Oklo Inc. $OKLO Shares Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its position in shares of Oklo Inc. (NYSE:OKLO) by 9,924.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,146 shares of the company’s stock after purchasing an additional 59,546 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Oklo were worth $2,983,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DNB Asset Management AS lifted its holdings in Oklo by 151.7% during the fourth quarter. DNB Asset Management AS now owns 28,625 shares of the company’s stock valued at $2,054,000 after purchasing an additional 17,253 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Oklo by 61.0% during the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock worth $387,914,000 after purchasing an additional 1,316,867 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Oklo by 109.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 345,237 shares of the company’s stock worth $24,774,000 after purchasing an additional 180,377 shares during the last quarter. Prakash Investment Advisors LLC purchased a new position in Oklo in the 4th quarter valued at about $1,246,000. Finally, M&T Bank Corp lifted its stake in Oklo by 740.6% in the 4th quarter. M&T Bank Corp now owns 22,638 shares of the company’s stock valued at $1,625,000 after buying an additional 19,945 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Transactions at Oklo

In related news, CFO Richard Craig Bealmear sold 73,081 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was 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 in the company, valued at approximately $27,206,665.64. This represents a 15.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total value of $612,205.92. Following the completion of the transaction, the insider owned 36,175 shares of the company’s stock, valued at $2,099,597. The trade was a 22.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 623,629 shares of company stock worth $40,734,208 in the last 90 days. Insiders own 18.90% of the company’s stock.

Oklo Stock Up 0.2%

Shares of OKLO opened at $52.44 on Friday. Oklo Inc. has a 52-week low of $44.88 and a 52-week high of $193.84. The stock has a fifty day simple moving average of $63.34 and a two-hundred day simple moving average of $67.88. The company has a market capitalization of $9.12 billion, a PE ratio of -62.43 and a beta of 1.14.

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, beating analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter in the previous year, the business posted ($0.07) earnings per share. As a group, equities analysts anticipate that Oklo Inc. will post -0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OKLO shares. JPMorgan Chase & Co. started coverage on Oklo in a research report on Monday, May 11th. They issued a “neutral” rating and a $83.00 target price on the stock. B. Riley Financial reduced their price objective on Oklo from $129.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $122.00 price objective on shares of Oklo in a report on Wednesday, May 13th. Citigroup lifted their target price on shares of Oklo from $73.50 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Craig Hallum reaffirmed a “hold” rating on shares of Oklo in a report on Wednesday, March 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Oklo has an average rating of “Moderate Buy” and an average target price of $84.18.

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.