Oklo Inc. $OKLO Shares Bought by Cwm LLC

Cwm LLC increased its stake in shares of Oklo Inc. (NYSE:OKLO) by 59.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 23,974 shares of the company’s stock after acquiring an additional 8,902 shares during the period. Cwm LLC’s holdings in Oklo were worth $2,676,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Caldwell Sutter Capital Inc. acquired a new stake in shares of Oklo in the 2nd quarter valued at about $25,000. Private Trust Co. NA acquired a new stake in shares of Oklo in the 2nd quarter worth about $25,000. Fourth Dimension Wealth LLC raised its holdings in shares of Oklo by 125.0% during the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after buying an additional 250 shares during the last quarter. Armstrong Advisory Group Inc. bought a new position in shares of Oklo in the third quarter worth $27,000. Finally, Elevation Point Wealth Partners LLC bought a new position in Oklo in the 2nd quarter valued at about $28,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on OKLO. Bank of America reduced their price objective on shares of Oklo from $117.00 to $111.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Canaccord Genuity Group began coverage on shares of Oklo in a research note on Thursday, October 9th. They issued a “buy” rating and a $175.00 price objective for the company. The Goldman Sachs Group assumed coverage on Oklo in a research report on Thursday, September 25th. They issued a “neutral” rating and a $117.00 price target on the stock. Seaport Res Ptn raised Oklo from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Finally, Citigroup restated a “neutral” rating on shares of Oklo in a research note on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $102.87.

Oklo Trading Up 8.4%

NYSE:OKLO opened at $77.76 on Friday. The stock has a market cap of $12.15 billion, a price-to-earnings ratio of -144.00 and a beta of 0.76. The stock has a 50-day moving average price of $97.38 and a two-hundred day moving average price of $91.49. Oklo Inc. has a 1 year low of $17.42 and a 1 year high of $193.84.

Oklo (NYSE:OKLO) last announced its 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 quarter last year, the business earned ($0.08) earnings per share. Sell-side analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 840,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $82.32, for a total transaction of $69,148,800.00. Following the completion of the sale, the chief executive officer directly owned 1,580,000 shares in the company, valued at $130,065,600. This represents a 34.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William Carroll Murphy Goodwin sold 5,864 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $88.42, for a total transaction of $518,494.88. Following the completion of the transaction, the insider directly owned 13,620 shares of the company’s stock, valued at approximately $1,204,280.40. The trade was a 30.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 932,800 shares of company stock worth $76,755,480 in the last ninety days. 18.90% of the stock is owned by company insiders.

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.