Mcguire Capital Advisors Inc. Invests $1.56 Million in Oklo Inc. $OKLO

Mcguire Capital Advisors Inc. bought a new stake in shares of Oklo Inc. (NYSE:OKLO) in the 4th quarter, HoldingsChannel reports. The firm bought 21,806 shares of the company’s stock, valued at approximately $1,565,000. Oklo accounts for about 1.0% of Mcguire Capital Advisors Inc.’s holdings, making the stock its 25th largest position.

A number of other large investors have also recently added to or reduced their stakes in OKLO. Prestige Wealth Management Group LLC lifted its position in shares of Oklo by 1.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 7,066 shares of the company’s stock valued at $789,000 after acquiring an additional 101 shares during the last quarter. Meriwether Wealth & Planning LLC raised its position in shares of Oklo by 2.7% during the fourth quarter. Meriwether Wealth & Planning LLC now owns 4,545 shares of the company’s stock worth $326,000 after purchasing an additional 120 shares during the period. Rossby Financial LCC lifted its holdings in shares of Oklo by 75.0% during the third quarter. Rossby Financial LCC now owns 350 shares of the company’s stock valued at $41,000 after purchasing an additional 150 shares during the last quarter. NBC Securities Inc. lifted its holdings in shares of 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 purchasing an additional 150 shares during the last quarter. Finally, Perennial Investment Advisors LLC boosted its position in shares of Oklo by 3.4% in the 3rd quarter. Perennial Investment Advisors LLC now owns 4,676 shares of the company’s stock valued at $522,000 after purchasing an additional 154 shares during the period. 85.03% of the stock is currently owned by institutional investors.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo secured a fuel supply agreement with Centrus Energy to provide enough domestic HALEU to power up to five Aurora reactors, reducing a major development risk and improving visibility on future deployment. Oklo (OKLO) Secures Centrus Fuel Deal For Five Aurora Reactors
• Positive Sentiment: Reports that Siemens Energy’s turbine package is advancing for Oklo’s Aurora-INL project add credibility to the company’s commercialization timeline and broader project execution. In a First for Advanced Nuclear: Siemens Energy Turbine Package Advances for Oklo’s Aurora-INL
• Neutral Sentiment: Commentary around Oklo’s post-correction valuation suggests the stock may be cheaper than earlier in the year, but the company remains pre-revenue and faces a long path to commercialization. After an 18% Correction YTD, Is OKLO Stock a Better Bet?
• Negative Sentiment: Analyst-style coverage continues to highlight that Oklo’s fuel deal helps, but it does not eliminate execution risk; investors still question whether the company has fully solved the nuclear fuel problem. Oklo Looks to Centrus to Supply Nuclear Fuel for Ohio Site

Wall Street Analyst Weigh In

OKLO has been the topic of a number of analyst reports. Needham & Company LLC dropped their price target on Oklo from $135.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Wolfe Research started coverage on shares of Oklo in a research note on Tuesday, May 19th. They set a “peer perform” rating for the company. Wedbush reiterated an “outperform” rating and issued a $110.00 target price on shares of Oklo in a report on Tuesday, May 26th. Canaccord Genuity Group dropped their target price 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, Tigress Financial began coverage on shares of Oklo in a report on Monday, April 27th. They set a “buy” rating and a $130.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.78.

Insider Buying and Selling at Oklo

In other news, CFO Richard Craig Bealmear sold 73,081 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $68.42, for a total value of $5,000,202.02. Following the transaction, the chief financial officer owned 397,642 shares in the company, valued at $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 available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jacob Dewitte sold 140,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 656,483 shares of the company’s stock, valued at $33,080,178.37. This trade represents a 17.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 699,971 shares of company stock valued at $44,221,357 in the last 90 days. 18.90% of the stock is currently owned by corporate insiders.

Oklo Trading Up 4.0%

Shares of OKLO stock opened at $61.15 on Friday. Oklo Inc. has a 1-year low of $44.88 and a 1-year high of $193.84. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of -72.80 and a beta of 1.10. The stock’s fifty day simple moving average is $64.61 and its 200-day simple moving average is $71.15.

Oklo (NYSE:OKLO) last posted 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 business earned ($0.07) EPS. On average, sell-side analysts predict that Oklo Inc. will post -0.78 EPS for the current year.

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.