Oklo Inc. $OKLO Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in Oklo Inc. (NYSE:OKLO) by 61.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,474,993 shares of the company’s stock after acquiring an additional 1,316,867 shares during the period. Van ECK Associates Corp owned about 2.35% of Oklo worth $387,914,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Plancorp LLC boosted its position in shares of Oklo by 1.2% in the third quarter. Plancorp LLC now owns 6,089 shares of the company’s stock worth $680,000 after buying an additional 73 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Oklo by 3.7% during the third quarter. Parkside Financial Bank & Trust now owns 2,622 shares of the company’s stock valued at $293,000 after purchasing an additional 94 shares during the period. Prestige Wealth Management Group LLC lifted its position in shares of Oklo by 1.5% during the third quarter. Prestige Wealth Management Group LLC now owns 7,066 shares of the company’s stock worth $789,000 after purchasing an additional 101 shares in the last quarter. Rossby Financial LCC boosted its stake in shares of Oklo by 75.0% in the third quarter. Rossby Financial LCC now owns 350 shares of the company’s stock valued at $41,000 after purchasing an additional 150 shares during the period. Finally, Perennial Investment Advisors LLC boosted its stake in shares of Oklo by 3.4% in the third quarter. Perennial Investment Advisors LLC now owns 4,676 shares of the company’s stock valued at $522,000 after purchasing an additional 154 shares during the period. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Trading Up 5.9%

Shares of NYSE OKLO opened at $61.71 on Tuesday. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of -114.27 and a beta of 0.81. Oklo Inc. has a twelve month low of $17.42 and a twelve month high of $193.84. The business has a 50 day simple moving average of $77.38 and a 200-day simple moving average of $95.83.

Insiders Place Their Bets

In other Oklo news, CFO Richard Craig Bealmear sold 69,841 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $78.40, for a total transaction of $5,475,534.40. Following the completion of the sale, 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jacob Dewitte sold 840,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $82.32, for a total transaction of $69,148,800.00. Following the completion of the transaction, the chief executive officer owned 1,580,000 shares in the company, valued at approximately $130,065,600. The trade was a 34.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,944,726 shares of company stock valued at $164,208,389. 18.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on OKLO shares. William Blair reissued an “outperform” rating on shares of Oklo in a research report on Wednesday, November 12th. The Goldman Sachs Group restated a “neutral” rating and set a $106.00 price objective on shares of Oklo in a report on Friday, January 9th. B. Riley Financial upped their target price on Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Bank of America upgraded shares of Oklo from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $111.00 to $127.00 in a research note on Wednesday, January 21st. Finally, Citigroup reiterated a “neutral” rating on shares of Oklo in a research note on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.93.

Oklo Company 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.