Oklo Inc. $OKLO Position Increased by Van ECK Associates Corp

Van ECK Associates Corp grew its position in shares of Oklo Inc. (NYSE:OKLO) by 61.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,474,993 shares of the company’s stock after purchasing an additional 1,316,867 shares during the quarter. Van ECK Associates Corp’s holdings in Oklo were worth $387,914,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Plancorp LLC increased its holdings in shares of Oklo by 1.2% in the 3rd quarter. Plancorp LLC now owns 6,089 shares of the company’s stock worth $680,000 after acquiring an additional 73 shares during the period. Parkside Financial Bank & Trust grew its holdings in Oklo by 3.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,622 shares of the company’s stock worth $293,000 after buying an additional 94 shares in the last quarter. Prestige Wealth Management Group LLC raised its stake in Oklo by 1.5% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 7,066 shares of the company’s stock valued at $789,000 after acquiring an additional 101 shares in the last quarter. Rossby Financial LCC grew its stake in shares of Oklo by 75.0% in the third quarter. Rossby Financial LCC now owns 350 shares of the company’s stock worth $41,000 after purchasing an additional 150 shares in the last quarter. Finally, Perennial Investment Advisors LLC raised its stake in shares of Oklo by 3.4% during the third quarter. Perennial Investment Advisors LLC now owns 4,676 shares of the company’s stock valued at $522,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

Insider Activity

In other news, CEO Jacob Dewitte sold 60,001 shares of Oklo stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $62.60, for a total value of $3,756,062.60. Following the transaction, the chief executive officer directly owned 688,196 shares of the company’s stock, valued at $43,081,069.60. This trade represents a 8.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard Craig Bealmear sold 9,726 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were 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 owned 196,913 shares of the company’s stock, valued at approximately $15,148,517.09. This trade represents a 4.71% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,944,726 shares of company stock worth $164,208,389. Corporate insiders own 18.90% of the company’s stock.

Oklo Stock Up 5.9%

OKLO opened at $61.71 on Tuesday. The firm has a market cap of $9.64 billion, a PE ratio of -114.27 and a beta of 0.81. The business has a fifty day simple moving average of $77.38 and a 200-day simple moving average of $95.83. Oklo Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $193.84.

Wall Street Analysts Forecast Growth

OKLO has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Oklo from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $106.00 price target on shares of Oklo in a research report on Friday, January 9th. Needham & Company LLC restated a “buy” rating on shares of Oklo in a report on Friday, January 9th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $122.00 target price on shares of Oklo in a research note on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oklo in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.93.

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.