MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Holdings in Oklo Inc. $OKLO

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its stake in Oklo Inc. (NYSE:OKLO) by 12.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,133,253 shares of the company’s stock after selling 563,628 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Oklo were worth $231,421,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Caldwell Sutter Capital Inc. acquired a new position in shares of Oklo during the second quarter valued at approximately $25,000. Private Trust Co. NA purchased a new stake in shares of Oklo during the second quarter worth approximately $25,000. Fourth Dimension Wealth LLC raised its stake in Oklo by 125.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Oklo in the 2nd quarter valued at $28,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in Oklo by 107.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock worth $33,000 after purchasing an additional 305 shares during the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Stock Performance

OKLO opened at $102.97 on Friday. The stock has a market capitalization of $16.09 billion, a PE ratio of -190.69 and a beta of 0.73. Oklo Inc. has a one year low of $17.14 and a one year high of $193.84. The business’s 50 day moving average price is $118.94 and its 200 day moving average price is $88.85.

Oklo (NYSE:OKLO) last posted its earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter in the prior year, the firm posted ($0.08) earnings per share. As a group, equities research analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OKLO has been the subject of a number of recent research reports. Bank of America reduced their target price on shares of Oklo from $117.00 to $111.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. UBS Group raised their target price on shares of Oklo from $65.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Seaport Res Ptn upgraded Oklo from a “hold” rating to a “strong-buy” rating in a research report on Monday. Cantor Fitzgerald reissued an “overweight” rating and set a $122.00 price objective on shares of Oklo in a research note on Wednesday, November 12th. Finally, Citigroup restated a “neutral” rating on shares of Oklo in a report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $102.87.

Insider Activity at Oklo

In other news, Director Michael Stuart Klein sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total value of $6,688,000.00. Following the sale, the director directly owned 150,000 shares of the company’s stock, valued at approximately $20,064,000. The trade was a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Carroll Murphy Goodwin sold 5,864 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $88.42, for a total transaction of $518,494.88. Following the transaction, the insider directly owned 13,620 shares of the company’s stock, valued at $1,204,280.40. The trade was a 30.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 467,800 shares of company stock valued at $51,531,823 in the last quarter. Corporate insiders own 18.90% of the company’s stock.

Oklo Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.