Entropy Technologies LP Has $1.68 Million Position in Oklo Inc. $OKLO

Entropy Technologies LP increased its holdings in shares of Oklo Inc. (NYSE:OKLO) by 410.1% during the fourth quarter, Holdings Channel reports. The fund owned 23,341 shares of the company’s stock after acquiring an additional 18,765 shares during the quarter. Entropy Technologies LP’s holdings in Oklo were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in OKLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 worth $792,822,000 after acquiring an additional 2,968,981 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Oklo by 33.4% during the 3rd 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 holdings in shares of Oklo by 454.5% during the 2nd 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 shares of Oklo by 61.0% during the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock worth $387,914,000 after acquiring an additional 1,316,867 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Oklo during the 4th quarter worth approximately $73,786,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Stock Performance

OKLO opened at $60.57 on Tuesday. The firm has a market cap of $10.54 billion, a P/E ratio of -72.11 and a beta of 1.10. Oklo Inc. has a 52-week low of $44.88 and a 52-week high of $193.84. The business’s fifty day moving average is $63.93 and its 200-day moving average is $71.80.

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

Insider Transactions at Oklo

In other news, CEO Jacob Dewitte sold 140,000 shares of the stock in a transaction on Monday, June 1st. The stock was 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 of the company’s stock, valued at approximately $36,742,683.31. This represents a 20.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Craig Bealmear sold 73,081 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $68.42, for a total value of $5,000,202.02. Following the sale, the chief financial officer directly owned 397,642 shares in the company, valued at approximately $27,206,665.64. This trade represents a 15.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 699,971 shares of company stock valued at $44,221,357. 18.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

OKLO has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on Oklo from $91.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Craig Hallum reissued a “hold” rating on shares of Oklo in a report on Wednesday, March 18th. Zacks Research raised Oklo from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. Bank of America started coverage on Oklo in a report on Friday, May 22nd. They issued a “buy” rating and a $80.00 price objective on the stock. Finally, B. Riley Financial decreased their price objective on Oklo from $129.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $82.78.

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.