Optiver Holding B.V. Invests $2.41 Million in Oklo Inc. $OKLO

Optiver Holding B.V. bought a new stake in shares of Oklo Inc. (NYSE:OKLO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 48,677 shares of the company’s stock, valued at approximately $2,414,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its stake in Oklo by 454.5% in the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock worth $119,743,000 after purchasing an additional 1,752,946 shares in the last quarter. Norges Bank purchased a new stake in Oklo during the fourth quarter valued at about $73,786,000. Millennium Management LLC lifted its stake in Oklo by 4,974.1% during the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after buying an additional 570,532 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Oklo by 13.9% in the fourth quarter. Van ECK Associates Corp now owns 3,956,281 shares of the company’s stock worth $283,902,000 after buying an additional 481,288 shares during the period. Finally, Clear Street Group Inc. boosted its holdings in shares of Oklo by 110.5% in the fourth quarter. Clear Street Group Inc. now owns 842,172 shares of the company’s stock worth $60,434,000 after buying an additional 442,172 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Guggenheim started coverage on shares of Oklo in a research report on Thursday, June 25th. They issued a “neutral” rating on the stock. UBS Group reduced their price target on shares of Oklo from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. Tigress Financial assumed coverage on shares of Oklo in a research note on Monday, April 27th. They issued a “buy” rating and a $130.00 price objective for the company. Barclays lowered their price objective on shares of Oklo from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Finally, Citigroup boosted their target price on shares of Oklo from $73.50 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

Oklo Trading Down 5.2%

NYSE OKLO opened at $38.94 on Friday. Oklo Inc. has a 1-year low of $36.61 and a 1-year high of $193.84. The company has a market capitalization of $6.77 billion, a PE ratio of -46.35 and a beta of 1.14. The firm’s fifty day simple moving average is $53.26 and its 200-day simple moving average is $62.42.

Oklo (NYSE:OKLO) last announced its quarterly earnings data 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 in the previous year, the business earned ($0.07) EPS. As a group, analysts predict that Oklo Inc. will post -0.74 EPS for the current year.

Insiders Place Their Bets

In other Oklo news, CFO Richard Craig Bealmear sold 73,081 shares of the company’s stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, 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 the firm’s 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 of the company’s stock, valued at $36,742,683.31. This trade represents a 20.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 483,629 shares of company stock valued at $29,855,608 in the last three months. Insiders own 12.70% of the company’s stock.

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.