Bleakley Financial Group LLC Has $2.35 Million Holdings in Oklo Inc. $OKLO

Bleakley Financial Group LLC cut its position in shares of Oklo Inc. (NYSE:OKLO) by 47.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,092 shares of the company’s stock after selling 18,699 shares during the period. Bleakley Financial Group LLC’s holdings in Oklo were worth $2,354,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caprock Group LLC acquired a new stake in Oklo in the 3rd quarter valued at $14,829,000. Black Swift Group LLC bought a new position in shares of Oklo during the second quarter valued at $280,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Oklo by 48.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,860 shares of the company’s stock worth $18,403,000 after purchasing an additional 54,080 shares during the last quarter. Prospera Financial Services Inc grew its holdings in shares of Oklo by 10.0% in the 2nd quarter. Prospera Financial Services Inc now owns 51,435 shares of the company’s stock worth $2,880,000 after purchasing an additional 4,678 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC acquired a new stake in shares of Oklo during the 2nd quarter worth about $738,000. 85.03% of the stock is owned by institutional investors.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 60,000 shares of Oklo stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $74.45, for a total transaction of $4,467,000.00. Following the completion of the sale, the chief executive officer owned 748,197 shares of the company’s stock, valued at approximately $55,703,266.65. The trade was a 7.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard Craig Bealmear sold 9,726 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $76.93, for a total transaction of $748,221.18. Following the sale, the chief financial officer owned 196,913 shares of the company’s stock, valued at $15,148,517.09. The trade was a 4.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,750,590 shares of company stock valued at $152,068,284. 18.90% of the stock is owned by corporate insiders.

Oklo Stock Down 0.9%

Oklo stock opened at $63.23 on Tuesday. The business’s 50-day simple moving average is $80.58 and its 200 day simple moving average is $96.37. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of -117.09 and a beta of 0.76. Oklo Inc. has a 12-month low of $17.42 and a 12-month high of $193.84.

Wall Street Analyst Weigh In

A number of research firms have commented on OKLO. Cantor Fitzgerald restated an “overweight” rating and issued a $122.00 price target on shares of Oklo in a research report on Wednesday, November 12th. UBS Group restated a “neutral” rating on shares of Oklo in a research report on Monday, January 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $106.00 price objective on shares of Oklo in a research report on Friday, January 9th. Zacks Research lowered Oklo from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Finally, B. Riley Financial upped their price target on shares of Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Oklo currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.93.

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.