Van ECK Associates Corp Raises Stock Position in Oklo Inc. $OKLO

Van ECK Associates Corp boosted its position in shares of Oklo Inc. (NYSE:OKLO) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,956,281 shares of the company’s stock after purchasing an additional 481,288 shares during the period. Van ECK Associates Corp’s holdings in Oklo were worth $283,902,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of OKLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 purchasing an additional 2,968,981 shares during the period. Vanguard Group Inc. increased its position in shares of Oklo by 33.4% during the third quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock valued at $1,294,179,000 after acquiring an additional 2,901,909 shares during the last quarter. State Street Corp increased its position in shares of Oklo by 454.5% during the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after acquiring an additional 1,752,946 shares during the last quarter. Norges Bank acquired a new stake in shares of Oklo during the fourth quarter valued at about $73,786,000. Finally, Millennium Management LLC increased its position in shares of Oklo by 4,974.1% during the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after acquiring an additional 570,532 shares during the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Oklo

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

Insider Transactions at Oklo

In other news, CEO Jacob Dewitte sold 140,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.29, for a total value of $9,560,600.00. Following the completion of the transaction, the chief executive officer owned 538,039 shares in the company, valued at approximately $36,742,683.31. This represents a 20.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Craig Bealmear sold 73,081 shares of the company’s 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 completion of the transaction, the chief financial officer owned 397,642 shares of the company’s stock, valued at approximately $27,206,665.64. The trade was a 15.53% 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 699,971 shares of company stock worth $44,221,357. 18.90% of the stock is currently owned by insiders.

Oklo Stock Down 0.8%

Shares of Oklo stock opened at $57.40 on Friday. Oklo Inc. has a 52-week low of $44.88 and a 52-week high of $193.84. The company has a 50 day moving average of $63.68 and a 200 day moving average of $72.10. The company has a market capitalization of $9.99 billion, a P/E ratio of -68.33 and a beta of 1.10.

Oklo (NYSE:OKLO) last issued its quarterly earnings results 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 posted ($0.07) earnings per share. As a group, research analysts anticipate that Oklo Inc. will post -0.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of Oklo in a research report on Monday, May 11th. They set a “neutral” rating and a $83.00 price target for the company. UBS Group dropped their price objective on shares of Oklo from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday. Bank of America initiated coverage on shares of Oklo in a report on Friday, May 22nd. They issued a “buy” rating and a $80.00 price objective for the company. The Goldman Sachs Group dropped their price objective on shares of Oklo from $91.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. Finally, Zacks Research upgraded shares of Oklo from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.78.

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.