Readystate Asset Management LP Acquires Shares of 15,000 Oklo Inc. $OKLO

Readystate Asset Management LP acquired a new position in shares of Oklo Inc. (NYSE:OKLO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,000 shares of the company’s stock, valued at approximately $1,674,000.

Other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA bought a new position in shares of Oklo during the second quarter valued at about $25,000. Fourth Dimension Wealth LLC lifted its position in shares of Oklo by 125.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after buying an additional 250 shares in the last quarter. Armstrong Advisory Group Inc. bought a new position in shares of Oklo during the 3rd quarter worth approximately $27,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Oklo in the 2nd quarter worth approximately $28,000. Finally, Gables Capital Management Inc. bought a new position in shares of Oklo in the third quarter valued at approximately $28,000. Institutional investors own 85.03% of the company’s stock.

Oklo Stock Up 2.9%

OKLO stock opened at $67.62 on Wednesday. Oklo Inc. has a twelve month low of $17.42 and a twelve month high of $193.84. The firm has a market capitalization of $10.57 billion, a PE ratio of -125.22 and a beta of 0.76. The stock has a 50-day simple moving average of $82.81 and a two-hundred day simple moving average of $96.80.

Insider Activity at Oklo

In other news, CEO Jacob Dewitte sold 140,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $75.18, for a total transaction of $10,525,200.00. Following the completion of the transaction, the chief executive officer directly owned 739,023 shares in the company, valued at $55,559,749.14. The trade was a 15.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Craig Bealmear sold 9,726 shares of Oklo stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $76.93, for a total value of $748,221.18. Following the sale, the chief financial officer directly owned 196,913 shares of the company’s stock, valued at $15,148,517.09. This represents a 4.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,750,590 shares of company stock worth $152,068,284 over the last quarter. Corporate insiders own 18.90% of the company’s stock.

Analysts Set New Price Targets

OKLO has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating on shares of Oklo in a research report on Friday, January 9th. Wedbush reaffirmed an “outperform” rating on shares of Oklo in a research report on Friday, January 9th. The Goldman Sachs Group reissued a “neutral” rating and set a $106.00 target price on shares of Oklo in a research report on Friday, January 9th. UBS Group reiterated a “neutral” rating on shares of Oklo in a research note on Monday, January 12th. Finally, William Blair reissued an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.20.

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.