Handelsbanken Fonder AB Purchases 16,100 Shares of Oklo Inc. $OKLO

Handelsbanken Fonder AB boosted its position in Oklo Inc. (NYSE:OKLO) by 43.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,900 shares of the company’s stock after buying an additional 16,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Oklo were worth $2,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. NBC Securities Inc. increased its holdings in Oklo by 75.0% in the 4th quarter. NBC Securities Inc. now owns 350 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. Costello Asset Management INC increased its stake in shares of Oklo by 66.7% in the first quarter. Costello Asset Management INC now owns 500 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Gilpin Wealth Management LLC purchased a new position in shares of Oklo in the fourth quarter worth about $29,000. SHP Wealth Management bought a new stake in shares of Oklo in the fourth quarter valued at approximately $32,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Oklo during the 1st quarter valued at approximately $33,000. 85.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OKLO has been the topic of a number of analyst reports. Canaccord Genuity Group lowered their target price on shares of Oklo from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Citigroup decreased their price objective on Oklo from $76.00 to $57.50 and set a “neutral” rating on the stock in a research note on Monday, August 10th. UBS Group reduced their target price on Oklo from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, June 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Oklo in a report on Friday, August 7th. Finally, Guggenheim started coverage on shares of Oklo in a research note on Thursday, June 25th. They set a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.03.

Insiders Place Their Bets

In other Oklo news, insider William Carroll Murphy Goodwin sold 10,548 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 36,175 shares of the company’s stock, valued at $2,099,597. This represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock in a transaction that occurred on 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 transaction, the chief financial officer owned 397,642 shares in the company, valued at $27,206,665.64. The trade was a 15.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 483,629 shares of company stock valued at $29,855,608 over the last quarter. 12.70% of the stock is owned by corporate insiders.

Oklo Stock Up 0.0%

Shares of OKLO stock opened at $44.39 on Monday. The business has a 50-day moving average price of $48.84 and a two-hundred day moving average price of $58.84. Oklo Inc. has a 12-month low of $36.61 and a 12-month high of $193.84. The firm has a market cap of $8.26 billion, a P/E ratio of -47.22 and a beta of 1.17.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). The firm had revenue of $1.21 million during the quarter, compared to analysts’ expectations of $0.09 million. The company’s quarterly revenue was up 11900.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.18) EPS. As a group, research analysts expect that Oklo Inc. will post -0.9 EPS for the current fiscal year.

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.