State of New Jersey Common Pension Fund D Makes New $4.16 Million Investment in Oklo Inc. $OKLO

State of New Jersey Common Pension Fund D acquired a new stake in shares of Oklo Inc. (NYSE:OKLO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 37,285 shares of the company’s stock, valued at approximately $4,162,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Plancorp LLC boosted its holdings in Oklo by 1.2% in the third quarter. Plancorp LLC now owns 6,089 shares of the company’s stock valued at $680,000 after acquiring an additional 73 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Oklo by 3.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,622 shares of the company’s stock valued at $293,000 after purchasing an additional 94 shares in the last quarter. Howard Financial Services LTD. lifted its stake in shares of Oklo by 3.8% in the 3rd quarter. Howard Financial Services LTD. now owns 4,333 shares of the company’s stock valued at $484,000 after purchasing an additional 158 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Oklo by 4.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 4,360 shares of the company’s stock worth $487,000 after purchasing an additional 169 shares during the period. Finally, KBC Group NV increased its position in Oklo by 11.8% during the 2nd quarter. KBC Group NV now owns 1,849 shares of the company’s stock worth $104,000 after purchasing an additional 195 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Stock Up 0.1%

OKLO stock opened at $67.44 on Friday. The stock’s 50 day moving average is $81.43 and its two-hundred day moving average is $96.39. Oklo Inc. has a 52-week low of $17.42 and a 52-week high of $193.84. The company has a market capitalization of $10.54 billion, a PE ratio of -124.89 and a beta of 0.76.

Analysts Set New Price Targets

OKLO has been the topic of a number of recent research reports. UBS Group reaffirmed a “neutral” rating on shares of Oklo in a research report on Monday, January 12th. B. Riley Financial upped their price target on shares of Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Needham & Company LLC reissued a “buy” rating on shares of Oklo in a research report on Friday, January 9th. Wedbush reaffirmed an “outperform” rating on shares of Oklo in a research report on Friday, January 9th. Finally, Texas Capital raised Oklo to a “strong-buy” rating in a research report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $103.20.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 60,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $74.45, for a total transaction of $4,467,000.00. Following the transaction, the chief executive officer directly owned 748,197 shares in the company, valued at $55,703,266.65. This represents a 7.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard Craig Bealmear sold 9,726 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $76.93, for a total transaction of $748,221.18. Following the completion of the sale, the chief financial officer directly owned 196,913 shares of the company’s stock, valued at $15,148,517.09. The trade was a 4.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,750,590 shares of company stock worth $152,068,284 over the last ninety days. 18.90% of the stock is currently owned by corporate insiders.

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.