Patriot Financial Group Insurance Agency LLC Acquires 11,253 Shares of Oklo Inc. $OKLO

Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Oklo Inc. (NYSE:OKLO) by 189.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,198 shares of the company’s stock after buying an additional 11,253 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Oklo were worth $853,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. NBC Securities Inc. increased its holdings in Oklo by 75.0% in the fourth quarter. NBC Securities Inc. now owns 350 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Oklo by 356.2% during the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock worth $26,000 after buying an additional 285 shares during the last quarter. Nemes Rush Group LLC acquired a new position in shares of Oklo during the 3rd quarter worth about $28,000. Gilpin Wealth Management LLC acquired a new position in shares of Oklo during the 4th quarter worth about $29,000. Finally, SHP Wealth Management bought a new stake in shares of Oklo in the 4th quarter valued at about $32,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oklo

In other news, CEO Jacob Dewitte sold 140,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $68.29, for a total transaction of $9,560,600.00. Following the completion of the sale, the chief executive officer directly owned 538,039 shares in the company, valued at approximately $36,742,683.31. This represents a 20.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William Carroll Murphy Goodwin sold 10,548 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $58.04, for a total value of $612,205.92. Following the sale, the insider owned 36,175 shares of the company’s stock, valued at $2,099,597. The trade was a 22.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 483,629 shares of company stock worth $33,317,008. Company insiders own 18.90% of the company’s stock.

Oklo Stock Performance

Shares of NYSE:OKLO opened at $52.44 on Wednesday. Oklo Inc. has a 52-week low of $44.88 and a 52-week high of $193.84. The company has a market capitalization of $9.12 billion, a P/E ratio of -62.43 and a beta of 1.10. The company has a 50-day simple moving average of $64.25 and a 200 day simple moving average of $68.59.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. During the same period last year, the company posted ($0.07) EPS. As a group, equities analysts forecast that Oklo Inc. will post -0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OKLO has been the topic of several analyst reports. JPMorgan Chase & Co. started coverage on shares of Oklo in a report on Monday, May 11th. They issued a “neutral” rating and a $83.00 target price on the stock. HC Wainwright reissued a “buy” rating and issued a $90.00 price target on shares of Oklo in a report on Wednesday, March 18th. Wedbush restated an “outperform” rating and issued a $110.00 price objective on shares of Oklo in a research report on Tuesday, May 26th. Craig Hallum reaffirmed a “hold” rating on shares of Oklo in a research note on Wednesday, March 18th. Finally, Bank of America assumed coverage on Oklo in a report on Friday, May 22nd. They set a “buy” rating and a $80.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.18.

More Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Oklo announced the acquisition of Creative Engineers, Inc. (CEI), adding expertise in sodium and alkali-metal systems, component development, fabrication, and applied R&D to help accelerate commercialization of its Aurora reactor program. Oklo Acquires Creative Engineers to Strengthen Sodium, Alkali-Metal Capabilities
• Positive Sentiment: The CEI deal is being viewed as a way to remove a key bottleneck for Aurora commercialization, while also bringing a cash flow-positive business and more technical capabilities in-house. Oklo’s Second Acquisition In Weeks Targets A Key Aurora Bottleneck – What Investors Need To Know
• Positive Sentiment: Investor interest in advanced nuclear names remains elevated, with Oklo cited alongside peers as policy support and growing demand for advanced nuclear development keep the sector in focus. Why DOE’s July 4 Reactor Deadline Matters to Nuclear Stocks
• Positive Sentiment: Analyst and market commentary continue to highlight Oklo as one of the more closely watched advanced nuclear stocks, which can help sustain trading momentum. Why DOE’s July 4 Reactor Deadline Matters to Nuclear Stocks
• Neutral Sentiment: Several “which nuclear stock is better” and “nuclear stocks to watch” articles are keeping OKLO in the conversation, but these are mostly sentiment-driven and do not add new company-specific fundamentals. OKLO or NNE: Which Nuclear Name Deserves Your Attention?
• Negative Sentiment: Despite the upbeat acquisition and policy headlines, Oklo’s shares remain well below recent moving averages, suggesting investors are still weighing execution risk and valuation concerns.

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.