasing an additional 747 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Oklo by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 516,886 shares of the company’s stock valued at $25,632,000 after purchasing an additional 5,945 shares during the period. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo secured DOE startup authorization for its Groves reactor, removing a key regulatory hurdle and advancing the company toward fuel loading, testing, and reactor operations. Oklo Receives U.S. Department of Energy Startup Authorization for Groves Reactor, Clearing Way for Fuel Loading and First Criticality
• Positive Sentiment: Market commentary says Oklo is part of a renewed push for U.S. nuclear development tied to AI power needs and policy support, which could improve investor sentiment around the stock. Oklo Joins Trump’s $200M Nuclear Push for AI. Here’s What It Means for OKLO Stock.
• Neutral Sentiment: Trading desks and commentators noted large call buying and renewed attention on oversold nuclear and AI-related names, which may be supporting near-term speculation in OKLO. The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
• Negative Sentiment: One analyst note argued that while Oklo’s story has improved, the stock may still be too expensive relative to fundamentals, signaling valuation risk for investors. Oklo: The Story Got Better, But The Stock Still Asks Too Much

Oklo Stock Performance

Oklo stock opened at $40.30 on Friday. Oklo Inc. has a fifty-two week low of $39.53 and a fifty-two week high of $193.84. The stock has a market cap of $7.01 billion, a P/E ratio of -47.97 and a beta of 1.14. The firm’s fifty day moving average price is $55.46 and its 200-day moving average price is $64.42.

Oklo (NYSE:OKLO) last issued its quarterly earnings data 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 in the previous year, the business posted ($0.07) EPS. Sell-side analysts predict that Oklo Inc. will post -0.74 earnings per share for the current year.

Insider Transactions at Oklo

In other news, CFO Richard Craig Bealmear sold 73,081 shares of the company’s stock in a transaction on 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. This represents a 15.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jacob Dewitte sold 60,000 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $52.80, for a total transaction of $3,168,000.00. Following the transaction, the chief executive officer directly owned 511,533 shares in the company, valued at approximately $27,008,942.40. This represents a 10.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 683,629 shares of company stock worth $43,902,208. 12.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wolfe Research started coverage on Oklo in a research note on Tuesday, May 19th. They set a “peer perform” rating on the stock. Royal Bank Of Canada set a $80.00 price objective on shares of Oklo in a report on Friday, May 22nd. Truist Financial initiated coverage on shares of Oklo in a research report on Monday, July 13th. They issued a “hold” rating and a $55.00 price objective on the stock. HSBC began coverage on shares of Oklo in a research note on Thursday, April 23rd. They issued a “buy” rating and a $96.00 target price on the stock. Finally, 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 target for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.00.

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.