Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 19,500 Oklo Inc. $OKLO

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Oklo Inc. (NYSE:OKLO) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 19,500 shares of the company’s stock, valued at approximately $2,177,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada grew its holdings in Oklo by 162.6% during the first quarter. Royal Bank of Canada now owns 92,850 shares of the company’s stock worth $2,009,000 after acquiring an additional 57,497 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Oklo during the 1st quarter worth approximately $519,000. Millennium Management LLC increased its holdings in shares of Oklo by 4,974.1% during the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after purchasing an additional 570,532 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Oklo by 165.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock valued at $339,000 after purchasing an additional 9,772 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Oklo by 90.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company’s stock worth $2,439,000 after buying an additional 53,703 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Price Performance

Shares of Oklo stock opened at $63.20 on Wednesday. The stock has a market capitalization of $9.88 billion, a P/E ratio of -117.04 and a beta of 0.80. The business has a 50 day simple moving average of $78.68 and a two-hundred day simple moving average of $95.97. Oklo Inc. has a 12 month low of $17.42 and a 12 month high of $193.84.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group reaffirmed a “neutral” rating on shares of Oklo in a report on Monday, January 12th. Needham & Company LLC restated a “buy” rating on shares of Oklo in a research note on Friday, January 9th. B. Riley Financial increased their price target on Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. William Blair restated an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. Finally, Zacks Research lowered Oklo from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $98.93.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 840,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $82.32, for a total value of $69,148,800.00. Following the transaction, the chief executive officer directly owned 1,580,000 shares of the company’s stock, valued at approximately $130,065,600. This trade represents a 34.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Richard Craig Bealmear sold 69,841 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $78.40, for a total transaction of $5,475,534.40. Following the transaction, the chief financial officer owned 202,072 shares in the company, valued at $15,842,444.80. The trade was a 25.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,744,726 shares of company stock worth $151,549,790 in the last 90 days. 18.90% of the stock is currently owned by insiders.

About Oklo

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.