Clear Street Group Inc. Has $60.43 Million Holdings in Oklo Inc. $OKLO

Clear Street Group Inc. raised its position in shares of Oklo Inc. (NYSE:OKLO) by 110.5% in the fourth quarter, HoldingsChannel reports. The fund owned 842,172 shares of the company’s stock after acquiring an additional 442,172 shares during the period. Oklo accounts for approximately 0.2% of Clear Street Group Inc.’s investment portfolio, making the stock its 27th largest holding. Clear Street Group Inc.’s holdings in Oklo were worth $60,434,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in Oklo by 298.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 23,396 shares of the company’s stock worth $2,612,000 after buying an additional 17,526 shares during the period. DNB Asset Management AS boosted its position in shares of Oklo by 151.7% in the fourth quarter. DNB Asset Management AS now owns 28,625 shares of the company’s stock valued at $2,054,000 after acquiring an additional 17,253 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Oklo in the third quarter valued at about $2,177,000. Van ECK Associates Corp grew its stake in shares of Oklo by 61.0% in the third quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock valued at $387,914,000 after acquiring an additional 1,316,867 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Oklo by 109.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 345,237 shares of the company’s stock worth $24,774,000 after acquiring an additional 180,377 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Stock Down 0.8%

OKLO stock opened at $57.40 on Friday. Oklo Inc. has a 52 week low of $44.88 and a 52 week high of $193.84. The business has a 50-day simple moving average of $63.68 and a 200 day simple moving average of $72.10. The company has a market cap of $9.99 billion, a PE ratio of -68.33 and a beta of 1.10.

Oklo (NYSE:OKLO) last announced its quarterly earnings data 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 quarter last year, the company earned ($0.07) EPS. On average, analysts anticipate that Oklo Inc. will post -0.78 EPS for the current fiscal year.

Insider Transactions at Oklo

In related 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 transaction, the chief financial officer directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 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 business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $58.04, for a total transaction of $612,205.92. Following the transaction, the insider owned 36,175 shares of the company’s stock, valued at approximately $2,099,597. This 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. In the last 90 days, insiders sold 699,971 shares of company stock valued at $44,221,357. Company insiders own 18.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. UBS Group dropped their price objective on shares of Oklo from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday. Wedbush reaffirmed an “outperform” rating and set a $110.00 target price on shares of Oklo in a report on Tuesday, May 26th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $122.00 price target on shares of Oklo in a research report on Wednesday, May 13th. HC Wainwright reiterated a “buy” rating and issued a $90.00 price target on shares of Oklo in a research note on Wednesday, March 18th. Finally, Citigroup boosted their price target on Oklo from $73.50 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.78.

Trending Headlines about Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: DOE approval of Oklo’s Preliminary Documented Safety Analysis for Aurora-INL advances its Reactor Pilot Program project and reduces regulatory uncertainty. U.S. Department of Energy Approves Preliminary Documented Safety Analysis for Aurora Powerhouse at Idaho National Laboratory
• Positive Sentiment: Growing AI power demand is increasing investor interest in decentralized nuclear and behind-the-meter power solutions, which supports the bull case for Oklo. The 127-Gigawatt Problem: Why AI Needs Its Own Power
• Neutral Sentiment: Commentary articles highlighted Oklo as one of the nuclear names to watch, but they did not add new operating or financial details. Promising Nuclear Stocks To Follow Today – June 9th

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.