United Capital Management of KS Inc. purchased a new stake in Oklo Inc. (NYSE:OKLO – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 254,072 shares of the company’s stock, valued at approximately $9,406,000. United Capital Management of KS Inc. owned approximately 0.14% of Oklo at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Bank of America Corp DE lifted its stake in Oklo by 55.3% in the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock valued at $30,760,000 after buying an additional 220,976 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Oklo by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 516,886 shares of the company’s stock valued at $25,632,000 after buying an additional 5,945 shares during the last quarter. Swiss National Bank increased its position in Oklo by 7.1% during the first quarter. Swiss National Bank now owns 324,900 shares of the company’s stock worth $16,112,000 after buying an additional 21,400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Oklo during the third quarter worth $11,483,000. Finally, Amundi increased its position in Oklo by 59.0% during the first quarter. Amundi now owns 164,824 shares of the company’s stock worth $8,174,000 after buying an additional 61,161 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Oklo news, CEO Jacob DeWitte sold 80,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $38.69, for a total transaction of $3,095,200.00. Following the transaction, the chief executive officer owned 398,039 shares of the company’s stock, valued at $15,400,128.91. This trade represents a 16.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Vivek Narayanadas sold 3,264 shares of Oklo stock in a transaction on Monday, August 24th. The shares were sold at an average price of $39.77, for a total transaction of $129,809.28. Following the completion of the transaction, the general counsel owned 7,822 shares in the company, valued at approximately $311,080.94. This trade represents a 29.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 350,203 shares of company stock valued at $12,424,945 in the last ninety days. 12.70% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. B. Riley Financial reduced their price objective on Oklo from $92.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Canaccord Genuity Group dropped their price objective on Oklo from $100.00 to $66.00 and set a “buy” rating for the company in a research report on Monday. Wedbush reissued an “outperform” rating and issued a $36.00 target price on shares of Oklo in a research note on Monday. Piper Sandler reduced their target price on shares of Oklo from $55.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $67.83.
Read Our Latest Research Report on Oklo
Oklo Price Performance
OKLO opened at $26.81 on Tuesday. Oklo Inc. has a 12 month low of $18.53 and a 12 month high of $117.44. The business has a 50-day moving average of $33.29 and a two-hundred day moving average of $52.04. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of -27.92 and a beta of 1.31.
Oklo (NYSE:OKLO – Get Free Report) last announced its quarterly earnings data on Friday, November 6th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.05. The company had revenue of $1.86 million for the quarter, compared to analysts’ expectations of $1.03 million. During the same quarter in the previous year, the company earned ($0.20) earnings per share. Equities research analysts anticipate that Oklo Inc. will post -1.00 earnings per share for the current year.
More Oklo News
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: Oklo reported a third-quarter loss of $0.22 per share, narrower than the $0.27 loss analysts expected, and revenue of $1.86 million versus a $1.03 million estimate. The company also highlighted progress on reactor construction, fuel fabrication and isotope production, with $3.1 billion in liquidity. OKLO Q3 Earnings Call Highlights Reactor and Fuel Expansion Plans
- Positive Sentiment: A manufacturing agreement reserves U.S. capacity for large forged components for as many as 27 Aurora reactor modules. Deliveries are expected from 2030, supporting longer-term plans to scale deployment and reduce supply-chain bottlenecks. Oklo Secures U.S. Forging Capacity for Future Aurora Expansion
- Positive Sentiment: Several firms maintained bullish ratings: H.C. Wainwright reiterated a $90 target and Wedbush reaffirmed its outperform rating with a $36 target. Canaccord also kept a buy rating, although it cut its target from $100 to $66. These targets indicate analyst optimism, but differ substantially. H.C. Wainwright’s $90 Target Says Oklo’s Selloff Went Too Far
- Neutral Sentiment: Wedbush described Oklo as shifting from design toward execution, citing the Groves-1 test reactor becoming operational. This could mark progress, but commercial deployment and its financial impact remain ahead. Oklo Seeing Solid Execution as it Shifts From Design, Wedbush Says
- Negative Sentiment: Oklo is still far from profitability, with meaningful commercial catalysts potentially years away. Analysts and coverage warn that licensing and deployment delays, ongoing cash burn and possible future share offerings could constrain returns or dilute shareholders. Should You Buy Oklo Stock While It’s Under $30?
Oklo Profile
Oklo Inc develops advanced nuclear fission power plants designed to provide reliable, carbon-free electricity. Its Aurora powerhouse concept uses fast-reactor technology and is designed to operate with metallic fuel, including fuel derived from recycled nuclear material. Oklo is developing its technology and has not yet established a commercial operating fleet.
The company plans to supply electricity through long-term power agreements rather than relying solely on equipment sales. Its prospective customers include data centers, industrial facilities, and other users seeking dependable power, with its development efforts focused primarily on the United States.
Founded in 2013, Oklo is headquartered in Santa Clara, California.
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