Handelsbanken Fonder AB Grows Stock Position in Oklo Inc. $OKLO

Handelsbanken Fonder AB boosted its stake in shares of Oklo Inc. (NYSE:OKLO) by 43.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 52,900 shares of the company’s stock after buying an additional 16,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Oklo were worth $2,768,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of OKLO. Sei Investments Co. increased its stake in shares of Oklo by 344.6% in the first quarter. Sei Investments Co. now owns 50,096 shares of the company’s stock worth $2,484,000 after buying an additional 38,829 shares during the period. DNB Asset Management AS boosted its position in Oklo by 151.7% during the 4th quarter. DNB Asset Management AS now owns 28,625 shares of the company’s stock valued at $2,054,000 after buying an additional 17,253 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Oklo by 109.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 345,237 shares of the company’s stock valued at $24,774,000 after buying an additional 180,377 shares during the period. Prakash Investment Advisors LLC bought a new stake in Oklo in the 4th quarter worth $1,246,000. Finally, M&T Bank Corp grew its holdings in Oklo by 740.6% in the 4th quarter. M&T Bank Corp now owns 22,638 shares of the company’s stock worth $1,625,000 after acquiring an additional 19,945 shares during the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OKLO has been the subject of several recent analyst reports. Royal Bank Of Canada set a $80.00 price objective on shares of Oklo in a research note on Friday, May 22nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $122.00 target price on shares of Oklo in a research note on Wednesday, May 13th. Wedbush restated an “outperform” rating and set a $110.00 price target on shares of Oklo in a report on Tuesday, May 26th. HSBC began coverage on Oklo in a research report on Thursday, April 23rd. They set a “buy” rating and a $96.00 price target for the company. Finally, Truist Financial dropped their price objective on Oklo from $55.00 to $51.00 and set a “hold” rating for the company in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.03.

Oklo Trading Up 0.0%

Shares of Oklo stock opened at $44.39 on Monday. Oklo Inc. has a 12-month low of $36.61 and a 12-month high of $193.84. The company has a market cap of $8.26 billion, a P/E ratio of -47.22 and a beta of 1.17. The company’s fifty day simple moving average is $48.84 and its two-hundred day simple moving average is $58.84.

Oklo (NYSE:OKLO) last posted its earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The firm had revenue of $1.21 million for the quarter, compared to analysts’ expectations of $0.09 million. During the same period last year, the company posted ($0.18) earnings per share. The company’s revenue for the quarter was up 11900.0% on a year-over-year basis. Analysts predict that Oklo Inc. will post -0.9 EPS for the current fiscal year.

Insider Activity at Oklo

In related news, CEO Jacob Dewitte sold 140,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $68.29, for a total value of $9,560,600.00. Following the completion of the transaction, the chief executive officer directly owned 538,039 shares of the company’s stock, valued at $36,742,683.31. This represents a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Craig Bealmear sold 73,081 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $68.42, for a total transaction 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 $27,206,665.64. This trade represents a 15.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 483,629 shares of company stock worth $29,855,608 over the last 90 days. 12.70% of the stock is owned by company 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.