SEB Asset Management AB Acquires Shares of 22,769 Oklo Inc. $OKLO

SEB Asset Management AB bought a new stake in Oklo Inc. (NYSE:OKLO) in the 1st quarter, Holdings Channel.com reports. The fund bought 22,769 shares of the company’s stock, valued at approximately $1,129,000.

Several other large investors have also made changes to their positions in the company. NBC Securities Inc. boosted its holdings in Oklo by 75.0% in the fourth quarter. NBC Securities Inc. now owns 350 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. GAMMA Investing LLC increased its position in Oklo by 356.2% in the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock worth $26,000 after purchasing an additional 285 shares during the period. Gilpin Wealth Management LLC bought a new stake in Oklo during the 4th quarter worth about $29,000. Wilmington Savings Fund Society FSB bought a new stake in Oklo during the 3rd quarter worth about $45,000. Finally, Triumph Capital Management acquired a new position in Oklo during the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Activity

In related news, CEO Jacob Dewitte sold 140,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was 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 directly owned 538,039 shares in the company, valued at approximately $36,742,683.31. The trade was a 20.65% decrease in their position. The sale was disclosed in a document filed 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, CFO Richard Craig Bealmear sold 73,081 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $68.42, for a total value of $5,000,202.02. Following the sale, the chief financial officer directly 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 683,629 shares of company stock worth $43,902,208 in the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Oklo Trading Down 1.0%

Shares of Oklo stock opened at $44.05 on Friday. The stock’s fifty day simple moving average is $55.90 and its 200 day simple moving average is $64.59. The company has a market capitalization of $7.66 billion, a PE ratio of -52.44 and a beta of 1.14. Oklo Inc. has a 12 month low of $39.53 and a 12 month high of $193.84.

Oklo (NYSE:OKLO) last posted its earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. During the same period last year, the firm earned ($0.07) earnings per share. Analysts predict that Oklo Inc. will post -0.74 EPS for the current fiscal year.

Trending Headlines about Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo was reported to be part of a new $200 million federal program to accelerate nuclear power for AI data centers, boosting enthusiasm for its growth prospects and potential future contracts. Oklo Joins Trump’s $200M Nuclear Push for AI. Here’s What It Means for OKLO Stock.
• Positive Sentiment: The U.S. Department of Energy granted startup authorization for Oklo’s Groves reactor, clearing the way for fuel loading, startup testing, and first criticality — a concrete regulatory milestone that reduces project risk. Oklo Receives U.S. Department of Energy Startup Authorization for Groves Reactor, Clearing Way for Fuel Loading and First Criticality
• Positive Sentiment: Reports of institutional and options activity suggest some traders are betting on a rebound in Oklo after its sharp pullback from prior highs, adding to near-term trading momentum. The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wolfe Research initiated coverage on shares of Oklo in a research note on Tuesday, May 19th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. began coverage on shares of Oklo in a research note on Monday, May 11th. They set a “neutral” rating and a $83.00 price target for the company. HSBC started coverage on shares of Oklo in a report on Thursday, April 23rd. They issued a “buy” rating and a $96.00 price objective on the stock. Tigress Financial started coverage on shares of Oklo in a report on Monday, April 27th. They set a “buy” rating and a $130.00 target price for the company. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $122.00 target price on shares of Oklo in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.65.

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.