Pictet Asset Management Holding SA reduced its stake in shares of Oklo Inc. (NYSE:OKLO – Free Report) by 49.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,242 shares of the company’s stock after selling 62,819 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Oklo were worth $3,227,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kestra Private Wealth Services LLC boosted its holdings in shares of Oklo by 27.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 36,406 shares of the company’s stock worth $1,805,000 after purchasing an additional 7,857 shares during the period. OP Asset Management Ltd purchased a new stake in Oklo during the 1st quarter valued at $607,000. Banque Cantonale Vaudoise lifted its position in Oklo by 56.4% in the first quarter. Banque Cantonale Vaudoise now owns 7,857 shares of the company’s stock worth $390,000 after buying an additional 2,833 shares during the last quarter. Focused Wealth Management Inc bought a new stake in Oklo in the first quarter worth $202,000. Finally, Vermillion Wealth Management Inc. boosted its stake in Oklo by 16.7% during the first quarter. Vermillion Wealth Management Inc. now owns 3,500 shares of the company’s stock worth $174,000 after buying an additional 500 shares during the period. 85.03% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Oklo
In related 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 $2,099,597. This trade represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 Oklo stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $68.42, for a total value of $5,000,202.02. Following the completion of the transaction, the chief financial officer owned 397,642 shares in the company, valued at $27,206,665.64. This trade represents a 15.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 623,629 shares of company stock valued at $40,734,208. 18.90% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on OKLO
Oklo Stock Performance
Shares of OKLO opened at $52.44 on Friday. The company has a 50 day moving average price of $63.34 and a 200-day moving average price of $67.88. Oklo Inc. has a fifty-two week low of $44.88 and a fifty-two week high of $193.84. The stock has a market capitalization of $9.12 billion, a PE ratio of -62.43 and a beta of 1.14.
Oklo (NYSE:OKLO – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Equities research analysts forecast that Oklo Inc. will post -0.73 EPS for the current year.
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.
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