Oklo Inc. $OKLO Shares Sold by Nicholas Investment Partners LP

Nicholas Investment Partners LP lowered its stake in shares of Oklo Inc. (NYSE:OKLO) by 46.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,496 shares of the company’s stock after selling 14,548 shares during the period. Nicholas Investment Partners LP’s holdings in Oklo were worth $1,184,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OKLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Oklo by 71.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock worth $792,822,000 after buying an additional 2,968,981 shares during the last quarter. Vanguard Group Inc. boosted its stake in Oklo by 33.4% during the third quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock worth $1,294,179,000 after buying an additional 2,901,909 shares during the last quarter. State Street Corp boosted its stake in Oklo by 454.5% during the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock worth $119,743,000 after buying an additional 1,752,946 shares during the last quarter. Van ECK Associates Corp boosted its stake in Oklo by 61.0% during the third quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock worth $387,914,000 after buying an additional 1,316,867 shares during the last quarter. Finally, Norges Bank acquired a new position in Oklo during the fourth quarter worth $73,786,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Transactions at Oklo

In other news, insider William Carroll Murphy Goodwin sold 10,548 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 36,175 shares of the company’s stock, valued at approximately $2,099,597. This represents a 22.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jacob Dewitte sold 140,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $50.39, for a total value of $7,054,600.00. Following the completion of the transaction, the chief executive officer directly owned 656,483 shares of the company’s stock, valued at $33,080,178.37. The trade was a 17.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 699,971 shares of company stock valued at $44,221,357. Corporate insiders own 18.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group lowered their price objective on Oklo from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday. Bank of America assumed coverage on Oklo in a report on Friday, May 22nd. They issued a “buy” rating and a $80.00 price objective on the stock. Tigress Financial assumed coverage on Oklo in a report on Monday, April 27th. They set a “buy” rating and a $130.00 price target on the stock. Craig Hallum restated a “hold” rating on shares of Oklo in a report on Wednesday, March 18th. Finally, Barclays lowered their price objective on Oklo from $146.00 to $82.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.78.

More Oklo News

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

Oklo Trading Down 0.8%

Oklo stock opened at $57.40 on Friday. Oklo Inc. has a twelve month low of $44.88 and a twelve month high of $193.84. The stock has a 50 day moving average of $63.68 and a two-hundred day moving average of $72.10. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of -68.33 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, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same period last year, the firm earned ($0.07) EPS. Equities analysts predict 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.