Westerkirk Capital Inc. Purchases Shares of 61,900 Oklo Inc. $OKLO

Westerkirk Capital Inc. purchased a new stake in shares of Oklo Inc. (NYSE:OKLO) during the fourth quarter, Holdings Channel.com reports. The firm purchased 61,900 shares of the company’s stock, valued at approximately $4,442,000.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Oklo by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company’s stock worth $835,107,000 after purchasing an additional 44,036 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Oklo by 71.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock valued at $792,822,000 after buying an additional 2,968,981 shares during the period. Van ECK Associates Corp grew its position in Oklo by 61.0% during the third quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock valued at $387,914,000 after buying an additional 1,316,867 shares during the period. Geode Capital Management LLC grew its position in Oklo by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock valued at $201,671,000 after buying an additional 185,265 shares during the period. Finally, State Street Corp grew its position in Oklo by 454.5% during the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after buying an additional 1,752,946 shares during the period. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on OKLO. B. Riley Financial dropped their price target on shares of Oklo from $129.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. The Goldman Sachs Group dropped their price target on shares of Oklo from $91.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. Needham & Company LLC dropped their price target on shares of Oklo from $135.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Craig Hallum restated a “hold” rating on shares of Oklo in a research report on Wednesday, March 18th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $122.00 price target on shares of Oklo in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Oklo currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.06.

Insider Buying and Selling

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 completion of the sale, the insider directly owned 36,175 shares of the company’s stock, valued at approximately $2,099,597. This trade represents a 22.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 the company’s stock in a transaction dated Monday, June 1st. The shares were 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 directly owned 397,642 shares in the company, valued at $27,206,665.64. The trade was a 15.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 889,849 shares of company stock valued at $55,614,037. 18.90% of the stock is currently owned by insiders.

Oklo Price Performance

Shares of OKLO stock opened at $58.91 on Tuesday. The firm’s 50-day moving average is $63.04 and its two-hundred day moving average is $72.98. Oklo Inc. has a 12 month low of $44.88 and a 12 month high of $193.84. The company has a market capitalization of $10.25 billion, a PE ratio of -70.13 and a beta of 1.10.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.01. During the same period in the previous year, the business earned ($0.07) earnings per share. Sell-side analysts forecast that Oklo Inc. will post -0.78 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.