Caprock Group LLC Makes New Investment in Oklo Inc. $OKLO

Caprock Group LLC acquired a new stake in Oklo Inc. (NYSE:OKLO) in the third quarter, Holdings Channel reports. The institutional investor acquired 132,844 shares of the company’s stock, valued at approximately $14,829,000.

Several other institutional investors also recently bought and sold shares of the stock. Private Trust Co. NA purchased a new stake in shares of Oklo during the second quarter valued at approximately $25,000. Fourth Dimension Wealth LLC grew its stake in Oklo by 125.0% in the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares during the period. Armstrong Advisory Group Inc. purchased a new position in Oklo during the 3rd quarter valued at about $27,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Oklo in the 2nd quarter worth approximately $28,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Oklo in the 3rd quarter worth about $28,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Oklo from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Citigroup reiterated a “neutral” rating on shares of Oklo in a research note on Monday, November 24th. Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a report on Thursday, January 22nd. William Blair reaffirmed an “outperform” rating on shares of Oklo in a report on Wednesday, November 12th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Oklo in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.20.

Insider Activity at Oklo

In other Oklo news, CFO Richard Craig Bealmear sold 9,726 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was 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 in the company, valued at $15,148,517.09. This represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacob Dewitte sold 60,000 shares of Oklo stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $74.45, for a total transaction of $4,467,000.00. Following the completion of the transaction, the chief executive officer directly owned 748,197 shares in the company, valued at $55,703,266.65. This represents a 7.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,762,526 shares of company stock worth $153,283,847. Company insiders own 18.90% of the company’s stock.

Oklo Stock Down 7.4%

Shares of Oklo stock opened at $69.46 on Wednesday. The stock’s 50-day simple moving average is $86.63 and its 200-day simple moving average is $97.08. Oklo Inc. has a 52 week low of $17.42 and a 52 week high of $193.84. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of -128.63 and a beta of 0.76.

Oklo (NYSE:OKLO) last issued its earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same period in the previous year, the company earned ($0.08) earnings per share. On average, equities analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

Oklo 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.