Rockefeller Capital Management L.P. Trims Stock Position in Oklo Inc. $OKLO

Rockefeller Capital Management L.P. decreased its position in shares of Oklo Inc. (NYSE:OKLO) by 58.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,886 shares of the company’s stock after selling 78,007 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Oklo were worth $3,073,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Oklo by 195.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock valued at $125,906,000 after purchasing an additional 1,488,482 shares during the period. Millennium Management LLC boosted its holdings in shares of Oklo by 4,974.1% in the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after acquiring an additional 570,532 shares during the period. Jump Financial LLC acquired a new stake in shares of Oklo in the first quarter valued at approximately $6,929,000. Bank of New York Mellon Corp grew its position in shares of Oklo by 1,718.9% during the second quarter. Bank of New York Mellon Corp now owns 301,181 shares of the company’s stock worth $16,863,000 after acquiring an additional 284,623 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Oklo by 202.6% in the 1st quarter. Raymond James Financial Inc. now owns 314,794 shares of the company’s stock valued at $6,809,000 after acquiring an additional 210,755 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OKLO. UBS Group set a $175.00 price target on shares of Oklo in a research note on Thursday, October 9th. B. Riley upped their target price on shares of Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Daiwa Capital Markets upgraded shares of Oklo from a “neutral” rating to an “outperform” rating in a research note on Sunday, July 27th. Wedbush restated an “outperform” rating and issued a $150.00 price target on shares of Oklo in a research report on Wednesday, November 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $122.00 price objective on shares of Oklo in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Oklo currently has an average rating of “Hold” and a consensus price target of $106.29.

Insiders Place Their Bets

In related news, Director Michael Stuart Klein sold 50,000 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the transaction, the director owned 150,000 shares of the company’s stock, valued at $20,064,000. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $70.09, for a total value of $2,900,814.83. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 503,323 shares of company stock valued at $53,914,143. Corporate insiders own 18.90% of the company’s stock.

Oklo Stock Performance

OKLO stock opened at $88.17 on Friday. The stock has a market capitalization of $13.78 billion, a PE ratio of -163.28 and a beta of 0.70. The company has a fifty day moving average of $124.82 and a 200-day moving average of $83.24. Oklo Inc. has a one year low of $17.14 and a one 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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same period last year, the business posted ($0.08) EPS. Equities analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Oklo Company Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.