Virtu Financial LLC increased its position in shares of Oklo Inc. (NYSE:OKLO – Free Report) by 21.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 113,511 shares of the company’s stock after acquiring an additional 20,236 shares during the period. Oklo accounts for 0.3% of Virtu Financial LLC’s holdings, making the stock its 16th biggest position. Virtu Financial LLC’s holdings in Oklo were worth $8,145,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of OKLO. Vanguard Group Inc. grew its holdings in Oklo by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company’s stock valued at $835,107,000 after purchasing an additional 44,036 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Oklo by 71.8% during the 3rd 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. Van ECK Associates Corp boosted its position in shares of Oklo by 13.9% in the 4th quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock worth $283,902,000 after buying an additional 481,288 shares in the last quarter. State Street Corp boosted its position in shares of Oklo by 23.6% in the 4th quarter. State Street Corp now owns 3,060,220 shares of the company’s stock worth $219,601,000 after buying an additional 584,184 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Oklo by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock valued at $201,671,000 after acquiring an additional 185,265 shares during the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, insider William Carroll Murphy Goodwin sold 10,548 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $58.04, for a total transaction of $612,205.92. Following the transaction, the insider owned 36,175 shares of the company’s stock, valued at approximately $2,099,597. This represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Richard Craig Bealmear sold 73,081 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $68.42, for a total transaction of $5,000,202.02. Following the sale, the chief financial officer owned 397,642 shares in the company, valued at approximately $27,206,665.64. This trade represents a 15.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 699,971 shares of company stock valued at $44,221,357 over the last 90 days. Insiders own 18.90% of the company’s stock.
Key Headlines Impacting Oklo
- Positive Sentiment: Oklo secured a fuel supply agreement with Centrus Energy to provide enough domestic HALEU to power up to five Aurora reactors, reducing a major development risk and improving visibility on future deployment. Oklo (OKLO) Secures Centrus Fuel Deal For Five Aurora Reactors
- Positive Sentiment: Reports that Siemens Energy’s turbine package is advancing for Oklo’s Aurora-INL project add credibility to the company’s commercialization timeline and broader project execution. In a First for Advanced Nuclear: Siemens Energy Turbine Package Advances for Oklo’s Aurora-INL
- Neutral Sentiment: Commentary around Oklo’s post-correction valuation suggests the stock may be cheaper than earlier in the year, but the company remains pre-revenue and faces a long path to commercialization. After an 18% Correction YTD, Is OKLO Stock a Better Bet?
- Negative Sentiment: Analyst-style coverage continues to highlight that Oklo’s fuel deal helps, but it does not eliminate execution risk; investors still question whether the company has fully solved the nuclear fuel problem. Oklo Looks to Centrus to Supply Nuclear Fuel for Ohio Site
Oklo Trading Up 4.0%
Shares of OKLO stock opened at $61.15 on Friday. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of -72.80 and a beta of 1.10. The firm has a 50-day moving average price of $64.61 and a 200 day moving average price of $71.15. Oklo Inc. has a twelve month low of $44.88 and a twelve month high of $193.84.
Oklo (NYSE:OKLO – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.01. During the same quarter last year, the firm earned ($0.07) EPS. As a group, research analysts predict that Oklo Inc. will post -0.78 earnings per share for the current year.
Analyst Upgrades and Downgrades
OKLO has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Oklo in a report on Monday, May 11th. They set a “neutral” rating and a $83.00 target price for the company. HC Wainwright reaffirmed a “buy” rating and issued a $90.00 price target on shares of Oklo in a report on Wednesday, March 18th. Tigress Financial began coverage on shares of Oklo in a research report on Monday, April 27th. They issued a “buy” rating and a $130.00 price target on the stock. Bank of America assumed coverage on shares of Oklo in a research note on Friday, May 22nd. They set a “buy” rating and a $80.00 price objective for the company. Finally, The Goldman Sachs Group cut their price objective on Oklo from $91.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Oklo has a consensus rating of “Moderate Buy” and a consensus price target of $82.78.
Get Our Latest Stock Report on Oklo
Oklo 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.
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