Nicholas Investment Partners LP Lowers Stock Holdings in Oklo Inc. $OKLO

Nicholas Investment Partners LP lowered its holdings in Oklo Inc. (NYSE:OKLO) by 46.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,496 shares of the company’s stock after selling 14,548 shares during the period. Nicholas Investment Partners LP’s holdings in Oklo were worth $1,184,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OKLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Oklo by 71.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock valued at $792,822,000 after acquiring an additional 2,968,981 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Oklo by 33.4% during the third quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock worth $1,294,179,000 after acquiring an additional 2,901,909 shares during the last quarter. State Street Corp increased its position in shares of Oklo by 454.5% during the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock worth $119,743,000 after acquiring an additional 1,752,946 shares during the last quarter. Van ECK Associates Corp increased its holdings in Oklo by 61.0% in the third quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock valued at $387,914,000 after buying an additional 1,316,867 shares during the last quarter. Finally, Norges Bank bought a new stake in Oklo in the fourth quarter valued at about $73,786,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Activity

In other news, CFO Richard Craig Bealmear sold 73,081 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jacob Dewitte sold 140,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $68.29, for a total transaction of $9,560,600.00. Following the sale, the chief executive officer directly owned 538,039 shares in the company, valued at $36,742,683.31. This trade represents a 20.65% 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. Insiders have sold 699,971 shares of company stock valued at $44,221,357 over the last three months. 18.90% of the stock is owned by insiders.

Oklo Stock Down 0.8%

NYSE:OKLO opened at $57.40 on Friday. The firm has a market capitalization of $9.99 billion, a PE ratio of -68.33 and a beta of 1.10. The firm has a 50-day moving average price of $63.68 and a 200 day moving average price of $72.10. Oklo Inc. has a 12-month low of $44.88 and a 12-month high of $193.84.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.01. During the same quarter last year, the business posted ($0.07) EPS. On average, research analysts expect that Oklo Inc. will post -0.78 EPS for the current year.

Oklo News Summary

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: DOE approval of Oklo’s Preliminary Documented Safety Analysis for Aurora-INL advances its Reactor Pilot Program project and reduces regulatory uncertainty. U.S. Department of Energy Approves Preliminary Documented Safety Analysis for Aurora Powerhouse at Idaho National Laboratory
• Positive Sentiment: Growing AI power demand is increasing investor interest in decentralized nuclear and behind-the-meter power solutions, which supports the bull case for Oklo. The 127-Gigawatt Problem: Why AI Needs Its Own Power
• Neutral Sentiment: Commentary articles highlighted Oklo as one of the nuclear names to watch, but they did not add new operating or financial details. Promising Nuclear Stocks To Follow Today – June 9th

Analyst Ratings Changes

OKLO has been the subject of several recent research reports. Wolfe Research started coverage on Oklo in a report on Tuesday, May 19th. They set a “peer perform” rating for the company. Weiss Ratings raised shares of Oklo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. started coverage on shares of Oklo in a research note on Monday, May 11th. They issued a “neutral” rating and a $83.00 price target on the stock. Needham & Company LLC decreased their price objective on shares of Oklo from $135.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Finally, HC Wainwright restated a “buy” rating and set a $90.00 price target on shares of Oklo in a report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.78.

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.