Leonteq Securities AG lifted its stake in Oklo Inc. (NYSE:OKLO – Free Report) by 85.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,773 shares of the company’s stock after purchasing an additional 20,168 shares during the quarter. Leonteq Securities AG’s holdings in Oklo were worth $2,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada increased 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 valued at $2,009,000 after purchasing an additional 57,497 shares in the last quarter. AQR Capital Management LLC purchased a new position in Oklo in the first quarter worth about $519,000. Millennium Management LLC lifted its stake in shares of Oklo by 4,974.1% in the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after buying an additional 570,532 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Oklo by 165.6% in the first quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock worth $339,000 after buying an additional 9,772 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Oklo by 90.9% during the first 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 last quarter. Institutional investors own 85.03% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Citigroup raised their price target on shares of Oklo from $73.50 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $122.00 price objective on shares of Oklo in a research report on Wednesday, May 13th. HSBC assumed coverage on Oklo in a research note on Thursday, April 23rd. They set a “buy” rating and a $96.00 target price on the stock. HC Wainwright reissued a “buy” rating and issued a $90.00 target price on shares of Oklo in a report on Wednesday, March 18th. Finally, Bank of America assumed coverage on Oklo in a research note on Friday, May 22nd. They issued a “buy” rating and a $80.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.18.
Oklo Stock Down 0.0%
Shares of OKLO stock opened at $52.44 on Friday. The company has a 50 day moving average price of $63.73 and a 200-day moving average price of $67.98. Oklo Inc. has a 52 week low of $44.88 and a 52 week high of $193.84. The firm has a market capitalization of $9.12 billion, a PE ratio of -62.43 and a beta of 1.14.
Oklo (NYSE:OKLO – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.01. During the same quarter in the previous year, the firm earned ($0.07) EPS. Analysts anticipate that Oklo Inc. will post -0.73 earnings per share for the current year.
Insiders Place Their Bets
In other Oklo news, CFO Richard Craig Bealmear sold 73,081 shares of Oklo stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $68.42, for a total value of $5,000,202.02. Following the completion of the sale, the chief financial officer owned 397,642 shares of the company’s stock, valued at approximately $27,206,665.64. The trade was a 15.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jacob Dewitte sold 140,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $52.98, for a total transaction of $7,417,200.00. Following the sale, the chief executive officer owned 478,039 shares of the company’s stock, valued at approximately $25,326,506.22. This represents a 22.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 623,629 shares of company stock valued at $40,734,208. Company insiders own 18.90% of the company’s stock.
More Oklo News
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: The U.S. Department of Energy approved the Documented Safety Analysis for Oklo’s Groves Isotope Test Reactor, moving the project into the final pre-startup review phase and keeping the path open for a potential July launch. U.S. Department of Energy Approves Final Safety Analysis for Oklo’s Groves Isotope Test Reactor
- Positive Sentiment: Investor interest was supported by reports that the Groves reactor is nearing go-live and could help Oklo build a domestic supply chain for medical and industrial isotopes, a potentially important commercial opportunity. How Investors May Respond To Oklo (OKLO) Advancing Groves Reactor To Final DOE Safety Review Phase
- Positive Sentiment: Oklo also said its CEI acquisition brings sodium engineering in-house, which could help accelerate Aurora reactor development and reduce execution risk. OKLO’s Latest Deal Brings Critical Engineering In-House
- Neutral Sentiment: Craig-Hallum maintained a Hold rating on Oklo, suggesting analysts remain cautious even as project milestones improve. Craig-Hallum Keeps Their Hold Rating on Oklo Inc (OKLO)
- Negative Sentiment: CEO Jacob Dewitte sold 140,000 shares at an average price of $52.98, which may weigh on sentiment because insider selling can be viewed as a lack of near-term conviction. SEC Form 4 filing for Jacob Dewitte sale
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.
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