Oklo Inc. $OKLO Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its position in Oklo Inc. (NYSE:OKLO) by 30.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,619 shares of the company’s stock after selling 8,550 shares during the quarter. Voya Investment Management LLC’s holdings in Oklo were worth $2,190,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of OKLO. Caldwell Sutter Capital Inc. purchased a new stake in shares of Oklo in the 2nd quarter valued at approximately $25,000. Private Trust Co. NA purchased a new position in Oklo in the second quarter worth approximately $25,000. Fourth Dimension Wealth LLC grew its position in Oklo by 125.0% in the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in Oklo during the third quarter worth $27,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Oklo in the second quarter valued at $28,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oklo

In other Oklo news, insider William Carroll Murphy Goodwin sold 5,864 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $88.42, for a total transaction of $518,494.88. Following the sale, the insider owned 13,620 shares in the company, valued at $1,204,280.40. This represents a 30.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jacob Dewitte sold 840,000 shares of Oklo stock in a transaction dated 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 transaction, the chief executive officer owned 1,580,000 shares of the company’s stock, valued at $130,065,600. The trade was a 34.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,232,800 shares of company stock valued at $110,433,480. 18.90% of the stock is currently owned by company insiders.

Oklo Stock Performance

NYSE OKLO opened at $76.85 on Monday. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of -142.31 and a beta of 0.73. The firm has a 50 day simple moving average of $103.61 and a 200-day simple moving average of $91.56. Oklo Inc. has a one year low of $17.42 and a one year high of $193.84.

Oklo (NYSE:OKLO) last released its earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same period in the prior year, the business posted ($0.08) EPS. Equities analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on OKLO shares. B. Riley raised their price objective on Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Needham & Company LLC began coverage on shares of Oklo in a research note on Friday, December 5th. They set a “buy” rating and a $135.00 target price for the company. UBS Group boosted their price target on shares of Oklo from $65.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Bank of America lowered their price objective on shares of Oklo from $117.00 to $111.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Finally, Seaport Res Ptn upgraded Oklo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Two investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Oklo has an average rating of “Hold” and a consensus price target of $102.87.

About Oklo

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.