Truist Financial Corp Reduces Stock Holdings in Oklo Inc. $OKLO

Truist Financial Corp trimmed its holdings in shares of Oklo Inc. (NYSE:OKLO) by 33.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 17,139 shares of the company’s stock after selling 8,752 shares during the period. Truist Financial Corp’s holdings in Oklo were worth $1,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Oklo by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company’s stock worth $835,107,000 after buying an additional 44,036 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 valued at $792,822,000 after purchasing an additional 2,968,981 shares during the last quarter. Van ECK Associates Corp grew its stake in Oklo by 61.0% during the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock valued at $387,914,000 after purchasing an additional 1,316,867 shares during the last quarter. State Street Corp grew its stake in Oklo by 454.5% during the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after purchasing an additional 1,752,946 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Oklo by 18.9% during the 3rd quarter. Northern Trust Corp now owns 966,459 shares of the company’s stock valued at $107,886,000 after purchasing an additional 153,288 shares during the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OKLO has been the topic of several research analyst reports. HSBC started coverage on Oklo in a research note on Thursday, April 23rd. They set a “buy” rating and a $96.00 price target on the stock. Craig Hallum reissued a “hold” rating on shares of Oklo in a report on Wednesday, March 18th. Needham & Company LLC decreased their price objective on Oklo from $135.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Texas Capital raised Oklo to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, HC Wainwright reissued a “buy” rating and issued a $90.00 price objective on shares of Oklo in a report on Wednesday, March 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $85.33.

Insider Transactions at Oklo

In related news, CFO Richard Craig Bealmear sold 72,090 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $60.00, for a total value of $4,325,400.00. Following the completion of the transaction, the chief financial officer owned 386,008 shares of the company’s stock, valued at approximately $23,160,480. This represents a 15.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 140,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $50.39, for a total value of $7,054,600.00. Following the completion of the transaction, the chief executive officer directly owned 656,483 shares of the company’s stock, valued at $33,080,178.37. The trade was a 17.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 809,040 shares of company stock valued at $49,162,094 in the last ninety days. 18.90% of the stock is currently owned by insiders.

Oklo Trading Down 7.4%

NYSE OKLO opened at $62.26 on Friday. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of -74.12 and a beta of 1.16. Oklo Inc. has a twelve month low of $34.88 and a twelve month high of $193.84. The stock has a 50-day moving average of $60.92 and a 200 day moving average of $79.08.

Oklo (NYSE:OKLO) last released its quarterly 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 period last year, the firm posted ($0.07) earnings per share. Equities analysts predict that Oklo Inc. will post -0.77 EPS for the current fiscal year.

Key Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: HC Wainwright raised its earnings estimates for Oklo across multiple periods and reiterated a Buy rating with a $90 price target, signaling improved expectations for the company’s loss trajectory and future operating outlook. Source article
• Positive Sentiment: Analysts and market commentary continue to point to Oklo’s regulatory progress, including NRC approval of its Principal Design Criteria topical report, which helps de-risk its Aurora powerhouse program and supports the bullish long-term SMR thesis. Source article
• Positive Sentiment: Several recent articles emphasized Oklo’s AI and nuclear commercialization potential, including its partnership with Idaho National Laboratory to use AI tools to accelerate reactor and fuel-system design, reinforcing the growth narrative. Source article
• Neutral Sentiment: Media coverage highlighting Oklo as a “must-watch” nuclear stock and broader bullish themes around decentralized power and data-center energy demand added attention, but did not materially change the company’s near-term fundamentals. Source article
• Negative Sentiment: Investors remain focused on ongoing losses and cash burn after Oklo’s wider-than-expected quarterly loss, and a new $1 billion at-the-market equity offering raised dilution concerns, which weighed on sentiment. Source article

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.