Rakuten Securities Inc. Sells 7,602 Shares of Oklo Inc. $OKLO

Rakuten Securities Inc. lessened its position in Oklo Inc. (NYSE:OKLO) by 29.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,519 shares of the company’s stock after selling 7,602 shares during the period. Rakuten Securities Inc.’s holdings in Oklo were worth $2,067,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Oklo by 195.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock valued at $125,906,000 after buying an additional 1,488,482 shares in the last quarter. State Street Corp grew its stake in Oklo by 454.5% in the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after acquiring an additional 1,752,946 shares during the period. Hood River Capital Management LLC acquired a new stake in shares of Oklo during the second quarter worth about $40,919,000. Millennium Management LLC raised its position 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 worth $12,589,000 after purchasing an additional 570,532 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Oklo by 720.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 409,808 shares of the company’s stock valued at $22,945,000 after purchasing an additional 359,866 shares in the last quarter. 85.03% of the stock is owned by institutional investors.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 840,000 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $82.32, for a total value of $69,148,800.00. Following the completion of the sale, the chief executive officer owned 1,580,000 shares in the company, valued at $130,065,600. This trade represents a 34.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard Craig Bealmear sold 69,841 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $78.40, for a total transaction of $5,475,534.40. Following the transaction, the chief financial officer owned 202,072 shares in the company, valued at $15,842,444.80. This represents a 25.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,552,800 shares of company stock valued at $137,543,426. 18.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on OKLO shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $106.00 price target on shares of Oklo in a research note on Friday, January 9th. Cantor Fitzgerald restated an “overweight” rating and set a $122.00 price objective on shares of Oklo in a report on Wednesday, November 12th. Bank of America dropped their price objective on shares of Oklo from $117.00 to $111.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Zacks Research raised shares of Oklo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, William Blair reiterated an “outperform” rating on shares of Oklo in a report on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $102.13.

Oklo Stock Performance

NYSE:OKLO opened at $95.93 on Thursday. The stock’s 50-day simple moving average is $92.13 and its 200 day simple moving average is $93.90. The company has a market cap of $14.99 billion, a P/E ratio of -177.64 and a beta of 0.76. Oklo Inc. has a 52-week low of $17.42 and a 52-week high of $193.84.

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter in the previous year, the business earned ($0.08) earnings per share. As a group, equities analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal 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.