Tcfg Wealth Management LLC Sells 20,685 Shares of Oklo Inc. $OKLO

Tcfg Wealth Management LLC lessened its stake in shares of Oklo Inc. (NYSE:OKLO) by 77.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,915 shares of the company’s stock after selling 20,685 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Oklo were worth $293,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Oklo by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company’s stock valued at $835,107,000 after acquiring an additional 44,036 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Oklo by 71.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock worth $792,822,000 after acquiring an additional 2,968,981 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Oklo by 13.9% during the fourth quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock worth $283,902,000 after acquiring an additional 481,288 shares during the period. State Street Corp grew its position in shares of Oklo by 23.6% in the fourth quarter. State Street Corp now owns 3,060,220 shares of the company’s stock valued at $219,601,000 after purchasing an additional 584,184 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Oklo by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock valued at $201,671,000 after purchasing an additional 185,265 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on OKLO shares. Weiss Ratings raised Oklo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. B. Riley Financial reduced their price target on Oklo from $129.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Craig Hallum reaffirmed a “hold” rating on shares of Oklo in a report on Wednesday, March 18th. Tigress Financial initiated coverage on Oklo in a research report on Monday, April 27th. They set a “buy” rating and a $130.00 price objective on the stock. Finally, Guggenheim assumed coverage on Oklo in a report on Thursday, June 25th. They set a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.18.

Oklo Trading Down 0.6%

Shares of OKLO opened at $52.44 on Wednesday. Oklo Inc. has a 12 month low of $44.88 and a 12 month high of $193.84. The firm’s 50 day moving average is $64.25 and its 200-day moving average is $68.59. The stock has a market capitalization of $9.12 billion, a PE ratio of -62.43 and a beta of 1.10.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter last year, the company earned ($0.07) earnings per share. Equities research analysts predict that Oklo Inc. will post -0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 140,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $68.29, for a total transaction of $9,560,600.00. Following the sale, the chief executive officer directly owned 538,039 shares of the company’s stock, valued at approximately $36,742,683.31. This represents a 20.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William Carroll Murphy Goodwin sold 10,548 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total value of $612,205.92. Following the sale, the insider directly owned 36,175 shares in the company, valued at approximately $2,099,597. This trade represents a 22.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 483,629 shares of company stock worth $33,317,008 in the last 90 days. Company insiders own 18.90% of the company’s stock.

Oklo News Summary

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo announced the acquisition of Creative Engineers, Inc. (CEI), adding expertise in sodium and alkali-metal systems, component development, fabrication, and applied R&D to help accelerate commercialization of its Aurora reactor program. Oklo Acquires Creative Engineers to Strengthen Sodium, Alkali-Metal Capabilities
• Positive Sentiment: The CEI deal is being viewed as a way to remove a key bottleneck for Aurora commercialization, while also bringing a cash flow-positive business and more technical capabilities in-house. Oklo’s Second Acquisition In Weeks Targets A Key Aurora Bottleneck – What Investors Need To Know
• Positive Sentiment: Investor interest in advanced nuclear names remains elevated, with Oklo cited alongside peers as policy support and growing demand for advanced nuclear development keep the sector in focus. Why DOE’s July 4 Reactor Deadline Matters to Nuclear Stocks
• Positive Sentiment: Analyst and market commentary continue to highlight Oklo as one of the more closely watched advanced nuclear stocks, which can help sustain trading momentum. Why DOE’s July 4 Reactor Deadline Matters to Nuclear Stocks
• Neutral Sentiment: Several “which nuclear stock is better” and “nuclear stocks to watch” articles are keeping OKLO in the conversation, but these are mostly sentiment-driven and do not add new company-specific fundamentals. OKLO or NNE: Which Nuclear Name Deserves Your Attention?
• Negative Sentiment: Despite the upbeat acquisition and policy headlines, Oklo’s shares remain well below recent moving averages, suggesting investors are still weighing execution risk and valuation concerns.

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.