WINTON GROUP Ltd Acquires New Position in Oklo Inc. $OKLO

WINTON GROUP Ltd acquired a new stake in Oklo Inc. (NYSE:OKLO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,000 shares of the company’s stock, valued at approximately $1,363,000.

A number of other hedge funds have also added to or reduced their stakes in OKLO. NBC Securities Inc. raised its stake in shares of Oklo by 75.0% during the fourth quarter. NBC Securities Inc. now owns 350 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. GAMMA Investing LLC grew its stake in Oklo by 356.3% in the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock worth $26,000 after purchasing an additional 285 shares in the last quarter. Gables Capital Management Inc. bought a new position in Oklo in the third quarter worth approximately $28,000. Nemes Rush Group LLC purchased a new position in Oklo during the 3rd quarter worth $28,000. Finally, CI Investments Inc. increased its holdings in Oklo by 153.0% during the 3rd quarter. CI Investments Inc. now owns 296 shares of the company’s stock worth $33,000 after purchasing an additional 179 shares during the period. 85.03% of the stock is currently owned by institutional investors.

Oklo Trading Up 1.4%

Shares of NYSE OKLO opened at $58.91 on Tuesday. Oklo Inc. has a 12-month low of $44.88 and a 12-month high of $193.84. The stock’s fifty day simple moving average is $63.04 and its two-hundred day simple moving average is $72.98. The stock has a market capitalization of $10.25 billion, a PE ratio of -70.13 and a beta of 1.10.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same period in the previous year, the firm earned ($0.07) EPS. On average, equities analysts predict that Oklo Inc. will post -0.78 earnings per share for the current fiscal year.

Insider Transactions at Oklo

In other Oklo news, CFO Richard Craig Bealmear sold 73,081 shares of the stock in a transaction dated Monday, June 1st. The shares were 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 of the company’s stock, valued at approximately $27,206,665.64. This represents a 15.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 shares were sold at an average price of $68.29, for a total transaction of $9,560,600.00. Following the completion of the sale, the chief executive officer owned 538,039 shares in the company, valued at $36,742,683.31. This 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 sold 889,849 shares of company stock valued at $55,614,037 over the last quarter. 18.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

OKLO has been the subject of several research reports. Wolfe Research assumed coverage on Oklo in a report on Tuesday, May 19th. They issued a “peer perform” rating for the company. The Goldman Sachs Group cut their price target on Oklo from $91.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Needham & Company LLC decreased their price objective on Oklo from $135.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. UBS Group lowered their price objective on shares of Oklo from $95.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Finally, Royal Bank Of Canada set a $80.00 target price on shares of Oklo in a report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.06.

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.