Oklo Inc. $OKLO Stock Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in Oklo Inc. (NYSE:OKLO) by 1,184.4% in the fourth quarter, HoldingsChannel reports. The firm owned 112,372 shares of the company’s stock after acquiring an additional 103,623 shares during the period. Hsbc Holdings PLC’s holdings in Oklo were worth $8,063,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Oklo by 162.6% in the first 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 shares of Oklo during the first quarter valued at $519,000. Millennium Management LLC grew its holdings in shares of Oklo by 4,974.1% during the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after buying an additional 570,532 shares in the last quarter. NewEdge Advisors LLC raised its position in Oklo by 165.6% during the first quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock valued at $339,000 after buying an additional 9,772 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in 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 period. 85.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oklo

In other news, insider William Carroll Murphy Goodwin sold 10,548 shares of the stock in a transaction 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 in the company, valued at $2,099,597. This represents a 22.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jacob Dewitte sold 140,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.29, for a total transaction of $9,560,600.00. Following the transaction, the chief executive officer owned 538,039 shares in the company, valued at $36,742,683.31. This represents a 20.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 683,629 shares of company stock worth $43,902,208 in the last 90 days. 18.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OKLO. HSBC assumed coverage on Oklo in a research note on Thursday, April 23rd. They issued a “buy” rating and a $96.00 price objective for the company. Needham & Company LLC dropped their target price on Oklo from $135.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Weiss Ratings raised shares of Oklo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Guggenheim assumed coverage on shares of Oklo in a report on Thursday, June 25th. They set a “neutral” rating for the company. Finally, Wedbush reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Oklo in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Oklo has an average rating of “Moderate Buy” and a consensus target price of $84.18.

Oklo Stock Performance

Shares of NYSE OKLO opened at $47.37 on Thursday. The business has a 50 day simple moving average of $61.81 and a 200 day simple moving average of $67.14. Oklo Inc. has a 52 week low of $44.88 and a 52 week high of $193.84. The stock has a market cap of $8.24 billion, a price-to-earnings ratio of -56.40 and a beta of 1.14.

Oklo (NYSE:OKLO) last issued 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 prior year, the business posted ($0.07) EPS. On average, analysts predict that Oklo Inc. will post -0.73 EPS 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.