Pictet Asset Management Holding SA Sells 62,819 Shares of Oklo Inc. $OKLO

Pictet Asset Management Holding SA decreased its position in shares of Oklo Inc. (NYSE:OKLO) by 49.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,242 shares of the company’s stock after selling 62,819 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Oklo were worth $3,227,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of OKLO. NBC Securities Inc. raised its holdings in Oklo by 75.0% during the fourth 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 period. GAMMA Investing LLC boosted its stake in shares of Oklo by 356.2% in the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock worth $26,000 after acquiring an additional 285 shares during the period. Nemes Rush Group LLC bought a new position in shares of Oklo in the third quarter worth about $28,000. Gilpin Wealth Management LLC purchased a new stake in shares of Oklo during the fourth quarter worth about $29,000. Finally, SHP Wealth Management purchased a new stake in shares of Oklo during the fourth quarter worth about $32,000. Institutional investors own 85.03% of the company’s stock.

Insider Transactions at Oklo

In related news, insider William Carroll Murphy Goodwin sold 10,548 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $58.04, for a total value of $612,205.92. Following the sale, the insider owned 36,175 shares in the company, valued at approximately $2,099,597. The trade was a 22.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $52.98, for a total transaction of $7,417,200.00. Following the sale, the chief executive officer directly owned 478,039 shares in the company, valued at approximately $25,326,506.22. The trade was a 22.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 623,629 shares of company stock valued at $40,734,208 in the last ninety days. Corporate insiders own 18.90% of the company’s stock.

Oklo Trading Up 0.2%

Shares of OKLO stock opened at $52.44 on Friday. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of -62.43 and a beta of 1.14. Oklo Inc. has a 12-month low of $44.88 and a 12-month high of $193.84. The stock’s 50-day moving average price is $63.34 and its 200-day moving average price is $67.88.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. During the same period in the prior year, the business earned ($0.07) EPS. As a group, research analysts predict that Oklo Inc. will post -0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. HC Wainwright reissued a “buy” rating and issued a $90.00 price target on shares of Oklo in a report on Wednesday, March 18th. Royal Bank Of Canada set a $80.00 price objective on shares of Oklo in a report on Friday, May 22nd. Wedbush reiterated an “outperform” rating and set a $110.00 price objective on shares of Oklo in a research report on Tuesday, May 26th. Canaccord Genuity Group reduced their price objective on shares of Oklo from $175.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Finally, Wolfe Research started coverage on shares of Oklo in a report on Tuesday, May 19th. They issued a “peer perform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.18.

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.