WINTON GROUP Ltd Sells 37,079 Shares of Oklo Inc. $OKLO

WINTON GROUP Ltd reduced its position in shares of Oklo Inc. (NYSE:OKLO) by 27.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,300 shares of the company’s stock after selling 37,079 shares during the quarter. WINTON GROUP Ltd’s holdings in Oklo were worth $5,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in OKLO. California State Teachers Retirement System lifted its stake in Oklo by 6,518.7% in the second quarter. California State Teachers Retirement System now owns 8,682,908 shares of the company’s stock valued at $454,377,000 after buying an additional 8,551,720 shares during the period. Van ECK Associates Corp lifted its stake in Oklo by 13.9% in the fourth 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 in the last quarter. State Street Corp boosted its stake in Oklo by 23.6% in the 4th quarter. State Street Corp now owns 3,060,220 shares of the company’s stock worth $219,601,000 after purchasing an additional 584,184 shares during the period. Geode Capital Management LLC boosted its position in shares of Oklo by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock worth $201,671,000 after buying an additional 185,265 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Oklo by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,160,278 shares of the company’s stock worth $83,262,000 after acquiring an additional 90,213 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on OKLO shares. Citigroup reduced their price objective on shares of Oklo from $76.00 to $57.50 and set a “neutral” rating for the company in a research note on Monday, August 10th. Wolfe Research began coverage on shares of Oklo in a research report on Tuesday, May 19th. They set a “peer perform” rating for the company. UBS Group decreased their target price on Oklo from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, June 11th. Canaccord Genuity Group decreased their price target on shares of Oklo from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Finally, Bank of America initiated coverage on Oklo in a research note on Friday, May 22nd. They set a “buy” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.26.

Insider Activity

In other news, insider William Carroll Murphy Goodwin sold 11,592 shares of Oklo stock in a transaction on Monday, August 24th. The shares were sold at an average price of $39.77, for a total transaction of $461,013.84. Following the transaction, the insider owned 45,268 shares in the company, valued at approximately $1,800,308.36. The trade was a 20.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Vivek Narayanadas sold 3,264 shares of Oklo stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $39.77, for a total value of $129,809.28. Following the transaction, the general counsel directly owned 7,822 shares in the company, valued at $311,080.94. The trade was a 29.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 355,676 shares of company stock valued at $16,618,122. 12.70% of the stock is currently owned by company insiders.

Key Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Piper Sandler starts coverage with a Buy: The analyst’s $55 target provides a near-term bullish catalyst and reflects confidence in Oklo’s advanced-reactor opportunity. Piper Sandler Initiates a Buy Rating on Oklo
• Positive Sentiment: Analyst targets remain well above the market: Another report cited an average Oklo price target of approximately $85.03, suggesting analysts still see substantial long-term upside if the company can execute its reactor-development plans. Analysts Set Oklo Price Target at $85.03
• Neutral Sentiment: Insider selling was tied to taxes: General Counsel Vivek Narayanadas sold 365 shares for about $15,808, following other recent sales. The transactions were made under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, reducing their significance as a bearish signal. SEC Form 4 Filing
• Negative Sentiment: Sector-wide selling overwhelmed the upgrade: Investors sold advanced nuclear stocks after Piper Sandler issued divided ratings across the group, causing Oklo and peers to decline together. Nuclear Stocks Slide as Piper Sandler Splits the Sector
• Negative Sentiment: Execution and valuation concerns persist: Commentary highlighted Oklo’s uncommercialized reactor fleet, future financing needs, licensing hurdles and continuing losses. The latest quarterly loss also exceeded analyst expectations, keeping the stock highly dependent on successful long-term execution. Four Reasons to Sell OKLO Stock

Oklo Price Performance

OKLO stock opened at $39.94 on Friday. Oklo Inc. has a 1 year low of $36.61 and a 1 year high of $193.84. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of -42.49 and a beta of 1.18. The company has a 50 day simple moving average of $43.29 and a 200 day simple moving average of $54.72.

Oklo (NYSE:OKLO) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.12). The company had revenue of $1.21 million during the quarter, compared to the consensus estimate of $0.09 million. The firm’s quarterly revenue was up 11900.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.18) earnings per share. On average, equities research analysts anticipate that Oklo Inc. will post -0.91 EPS for the current fiscal year.

About Oklo

Oklo Inc is an advanced nuclear technology company focused on developing and commercializing small-scale fission power plants. The company’s flagship product, the Aurora powerhouse, is designed to provide reliable, long-term electricity and heat using advanced nuclear reactor technology. Oklo is targeting applications such as industrial operations, data centers, defense facilities and other customers that require dependable, low-carbon energy.

Oklo is also developing fuel-recycling capabilities intended to use certain forms of nuclear fuel more efficiently and reduce the volume of nuclear waste requiring disposal.