Nomura Asset Management Co. Ltd. Buys Shares of 35,680 Oklo Inc. $OKLO

Nomura Asset Management Co. Ltd. bought a new stake in shares of Oklo Inc. (NYSE:OKLO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 35,680 shares of the company’s stock, valued at approximately $2,560,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of OKLO. NBC Securities Inc. increased its holdings in shares of Oklo by 75.0% in the fourth quarter. NBC Securities Inc. now owns 350 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. GAMMA Investing LLC increased its holdings in shares of Oklo by 356.3% in the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock worth $26,000 after purchasing an additional 285 shares during the period. Gables Capital Management Inc. bought a new position in shares of Oklo in the third quarter worth $28,000. Nemes Rush Group LLC bought a new position in shares of Oklo in the third quarter worth $28,000. Finally, CI Investments Inc. increased its holdings in shares of Oklo by 153.0% in the third quarter. CI Investments Inc. now owns 296 shares of the company’s stock worth $33,000 after purchasing an additional 179 shares during the period. Institutional investors own 85.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Canaccord Genuity Group decreased their price target on shares of Oklo from $175.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Oklo in a report on Tuesday, May 26th. Tigress Financial assumed coverage on shares of Oklo in a report on Monday, April 27th. They issued a “buy” rating and a $130.00 price target on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $90.00 price target on shares of Oklo in a report on Wednesday, March 18th. Finally, UBS Group reduced their target price on Oklo from $95.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Oklo has an average rating of “Moderate Buy” and a consensus target price of $83.06.

Oklo Trading Up 0.4%

Shares of NYSE:OKLO opened at $65.46 on Friday. The stock’s 50-day moving average price is $62.83 and its 200-day moving average price is $73.51. Oklo Inc. has a 12-month low of $44.88 and a 12-month high of $193.84. The stock has a market capitalization of $11.39 billion, a P/E ratio of -77.93 and a beta of 1.10.

Oklo (NYSE:OKLO) last posted its 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 business earned ($0.07) EPS. As a group, research analysts predict that Oklo Inc. will post -0.78 EPS for the current year.

Insider Buying and Selling

In other Oklo news, CEO Jacob Dewitte sold 140,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $70.50, for a total transaction of $9,870,000.00. Following the completion of the transaction, the chief executive officer owned 598,039 shares of the company’s stock, valued at approximately $42,161,749.50. This trade represents a 18.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the chief financial officer directly owned 397,642 shares of the company’s stock, valued at $27,206,665.64. This represents a 15.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 892,669 shares of company stock valued at $55,773,903 in the last ninety days. Insiders own 18.90% of the company’s stock.

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.