Matisse Capital Makes New $649,000 Investment in Oklo Inc. $OKLO

Matisse Capital bought a new position in shares of Oklo Inc. (NYSE:OKLO) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 5,814 shares of the company’s stock, valued at approximately $649,000.

A number of other hedge funds have also modified their holdings of OKLO. Royal Bank of Canada boosted its stake in Oklo by 162.6% during the 1st quarter. Royal Bank of Canada now owns 92,850 shares of the company’s stock worth $2,009,000 after acquiring an additional 57,497 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Oklo in the first quarter worth $519,000. Millennium Management LLC boosted 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 worth $12,589,000 after purchasing an additional 570,532 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Oklo by 165.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock valued at $339,000 after buying an additional 9,772 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Oklo by 90.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company’s stock valued at $2,439,000 after buying an additional 53,703 shares during the period. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $122.00 price objective on shares of Oklo in a research note on Wednesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating on shares of Oklo in a research report on Friday, January 9th. B. Riley boosted their price objective on Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Citigroup reissued a “neutral” rating on shares of Oklo in a research note on Monday, November 24th. Finally, Zacks Research upgraded shares of Oklo from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $102.13.

Oklo Price Performance

OKLO opened at $94.85 on Tuesday. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of -175.65 and a beta of 0.76. The business’s 50-day moving average price is $91.15 and its two-hundred day moving average price is $95.04. Oklo Inc. has a 1 year low of $17.42 and a 1 year high of $193.84.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same period last year, the company posted ($0.08) earnings per share. Sell-side analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Transactions at Oklo

In related news, insider William Carroll Murphy Goodwin sold 11,936 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $101.84, for a total value of $1,215,562.24. Following the completion of the transaction, the insider owned 8,750 shares of the company’s stock, valued at approximately $891,100. This trade represents a 57.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jacob Dewitte sold 840,000 shares of Oklo stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $82.32, for a total transaction of $69,148,800.00. Following the completion of the sale, the chief executive officer owned 1,580,000 shares in the company, valued at $130,065,600. The trade was a 34.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,552,800 shares of company stock valued at $137,543,426 in the last ninety days. 18.90% of the stock is currently owned by corporate insiders.

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.