Patriot Financial Group Insurance Agency LLC Purchases 11,253 Shares of Oklo Inc. $OKLO

Patriot Financial Group Insurance Agency LLC grew its holdings in Oklo Inc. (NYSE:OKLO) by 189.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,198 shares of the company’s stock after purchasing an additional 11,253 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Oklo were worth $853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in OKLO. Meriwether Wealth & Planning LLC lifted its stake in Oklo by 2.7% in the fourth quarter. Meriwether Wealth & Planning LLC now owns 4,545 shares of the company’s stock valued at $326,000 after buying an additional 120 shares during the period. NBC Securities Inc. grew its position in shares of Oklo by 75.0% during the 4th quarter. NBC Securities Inc. now owns 350 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the period. Perennial Investment Advisors LLC grew its position in shares of Oklo by 3.4% during the 3rd quarter. Perennial Investment Advisors LLC now owns 4,676 shares of the company’s stock worth $522,000 after buying an additional 154 shares during the period. Vantage Point Financial LLC increased its stake in shares of Oklo by 0.8% in the 4th quarter. Vantage Point Financial LLC now owns 21,222 shares of the company’s stock valued at $1,523,000 after acquiring an additional 169 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Oklo by 6.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,800 shares of the company’s stock valued at $313,000 after acquiring an additional 174 shares in the last quarter. Institutional investors own 85.03% 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.

Analyst Ratings Changes

A number of research firms have recently issued reports on OKLO. HSBC initiated coverage on shares of Oklo in a research report on Thursday, April 23rd. They set a “buy” rating and a $96.00 price objective on the stock. Tigress Financial assumed coverage on Oklo in a report on Monday, April 27th. They issued a “buy” rating and a $130.00 price target on the stock. Royal Bank Of Canada set a $80.00 price objective on Oklo in a report on Friday, May 22nd. Canaccord Genuity Group cut their target price on Oklo from $175.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Finally, Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Oklo in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.18.

Insiders Place Their Bets

In other Oklo news, CEO Jacob Dewitte sold 140,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was 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 owned 538,039 shares in the company, valued at $36,742,683.31. This trade represents a 20.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 that occurred on Monday, June 1st. The shares were sold at an average price of $68.42, for a total transaction of $5,000,202.02. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 483,629 shares of company stock worth $33,317,008 over the last quarter. 18.90% of the stock is currently owned by company insiders.

Oklo Stock Down 0.6%

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

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter in the previous year, the company earned ($0.07) earnings per share. As a group, research analysts expect that Oklo Inc. will post -0.73 EPS for the current fiscal year.

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.