Caprock Group LLC Makes New $14.83 Million Investment in Oklo Inc. $OKLO

Caprock Group LLC bought a new stake in Oklo Inc. (NYSE:OKLO) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 132,844 shares of the company’s stock, valued at approximately $14,829,000. Caprock Group LLC owned approximately 0.09% of Oklo at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA bought a new position in Oklo in the second quarter valued at approximately $25,000. Fourth Dimension Wealth LLC boosted its holdings in shares of Oklo by 125.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares in the last quarter. Armstrong Advisory Group Inc. bought a new position in shares of Oklo in the 3rd quarter valued at $27,000. Elevation Point Wealth Partners LLC bought a new position in shares of Oklo in the 2nd quarter valued at $28,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Oklo during the 3rd quarter worth $28,000. Institutional investors own 85.03% of the company’s stock.

Analysts Set New Price Targets

OKLO has been the topic of several research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $122.00 price objective on shares of Oklo in a research note on Wednesday, November 12th. Needham & Company LLC reissued a “buy” rating on shares of Oklo in a report on Friday, January 9th. B. Riley Financial raised their price target on shares of Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Oklo in a research report on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Oklo from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.20.

Oklo Price Performance

Oklo stock opened at $69.46 on Wednesday. The business has a 50 day moving average of $86.63 and a 200-day moving average of $97.08. The company has a market capitalization of $10.85 billion, a P/E ratio of -128.63 and a beta of 0.76. Oklo Inc. has a 1 year low of $17.42 and a 1 year high of $193.84.

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same period in the previous year, the business posted ($0.08) earnings per share. Equities analysts anticipate that Oklo Inc. will post -8.2 EPS for the current year.

Insider Transactions at Oklo

In other news, CEO Jacob Dewitte sold 60,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $74.45, for a total value of $4,467,000.00. Following the completion of the sale, the chief executive officer owned 748,197 shares in the company, valued at $55,703,266.65. This represents a 7.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Richard Craig Bealmear sold 9,726 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $76.93, for a total value of $748,221.18. Following the completion of the sale, the chief financial officer owned 196,913 shares in the company, valued at approximately $15,148,517.09. The trade was a 4.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,762,526 shares of company stock valued at $153,283,847 over the last ninety days. 18.90% of the stock is currently owned by corporate insiders.

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.