State of New Jersey Common Pension Fund D Makes New $4.16 Million Investment in Oklo Inc. $OKLO

State of New Jersey Common Pension Fund D bought a new position in shares of Oklo Inc. (NYSE:OKLO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,285 shares of the company’s stock, valued at approximately $4,162,000.

A number of other institutional investors have also modified their holdings of OKLO. Armstrong Advisory Group Inc. acquired a new stake in Oklo during the third quarter worth about $27,000. Gables Capital Management Inc. acquired a new stake in shares of Oklo during the 3rd quarter worth approximately $28,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Oklo during the 3rd quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB bought a new position in Oklo during the 3rd quarter worth $45,000. Finally, Private Trust Co. NA acquired a new stake in Oklo in the second quarter worth $25,000. Institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Oklo in a research report on Thursday, January 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $122.00 price target on shares of Oklo in a research note on Wednesday, November 12th. Bank of America upgraded shares of Oklo from a “neutral” rating to a “buy” rating and raised their price objective for the company from $111.00 to $127.00 in a research note on Wednesday, January 21st. B. Riley Financial lifted their price target on Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $106.00 target price on shares of Oklo in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.20.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 840,000 shares of Oklo stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $82.32, for a total transaction of $69,148,800.00. Following the completion of the sale, the chief executive officer directly owned 1,580,000 shares in the company, valued at $130,065,600. The trade was a 34.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Craig Bealmear sold 69,841 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $78.40, for a total transaction of $5,475,534.40. Following the completion of the sale, the chief financial officer owned 202,072 shares of the company’s stock, valued at $15,842,444.80. This represents a 25.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,750,590 shares of company stock valued at $152,068,284 in the last quarter. 18.90% of the stock is currently owned by corporate insiders.

Oklo Stock Up 0.1%

OKLO opened at $67.44 on Friday. The firm has a market cap of $10.54 billion, a PE ratio of -124.89 and a beta of 0.76. The business has a fifty day simple moving average of $81.43 and a 200-day simple moving average of $96.39. Oklo Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $193.84.

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.