Swiss National Bank Acquires 21,400 Shares of Oklo Inc. $OKLO

Swiss National Bank raised its holdings in Oklo Inc. (NYSE:OKLOFree Report) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 324,900 shares of the company’s stock after buying an additional 21,400 shares during the quarter. Swiss National Bank owned 0.19% of Oklo worth $16,112,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DNB Asset Management AS grew its position in shares of Oklo by 151.7% during the 4th quarter. DNB Asset Management AS now owns 28,625 shares of the company’s stock valued at $2,054,000 after acquiring an additional 17,253 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Oklo by 109.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 345,237 shares of the company’s stock worth $24,774,000 after purchasing an additional 180,377 shares during the period. Prakash Investment Advisors LLC purchased a new position in Oklo during the fourth quarter valued at $1,246,000. M&T Bank Corp lifted its position in Oklo by 740.6% during the fourth quarter. M&T Bank Corp now owns 22,638 shares of the company’s stock valued at $1,625,000 after purchasing an additional 19,945 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Oklo by 23.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 259,726 shares of the company’s stock valued at $18,638,000 after purchasing an additional 48,953 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider William Carroll Murphy Goodwin sold 10,548 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total transaction of $612,205.92. Following the sale, the insider owned 36,175 shares of the company’s stock, valued at approximately $2,099,597. This trade represents a 22.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Richard Craig Bealmear sold 73,081 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer owned 397,642 shares of the company’s stock, valued at approximately $27,206,665.64. The trade was a 15.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 683,629 shares of company stock valued at $43,902,208 in the last ninety days. 12.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on OKLO shares. Wolfe Research initiated coverage on Oklo in a research report on Tuesday, May 19th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. assumed coverage on Oklo in a research report on Monday, May 11th. They set a “neutral” rating and a $83.00 price objective on the stock. Truist Financial started coverage on Oklo in a research note on Monday, July 13th. They set a “hold” rating and a $55.00 price objective for the company. Citigroup increased their target price on shares of Oklo from $73.50 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, HSBC began coverage on shares of Oklo in a research note on Thursday, April 23rd. They set a “buy” rating and a $96.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $88.00.

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Oklo Trading Down 8.4%

NYSE:OKLO opened at $40.30 on Friday. The company has a market capitalization of $7.01 billion, a P/E ratio of -47.97 and a beta of 1.14. Oklo Inc. has a 12 month low of $39.53 and a 12 month high of $193.84. The firm has a fifty day simple moving average of $55.46 and a 200-day simple moving average of $64.42.

Oklo (NYSE:OKLOGet Free Report) last issued its earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same period in the previous year, the business posted ($0.07) earnings per share. Equities analysts forecast that Oklo Inc. will post -0.74 EPS for the current year.

About Oklo

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Oklo (NYSE:OKLO)

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