HITE Hedge Asset Management LLC Has $7.44 Million Stake in Oklo Inc. $OKLO

HITE Hedge Asset Management LLC decreased its stake in shares of Oklo Inc. (NYSE:OKLO) by 30.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 103,643 shares of the company’s stock after selling 44,550 shares during the quarter. HITE Hedge Asset Management LLC’s holdings in Oklo were worth $7,437,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Prestige Wealth Management Group LLC grew its position in Oklo by 1.5% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 7,066 shares of the company’s stock valued at $789,000 after purchasing an additional 101 shares during the period. Meriwether Wealth & Planning LLC grew its position in Oklo by 2.7% in the 4th quarter. Meriwether Wealth & Planning LLC now owns 4,545 shares of the company’s stock valued at $326,000 after purchasing an additional 120 shares during the period. Rossby Financial LCC grew its position in Oklo by 75.0% in the 3rd 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 period. NBC Securities Inc. grew its position in Oklo by 75.0% in the 4th 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 period. Finally, Perennial Investment Advisors LLC grew its position in 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. Institutional investors and hedge funds own 85.03% of the company’s stock.

Analysts Set New Price Targets

OKLO has been the subject of several research reports. Craig Hallum reissued a “hold” rating on shares of Oklo in a research report on Wednesday, March 18th. Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Oklo in a research report on Tuesday, May 26th. Bank of America began coverage on shares of Oklo in a research report on Friday, May 22nd. They issued a “buy” rating and a $80.00 price target for the company. Barclays cut their price objective on shares of Oklo from $146.00 to $82.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. began coverage on shares of Oklo in a report on Monday, May 11th. They set a “neutral” rating and a $83.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.78.

Insiders Place Their Bets

In other Oklo news, CFO Richard Craig Bealmear sold 73,081 shares of Oklo stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.42, for a total transaction of $5,000,202.02. Following the transaction, the chief financial officer directly owned 397,642 shares of the company’s stock, valued at $27,206,665.64. The trade was a 15.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William Carroll Murphy Goodwin sold 10,548 shares of Oklo stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total transaction of $612,205.92. Following the transaction, the insider directly owned 36,175 shares in the company, valued at $2,099,597. This represents a 22.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 699,971 shares of company stock valued at $44,221,357 in the last three months. 18.90% of the stock is currently owned by insiders.

Oklo Price Performance

OKLO opened at $57.40 on Friday. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of -68.33 and a beta of 1.10. The firm’s fifty day moving average price is $63.68 and its two-hundred day moving average price is $72.10. Oklo Inc. has a 1 year low of $44.88 and a 1 year high of $193.84.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter in the previous year, the company earned ($0.07) EPS. As a group, equities analysts anticipate that Oklo Inc. will post -0.78 EPS for the current year.

Oklo News Roundup

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: DOE approval of Oklo’s Preliminary Documented Safety Analysis for Aurora-INL advances its Reactor Pilot Program project and reduces regulatory uncertainty. U.S. Department of Energy Approves Preliminary Documented Safety Analysis for Aurora Powerhouse at Idaho National Laboratory
• Positive Sentiment: Growing AI power demand is increasing investor interest in decentralized nuclear and behind-the-meter power solutions, which supports the bull case for Oklo. The 127-Gigawatt Problem: Why AI Needs Its Own Power
• Neutral Sentiment: Commentary articles highlighted Oklo as one of the nuclear names to watch, but they did not add new operating or financial details. Promising Nuclear Stocks To Follow Today – June 9th

About Oklo

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.