NewEdge Advisors LLC Acquires 13,002 Shares of Oklo Inc. $OKLO

NewEdge Advisors LLC increased its holdings in Oklo Inc. (NYSE:OKLO) by 56.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,894 shares of the company’s stock after acquiring an additional 13,002 shares during the period. NewEdge Advisors LLC’s holdings in Oklo were worth $1,780,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in OKLO. State Street Corp increased its holdings in 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 purchasing an additional 1,752,946 shares in the last quarter. Norges Bank purchased a new stake in shares of Oklo in the fourth quarter worth approximately $73,786,000. Millennium Management LLC lifted its holdings in shares of Oklo by 4,974.1% in the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after purchasing an additional 570,532 shares in the last quarter. Van ECK Associates Corp lifted 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 valued at $283,902,000 after purchasing an additional 481,288 shares in the last quarter. Finally, Clear Street Group Inc. lifted 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 valued at $60,434,000 after purchasing an additional 442,172 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

Oklo Trading Down 4.4%

Shares of OKLO opened at $44.39 on Friday. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of -47.22 and a beta of 1.17. The stock has a 50 day moving average of $48.84 and a 200 day moving average of $59.00. Oklo Inc. has a 12 month low of $36.61 and a 12 month high of $193.84.

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The company had revenue of $1.21 million during the quarter, compared to analyst estimates of $0.09 million. During the same quarter in the prior year, the business earned ($0.18) EPS. The company’s revenue for the quarter was up 11900.0% compared to the same quarter last year. As a group, equities research analysts predict that Oklo Inc. will post -0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OKLO shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $122.00 price target on shares of Oklo in a report on Wednesday, May 13th. Wolfe Research initiated coverage on Oklo in a research note on Tuesday, May 19th. They set a “peer perform” rating on the stock. HSBC began coverage on shares of Oklo in a report on Thursday, April 23rd. They set a “buy” rating and a $96.00 price objective on the stock. Tigress Financial started coverage on shares of Oklo in a research note on Monday, April 27th. They issued a “buy” rating and a $130.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Oklo in a report on Monday, May 11th. They issued a “neutral” rating and a $83.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.03.

Insider Activity

In other news, CEO Jacob Dewitte sold 60,000 shares of Oklo stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $52.80, for a total transaction of $3,168,000.00. Following the sale, the chief executive officer directly owned 511,533 shares in the company, valued at $27,008,942.40. The trade was a 10.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William Carroll Murphy Goodwin sold 10,548 shares of Oklo stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total value of $612,205.92. Following the sale, the insider owned 36,175 shares in the company, valued at $2,099,597. The trade was a 22.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 483,629 shares of company stock valued at $29,855,608 in the last ninety days. 12.70% of the stock is currently owned by insiders.

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.