OP Asset Management Ltd Takes Position in Oklo Inc. $OKLO

OP Asset Management Ltd acquired a new position in shares of Oklo Inc. (NYSE:OKLO) in the first quarter, HoldingsChannel reports. The fund acquired 12,237 shares of the company’s stock, valued at approximately $607,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Oklo by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company’s stock valued at $835,107,000 after purchasing an additional 44,036 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 worth $792,822,000 after purchasing an additional 2,968,981 shares in the last quarter. Van ECK Associates Corp raised its holdings 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 during the period. State Street Corp raised its holdings in Oklo by 23.6% in the fourth quarter. State Street Corp now owns 3,060,220 shares of the company’s stock valued at $219,601,000 after buying an additional 584,184 shares during the period. Finally, Geode Capital Management LLC lifted its position in Oklo by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock valued at $201,671,000 after buying an additional 185,265 shares in the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Stock Down 0.6%

OKLO opened at $52.44 on Wednesday. The firm’s 50 day moving average is $64.25 and its 200-day moving average is $68.59. Oklo Inc. has a 52-week low of $44.88 and a 52-week high of $193.84. The firm has a market capitalization of $9.12 billion, a P/E ratio of -62.43 and a beta of 1.10.

Oklo (NYSE:OKLO) last announced its earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.01. During the same quarter in the previous year, the company earned ($0.07) earnings per share. Equities analysts expect that Oklo Inc. will post -0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Richard Craig Bealmear sold 73,081 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $68.42, for a total transaction of $5,000,202.02. Following the completion of the sale, the chief financial officer directly owned 397,642 shares in the company, valued at $27,206,665.64. This trade represents a 15.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jacob Dewitte sold 140,000 shares of Oklo stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $68.29, for a total value of $9,560,600.00. Following the sale, the chief executive officer directly owned 538,039 shares in the company, valued at approximately $36,742,683.31. The trade was 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 483,629 shares of company stock worth $33,317,008 in the last quarter. 18.90% of the stock is owned by corporate insiders.

Key Headlines Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo announced the acquisition of Creative Engineers, Inc. (CEI), adding expertise in sodium and alkali-metal systems, component development, fabrication, and applied R&D to help accelerate commercialization of its Aurora reactor program. Oklo Acquires Creative Engineers to Strengthen Sodium, Alkali-Metal Capabilities
• Positive Sentiment: The CEI deal is being viewed as a way to remove a key bottleneck for Aurora commercialization, while also bringing a cash flow-positive business and more technical capabilities in-house. Oklo’s Second Acquisition In Weeks Targets A Key Aurora Bottleneck – What Investors Need To Know
• Positive Sentiment: Investor interest in advanced nuclear names remains elevated, with Oklo cited alongside peers as policy support and growing demand for advanced nuclear development keep the sector in focus. Why DOE’s July 4 Reactor Deadline Matters to Nuclear Stocks
• Positive Sentiment: Analyst and market commentary continue to highlight Oklo as one of the more closely watched advanced nuclear stocks, which can help sustain trading momentum. Why DOE’s July 4 Reactor Deadline Matters to Nuclear Stocks
• Neutral Sentiment: Several “which nuclear stock is better” and “nuclear stocks to watch” articles are keeping OKLO in the conversation, but these are mostly sentiment-driven and do not add new company-specific fundamentals. OKLO or NNE: Which Nuclear Name Deserves Your Attention?
• Negative Sentiment: Despite the upbeat acquisition and policy headlines, Oklo’s shares remain well below recent moving averages, suggesting investors are still weighing execution risk and valuation concerns.

Analysts Set New Price Targets

Several equities research analysts have issued reports on OKLO shares. B. Riley Financial decreased their price objective on shares of Oklo from $129.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. HSBC started coverage on shares of Oklo in a research note on Thursday, April 23rd. They issued a “buy” rating and a $96.00 target price on the stock. Needham & Company LLC decreased their price target on shares of Oklo from $135.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. UBS Group lowered their price target on Oklo from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, June 11th. Finally, Wolfe Research assumed coverage on Oklo in a research report on Tuesday, May 19th. They issued a “peer perform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.18.

Oklo Company 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.