Themes Management Co LLC Buys New Position in Oklo Inc. $OKLO

Themes Management Co LLC bought a new stake in Oklo Inc. (NYSE:OKLO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,046 shares of the company’s stock, valued at approximately $577,000.

Other institutional investors have also added to or reduced their stakes in the company. Gables Capital Management Inc. bought a new stake in Oklo in the third quarter valued at approximately $28,000. Nemes Rush Group LLC bought a new stake in Oklo in the third quarter valued at approximately $28,000. CI Investments Inc. boosted its holdings in Oklo by 153.0% in the third quarter. CI Investments Inc. now owns 296 shares of the company’s stock valued at $33,000 after acquiring an additional 179 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Oklo in the third quarter valued at approximately $33,000. Finally, Comprehensive Financial Planning Inc. PA boosted its holdings in Oklo by 950.0% in the third quarter. Comprehensive Financial Planning Inc. PA now owns 315 shares of the company’s stock valued at $35,000 after acquiring an additional 285 shares during the last quarter. 85.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Richard Craig Bealmear sold 72,090 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $60.00, for a total value of $4,325,400.00. Following the transaction, the chief financial officer directly owned 386,008 shares in the company, valued at $23,160,480. This trade represents a 15.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jacob Dewitte sold 140,000 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $50.39, for a total value of $7,054,600.00. Following the completion of the transaction, the chief executive officer owned 656,483 shares in the company, valued at approximately $33,080,178.37. This represents a 17.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 819,588 shares of company stock worth $49,774,300. 18.90% of the stock is owned by company insiders.

Oklo Stock Performance

Oklo stock opened at $65.76 on Tuesday. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of -78.28 and a beta of 1.16. Oklo Inc. has a 52-week low of $43.63 and a 52-week high of $193.84. The stock’s 50 day moving average price is $61.08 and its two-hundred day moving average price is $75.78.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same period in the prior year, the firm earned ($0.07) EPS. On average, equities research analysts forecast that Oklo Inc. will post -0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OKLO. Weiss Ratings upgraded Oklo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. Bank of America initiated coverage on Oklo in a report on Friday. They set a “buy” rating and a $80.00 price target on the stock. The Goldman Sachs Group cut their price target on Oklo from $91.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Barclays cut their price target on Oklo from $146.00 to $82.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Finally, Canaccord Genuity Group cut their price target on Oklo from $175.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.58.

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.