Oklo Inc. $OKLO Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in shares of Oklo Inc. (NYSE:OKLO) by 82.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,717 shares of the company’s stock after purchasing an additional 21,157 shares during the period. Intech Investment Management LLC’s holdings in Oklo were worth $3,352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Caprock Group LLC acquired a new stake in shares of Oklo in the 3rd quarter worth about $14,829,000. Envestnet Asset Management Inc. increased its holdings in shares of Oklo by 298.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 23,396 shares of the company’s stock worth $2,612,000 after acquiring an additional 17,526 shares during the period. DNB Asset Management AS increased its holdings in shares of Oklo by 151.7% in the 4th quarter. DNB Asset Management AS now owns 28,625 shares of the company’s stock worth $2,054,000 after acquiring an additional 17,253 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Oklo in the 3rd quarter worth about $2,177,000. Finally, Van ECK Associates Corp increased its holdings in shares of Oklo by 61.0% in the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock worth $387,914,000 after acquiring an additional 1,316,867 shares during the period. 85.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Richard Craig Bealmear sold 72,090 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $60.00, for a total transaction of $4,325,400.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jacob Dewitte sold 140,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $70.50, for a total transaction of $9,870,000.00. Following the transaction, the chief executive officer owned 598,039 shares of the company’s stock, valued at approximately $42,161,749.50. This trade represents a 18.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 619,588 shares of company stock worth $37,115,701. Corporate insiders own 18.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Oklo from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. Wolfe Research assumed coverage on shares of Oklo in a report on Tuesday, May 19th. They issued a “peer perform” rating on the stock. Canaccord Genuity Group dropped their price objective on shares of Oklo from $175.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Barclays lowered their target price on shares of Oklo from $146.00 to $82.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Finally, Weiss Ratings raised shares of Oklo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.06.

Oklo Trading Up 0.5%

NYSE:OKLO opened at $67.20 on Tuesday. Oklo Inc. has a twelve month low of $44.88 and a twelve month high of $193.84. The company has a 50-day moving average of $62.05 and a 200-day moving average of $74.26. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of -80.00 and a beta of 1.10.

Oklo (NYSE:OKLO) last posted its quarterly earnings data 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 quarter in the prior year, the business posted ($0.07) EPS. On average, research analysts forecast that Oklo Inc. will post -0.78 earnings per share for the current year.

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.