Capital World Investors Raises Stock Holdings in Oklo Inc. $OKLO

Capital World Investors grew its holdings in shares of Oklo Inc. (NYSE:OKLOFree Report) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 505,938 shares of the company’s stock after purchasing an additional 24,923 shares during the quarter. Capital World Investors’ holdings in Oklo were worth $36,306,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Los Angeles Capital Management LLC purchased a new stake in shares of Oklo during the 4th quarter valued at about $49,000. Modus Advisors LLC increased its position in shares of Oklo by 18.6% during the 4th quarter. Modus Advisors LLC now owns 17,000 shares of the company’s stock valued at $1,220,000 after purchasing an additional 2,670 shares during the last quarter. Comprehensive Financial Planning Inc. PA increased its position in shares of Oklo by 158.7% during the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 815 shares of the company’s stock valued at $58,000 after purchasing an additional 500 shares during the last quarter. Vestcor Inc purchased a new stake in shares of Oklo during the 4th quarter valued at about $161,000. Finally, Pinebridge Investments LLC purchased a new stake in shares of Oklo during the 4th quarter valued at about $3,035,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Price Performance

OKLO opened at $56.52 on Wednesday. The firm has a market cap of $9.83 billion, a P/E ratio of -67.28 and a beta of 1.10. Oklo Inc. has a 1-year low of $44.88 and a 1-year high of $193.84. The company has a 50 day simple moving average of $63.16 and a two-hundred day simple moving average of $72.65.

Oklo (NYSE:OKLOGet Free Report) last posted its quarterly earnings results 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 quarter in the prior year, the business earned ($0.07) earnings per share. Equities analysts anticipate that Oklo Inc. will post -0.78 earnings per share for the current year.

Trending Headlines about Oklo

Here are the key news stories impacting Oklo this week:

Insider Buying and Selling

In other Oklo news, CEO Jacob Dewitte sold 140,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $68.29, for a total value of $9,560,600.00. Following the completion of the transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Craig Bealmear sold 73,081 shares of the company’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 transaction of $5,000,202.02. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 889,849 shares of company stock valued at $55,614,037. Company insiders own 18.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and set a $90.00 price target on shares of Oklo in a research report on Wednesday, March 18th. Wolfe Research assumed coverage on shares of Oklo in a research report on Tuesday, May 19th. They set a “peer perform” rating for the company. Royal Bank Of Canada set a $80.00 price target on shares of Oklo in a research report on Friday, May 22nd. The Goldman Sachs Group reduced their price target on shares of Oklo from $91.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Finally, Zacks Research raised shares of Oklo from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Two investment 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.06.

Check Out Our Latest Stock Analysis on OKLO

Oklo Profile

(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

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Institutional Ownership by Quarter for Oklo (NYSE:OKLO)

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