Private Advisor Group LLC Has $5.66 Million Stock Holdings in Oklo Inc. $OKLO

Private Advisor Group LLC trimmed its holdings in shares of Oklo Inc. (NYSE:OKLO) by 22.7% in the first quarter, Holdings Channel.com reports. The fund owned 114,026 shares of the company’s stock after selling 33,477 shares during the quarter. Private Advisor Group LLC’s holdings in Oklo were worth $5,655,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. DNB Asset Management AS lifted its stake in Oklo by 151.7% during the fourth quarter. DNB Asset Management AS now owns 28,625 shares of the company’s stock worth $2,054,000 after purchasing an additional 17,253 shares during the period. Van ECK Associates Corp raised 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 buying an additional 1,316,867 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Oklo by 109.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 345,237 shares of the company’s stock worth $24,774,000 after buying an additional 180,377 shares during the period. Prakash Investment Advisors LLC bought a new position in shares of Oklo during the 4th quarter worth approximately $1,246,000. Finally, M&T Bank Corp boosted its stake in Oklo by 740.6% in the 4th quarter. M&T Bank Corp now owns 22,638 shares of the company’s stock valued at $1,625,000 after buying an additional 19,945 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

Insider Activity at Oklo

In other Oklo news, CFO Richard Craig Bealmear sold 73,081 shares of the stock in a transaction dated 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 sale, the chief financial officer owned 397,642 shares of the company’s stock, valued at $27,206,665.64. This represents a 15.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William Carroll Murphy Goodwin sold 10,548 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $58.04, for a total transaction of $612,205.92. Following the completion of the sale, the insider owned 36,175 shares of the company’s stock, valued at $2,099,597. The trade was a 22.58% decrease in their position. 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 sold 623,629 shares of company stock valued at $40,734,208 over the last ninety days. 18.90% of the stock is owned by insiders.

Oklo Stock Down 8.3%

OKLO stock traded down $4.31 during midday trading on Tuesday, reaching $47.53. 2,581,566 shares of the company’s stock traded hands, compared to its average volume of 11,935,329. The company has a 50-day simple moving average of $62.85 and a two-hundred day simple moving average of $67.55. Oklo Inc. has a 1-year low of $44.88 and a 1-year high of $193.84. The company has a market cap of $8.27 billion, a price-to-earnings ratio of -56.32 and a beta of 1.14.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. During the same period in the prior year, the company posted ($0.07) earnings per share. Equities research analysts forecast that Oklo Inc. will post -0.73 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on OKLO. Royal Bank Of Canada set a $80.00 price target on Oklo in a research report on Friday, May 22nd. Needham & Company LLC reduced their target price on shares of Oklo from $135.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Craig Hallum reaffirmed a “hold” rating on shares of Oklo in a report on Wednesday, March 18th. Zacks Research upgraded shares of Oklo from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, Tigress Financial began coverage on shares of Oklo in a report on Monday, April 27th. They set a “buy” rating and a $130.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.18.

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.