Meitav Investment House Ltd. Takes Position in Oklo Inc. $OKLO

Meitav Investment House Ltd. purchased a new position in shares of Oklo Inc. (NYSE:OKLO) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,700 shares of the company’s stock, valued at approximately $729,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Oklo by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company’s stock valued at $835,107,000 after purchasing an additional 44,036 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Oklo by 71.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock worth $792,822,000 after buying an additional 2,968,981 shares during the period. Van ECK Associates Corp grew its position in shares of Oklo by 13.9% in the 4th quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock valued at $283,902,000 after buying an additional 481,288 shares during the last quarter. State Street Corp grew its position in shares of Oklo by 23.6% in the 4th quarter. State Street Corp now owns 3,060,220 shares of the company’s stock valued at $219,601,000 after buying an additional 584,184 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Oklo by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock valued at $201,671,000 after buying an additional 185,265 shares during the period. Institutional investors own 85.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OKLO shares. Craig Hallum reaffirmed a “hold” rating on shares of Oklo in a research note on Wednesday, March 18th. B. Riley Financial reduced their price objective on shares of Oklo from $129.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. The Goldman Sachs Group cut their price target on shares of Oklo from $91.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. Wolfe Research began coverage on Oklo in a report on Tuesday, May 19th. They set a “peer perform” rating for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $122.00 price objective on shares of Oklo in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.18.

Insider Transactions at Oklo

In related news, CFO Richard Craig Bealmear sold 73,081 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 397,642 shares of the company’s stock, valued at $27,206,665.64. The trade was a 15.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 company’s 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 transaction, the insider directly owned 36,175 shares in the company, valued at approximately $2,099,597. This trade represents a 22.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 623,629 shares of company stock valued at $40,734,208 in the last 90 days. 18.90% of the stock is currently owned by corporate insiders.

Oklo Stock Down 7.8%

Shares of OKLO stock opened at $47.82 on Wednesday. The firm has a 50 day moving average of $62.38 and a 200-day moving average of $67.35. The company has a market cap of $8.32 billion, a price-to-earnings ratio of -56.93 and a beta of 1.14. Oklo Inc. has a 52 week low of $44.88 and a 52 week high of $193.84.

Oklo (NYSE:OKLO) last issued its earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.01. During the same quarter in the prior year, the business earned ($0.07) EPS. Analysts anticipate that Oklo Inc. will post -0.73 earnings per share for the current year.

Oklo Company 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.