Truist Financial Corp Sells 8,752 Shares of Oklo Inc. $OKLO

Truist Financial Corp cut its position in shares of Oklo Inc. (NYSE:OKLO) by 33.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,139 shares of the company’s stock after selling 8,752 shares during the period. Truist Financial Corp’s holdings in Oklo were worth $1,230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Oklo by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company’s stock valued at $835,107,000 after purchasing an additional 44,036 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Oklo by 71.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock valued at $792,822,000 after purchasing an additional 2,968,981 shares in the last quarter. Van ECK Associates Corp raised its position in Oklo by 61.0% during the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock valued at $387,914,000 after purchasing an additional 1,316,867 shares in the last quarter. State Street Corp raised its position in Oklo by 454.5% during the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after purchasing an additional 1,752,946 shares in the last quarter. Finally, Northern Trust Corp raised its position in Oklo by 18.9% during the 3rd quarter. Northern Trust Corp now owns 966,459 shares of the company’s stock valued at $107,886,000 after purchasing an additional 153,288 shares in the last quarter. 85.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Oklo

In related news, CEO Jacob Dewitte sold 140,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $50.39, for a total transaction of $7,054,600.00. Following the transaction, the chief executive officer directly owned 656,483 shares in the company, valued at $33,080,178.37. The trade was a 17.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard Craig Bealmear sold 72,090 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $60.00, for a total value of $4,325,400.00. Following the transaction, the chief financial officer owned 386,008 shares in the company, valued at approximately $23,160,480. This trade represents a 15.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 809,040 shares of company stock worth $49,162,094. 18.90% of the stock is owned by company insiders.

Key Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: HC Wainwright raised its earnings estimates for Oklo across multiple periods and reiterated a Buy rating with a $90 price target, signaling improved expectations for the company’s loss trajectory and future operating outlook. Source article
• Positive Sentiment: Analysts and market commentary continue to point to Oklo’s regulatory progress, including NRC approval of its Principal Design Criteria topical report, which helps de-risk its Aurora powerhouse program and supports the bullish long-term SMR thesis. Source article
• Positive Sentiment: Several recent articles emphasized Oklo’s AI and nuclear commercialization potential, including its partnership with Idaho National Laboratory to use AI tools to accelerate reactor and fuel-system design, reinforcing the growth narrative. Source article
• Neutral Sentiment: Media coverage highlighting Oklo as a “must-watch” nuclear stock and broader bullish themes around decentralized power and data-center energy demand added attention, but did not materially change the company’s near-term fundamentals. Source article
• Negative Sentiment: Investors remain focused on ongoing losses and cash burn after Oklo’s wider-than-expected quarterly loss, and a new $1 billion at-the-market equity offering raised dilution concerns, which weighed on sentiment. Source article

Oklo Trading Down 7.4%

Shares of NYSE:OKLO opened at $62.26 on Friday. Oklo Inc. has a 12-month low of $34.88 and a 12-month high of $193.84. The business’s fifty day simple moving average is $60.92 and its 200-day simple moving average is $79.08. The company has a market capitalization of $10.83 billion, a PE ratio of -74.12 and a beta of 1.16.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. During the same period in the previous year, the company earned ($0.07) earnings per share. Research analysts predict that Oklo Inc. will post -0.77 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on OKLO. HSBC began coverage on Oklo in a research report on Thursday, April 23rd. They set a “buy” rating and a $96.00 target price for the company. UBS Group decreased their target price on Oklo from $95.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Craig Hallum reiterated a “hold” rating on shares of Oklo in a report on Wednesday, March 18th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $122.00 price target on shares of Oklo in a report on Wednesday. Finally, Citigroup lifted their price target on Oklo from $73.50 to $76.00 and gave the company a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Oklo presently has an average rating of “Moderate Buy” and a consensus price target of $85.33.

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.