Oklo Inc. $OKLO Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in Oklo Inc. (NYSE:OKLO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 310,194 shares of the company’s stock, valued at approximately $11,483,000. Mirae Asset Global Investments Co. Ltd. owned about 0.17% of Oklo at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd lifted its stake in shares of Oklo by 66.0% in the 3rd quarter. Pilgrim Partners Asia Pte Ltd now owns 1,660 shares of the company’s stock valued at $61,000 after acquiring an additional 660 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Oklo by 159.5% in the 3rd quarter. International Assets Investment Management LLC now owns 30,000 shares of the company’s stock worth $1,111,000 after purchasing an additional 18,438 shares in the last quarter. Choreo LLC increased its holdings in Oklo by 4.1% in the 3rd quarter. Choreo LLC now owns 10,478 shares of the company’s stock worth $388,000 after purchasing an additional 412 shares in the last quarter. BOKF NA increased its holdings in Oklo by 172.7% in the 3rd quarter. BOKF NA now owns 30,000 shares of the company’s stock worth $1,111,000 after purchasing an additional 19,000 shares in the last quarter. Finally, VestGen Advisors LLC bought a new position in Oklo in the third quarter valued at about $226,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oklo

In other Oklo news, General Counsel Vivek Narayanadas sold 1,021 shares of Oklo stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $26.50, for a total transaction of $27,056.50. Following the completion of the sale, the general counsel owned 10,669 shares of the company’s stock, valued at $282,728.50. The trade was a 8.73% decrease in their ownership of the stock. 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, insider John Hanson sold 1,034 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $26.71, for a total value of $27,618.14. Following the sale, the insider owned 361,277 shares of the company’s stock, valued at $9,649,708.67. This represents a 0.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 350,203 shares of company stock worth $12,424,945. 12.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Citigroup reduced their price target on Oklo from $57.50 to $33.00 and set a “neutral” rating on the stock in a report on Wednesday, October 21st. HC Wainwright reiterated a “buy” rating and issued a $90.00 price objective on shares of Oklo in a report on Monday, August 10th. B. Riley Financial cut their target price on shares of Oklo from $92.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Truist Financial reduced their target price on shares of Oklo from $51.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, October 22nd. Finally, TD Cowen assumed coverage on shares of Oklo in a research report on Monday, October 26th. They issued a “hold” rating and a $26.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.72.

Oklo Price Performance

NYSE OKLO opened at $22.04 on Thursday. The business’s fifty day moving average is $34.38 and its 200-day moving average is $53.06. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of -23.45 and a beta of 1.31. Oklo Inc. has a one year low of $21.65 and a one year high of $123.44.

Oklo (NYSE:OKLO) last released its earnings results on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The business had revenue of $1.21 million during the quarter, compared to analyst estimates of $0.09 million. During the same period in the prior year, the company earned ($0.18) earnings per share. Oklo’s revenue was up 11900.0% on a year-over-year basis. Research analysts expect that Oklo Inc. will post -1.01 EPS for the current fiscal year.

Key Stories Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $36 price target, implying potential upside from the share price cited in the report. However, the firm had cut its target substantially from $110. Wedbush cuts Oklo price target
• Neutral Sentiment: CEO Jacob DeWitte and CFO Richard Bealmear reported stock sales made under pre-arranged Rule 10b5-1 plans. The sales may draw investor attention, though the scheduled nature provides context. CEO SEC filing CFO SEC filing
• Negative Sentiment: Markets reportedly reacted to projections that Democrats would win Congress, raising concerns about a possible slowdown in data-center construction and AI-related power demand. Oklo may be especially exposed because it has very little revenue compared with established contractors. Election concerns weigh on AI power stocks
• Negative Sentiment: Investors also face concerns about rising development costs and prior earnings misses ahead of quarterly results. Oklo’s limited current revenue makes successful project execution and converting reactor progress into commercial sales important to its valuation. Zacks analyst blog

About Oklo

Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.

The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.