Canal Insurance CO Has $3.35 Million Stock Holdings in Oklo Inc. $OKLO

Canal Insurance CO trimmed its position in Oklo Inc. (NYSE:OKLO) by 50.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the company’s stock after selling 30,000 shares during the quarter. Canal Insurance CO’s holdings in Oklo were worth $3,349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in shares of Oklo by 162.6% in the 1st quarter. Royal Bank of Canada now owns 92,850 shares of the company’s stock valued at $2,009,000 after purchasing an additional 57,497 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Oklo in the first quarter valued at about $519,000. Millennium Management LLC grew its position in 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 last quarter. NewEdge Advisors LLC grew its position in Oklo by 165.6% in the first quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock valued at $339,000 after acquiring an additional 9,772 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Oklo by 90.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company’s stock worth $2,439,000 after acquiring an additional 53,703 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on OKLO shares. Weiss Ratings restated a “sell (d)” rating on shares of Oklo in a research note on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating on shares of Oklo in a research note on Friday. UBS Group reiterated a “neutral” rating on shares of Oklo in a report on Monday. B. Riley increased their price target on Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Finally, Bank of America reduced their price objective on Oklo from $117.00 to $111.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Oklo has an average rating of “Hold” and a consensus target price of $102.13.

Trending Headlines about Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Meta partnership and prepayment materially de-risks Oklo’s 1.2 GW Ohio project (provides early funding, a committed customer and long-term demand visibility). Power Hungry: Inside Meta’s Huge Investment in a Nuclear Strategy
• Positive Sentiment: Macro demand case: BloombergNEF/press coverage estimates large capital needs (~$14B for new reactors to support Meta-scale AI power), which supports long-term addressable market for Oklo. Meta deals need US$14 billion in new reactors
• Positive Sentiment: Short interest fell sharply in December (down ~17.9% to ~16.97M shares, ~13.4% of float), reducing one source of selling pressure and lowering days‑to‑cover to ~2.0 — a potential tailwind. (internal short-interest report)
• Neutral Sentiment: Project timeline remains long‑dated: Oklo’s CEO says first phase of the Meta agreement could come online “as early as 2030” — meaningful for valuation but not immediate revenue; this keeps investment horizon extended. Oklo CEO: First phase could come online as early as 2030
• Neutral Sentiment: Sector narrative is shifting in Oklo’s favor as Big Tech secures baseload power; this creates investor interest but also separates winners (execution risk remains). Power Struggle: Why Big Tech Is Buying Nuclear Stocks
• Negative Sentiment: Insider selling by CEO Jacob Dewitte: multiple January sales totaling ~91,628 shares disclosed (SEC filing), representing a meaningful reduction in his position; such large insider sales can be perceived negatively by the market. SEC insider filing
• Negative Sentiment: CEO comments highlight significant regulatory and permitting burdens for scaling advanced reactors — underscores execution and timing risk that can keep valuation pressured until approvals/progress are visible. OKLO CEO talks regulatory burdens
• Negative Sentiment: Recent fundamentals: the company reported a quarterly EPS miss and analysts still expect significant negative EPS for the year, reinforcing that Oklo is a long‑duration, capital‑dependent growth story rather than a near‑term earnings play. (company earnings release / analyst consensus)

Oklo Stock Down 5.4%

NYSE OKLO opened at $96.94 on Wednesday. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of -179.51 and a beta of 0.76. Oklo Inc. has a twelve month low of $17.42 and a twelve month high of $193.84. The stock has a fifty day simple moving average of $92.63 and a 200 day simple moving average of $93.88.

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

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 64,888 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $112.03, for a total transaction of $7,269,402.64. Following the completion of the sale, the chief executive officer owned 799,023 shares of the company’s stock, valued at approximately $89,514,546.69. This represents a 7.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Craig Bealmear sold 5,159 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $76.97, for a total transaction of $397,088.23. Following the completion of the transaction, the chief financial officer owned 196,913 shares in the company, valued at $15,156,393.61. This trade represents a 2.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,552,800 shares of company stock worth $137,543,426 over the last quarter. 18.90% of the stock is currently 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.