DNB Asset Management AS Invests $1.27 Million in Oklo Inc. $OKLO

DNB Asset Management AS purchased a new position in shares of Oklo Inc. (NYSE:OKLO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,372 shares of the company’s stock, valued at approximately $1,269,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OKLO. Choreo LLC grew its stake in shares of Oklo by 6.5% in the 3rd quarter. Choreo LLC now owns 8,461 shares of the company’s stock valued at $945,000 after purchasing an additional 515 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in Oklo in the 3rd quarter valued at $336,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Oklo in the 3rd quarter valued at $2,177,000. US Bancorp DE raised its position in Oklo by 23.9% during the 3rd quarter. US Bancorp DE now owns 7,142 shares of the company’s stock worth $797,000 after buying an additional 1,379 shares during the last quarter. Finally, Empirical Asset Management LLC acquired a new stake in shares of Oklo in the 3rd quarter worth $283,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oklo

In other Oklo news, CFO Richard Craig Bealmear sold 9,726 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $76.93, for a total transaction of $748,221.18. Following the completion of the transaction, the chief financial officer directly owned 196,913 shares in the company, valued at approximately $15,148,517.09. This trade represents a 4.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 60,000 shares of Oklo stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $74.45, for a total transaction of $4,467,000.00. Following the transaction, 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,744,726 shares of company stock worth $151,549,790. 18.90% of the stock is owned by corporate insiders.

Oklo Stock Performance

Oklo stock opened at $63.20 on Wednesday. Oklo Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $193.84. The firm has a market capitalization of $9.88 billion, a price-to-earnings ratio of -117.04 and a beta of 0.80. The stock’s fifty day moving average is $78.68 and its two-hundred day moving average is $95.97.

Wall Street Analyst Weigh In

OKLO has been the topic of a number of recent analyst reports. UBS Group reiterated a “neutral” rating on shares of Oklo in a research note on Monday, January 12th. Barclays lowered their price objective on Oklo from $146.00 to $82.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Needham & Company LLC reissued a “buy” rating on shares of Oklo in a research note on Friday, January 9th. Cantor Fitzgerald restated an “overweight” rating and issued a $122.00 price target on shares of Oklo in a research note on Wednesday, November 12th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $106.00 price objective on shares of Oklo in a report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.93.

About Oklo

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.