Oklo Inc. $OKLO Stake Cut by Rakuten Securities Inc.

Rakuten Securities Inc. lessened its holdings in shares of Oklo Inc. (NYSE:OKLO) by 29.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,519 shares of the company’s stock after selling 7,602 shares during the quarter. Rakuten Securities Inc.’s holdings in Oklo were worth $2,067,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in OKLO. Caldwell Sutter Capital Inc. purchased a new position in Oklo during the second quarter valued at approximately $25,000. Private Trust Co. NA purchased a new position in shares of Oklo during the 2nd quarter valued at $25,000. Fourth Dimension Wealth LLC grew its holdings in shares of Oklo by 125.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after acquiring an additional 250 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of Oklo in the third quarter worth $27,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Oklo during the second quarter worth $28,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oklo

In other news, CFO Richard Craig Bealmear sold 5,159 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $76.97, for a total transaction of $397,088.23. Following the transaction, the chief financial officer owned 196,913 shares in the company, valued at approximately $15,156,393.61. The trade was a 2.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 26,740 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $111.38, for a total value of $2,978,301.20. Following the completion of the sale, the chief executive officer owned 808,197 shares of the company’s stock, valued at $90,016,981.86. This represents a 3.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,552,800 shares of company stock worth $137,543,426 over the last 90 days. Company insiders own 18.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OKLO shares. Needham & Company LLC reaffirmed a “buy” rating on shares of Oklo in a research report on Friday, January 9th. William Blair restated an “outperform” rating on shares of Oklo in a report on Wednesday, November 12th. 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 note on Wednesday, November 12th. Wedbush restated an “outperform” rating on shares of Oklo in a research note on Friday, January 9th. Finally, Barclays set a $146.00 price objective on shares of Oklo in a research note on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $102.13.

Oklo Trading Down 1.2%

NYSE OKLO opened at $95.93 on Thursday. Oklo Inc. has a 1 year low of $17.42 and a 1 year high of $193.84. The company has a fifty day simple moving average of $92.13 and a 200 day simple moving average of $93.90. The company has a market cap of $14.99 billion, a P/E ratio of -177.64 and a beta of 0.76.

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