Banque Transatlantique SA Has $3.22 Million Stock Holdings in Oklo Inc. $OKLO

Banque Transatlantique SA decreased its stake in Oklo Inc. (NYSE:OKLO) by 43.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,890 shares of the company’s stock after selling 21,080 shares during the period. Banque Transatlantique SA’s holdings in Oklo were worth $3,224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. bought a new position in Oklo in the third quarter valued at approximately $27,000. Gables Capital Management Inc. bought a new stake in shares of Oklo during the 3rd quarter worth approximately $28,000. Nemes Rush Group LLC bought a new stake in shares of Oklo during the 3rd quarter worth approximately $28,000. CI Investments Inc. grew its stake in shares of Oklo by 153.0% in the third quarter. CI Investments Inc. now owns 296 shares of the company’s stock valued at $33,000 after buying an additional 179 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in Oklo during the third quarter worth $33,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

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, CFO Richard Craig Bealmear sold 69,841 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $78.40, for a total value of $5,475,534.40. Following the transaction, the chief financial officer directly owned 202,072 shares of the company’s stock, valued at approximately $15,842,444.80. The trade was a 25.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,947,546 shares of company stock valued at $164,368,254. Company insiders own 18.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on OKLO shares. Needham & Company LLC reiterated a “buy” rating on shares of Oklo in a research note on Friday, January 9th. Bank of America upgraded shares of Oklo from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $111.00 to $127.00 in a research note on Wednesday, January 21st. Barclays cut their target price on shares of Oklo from $146.00 to $82.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. The Goldman Sachs Group reissued a “neutral” rating and set a $106.00 price target on shares of Oklo in a research report on Friday, January 9th. Finally, Zacks Research lowered Oklo from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Two investment 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.93.

Oklo Stock Performance

OKLO opened at $58.36 on Friday. The business’s fifty day moving average is $76.36 and its 200-day moving average is $95.19. The firm has a market cap of $9.12 billion, a P/E ratio of -108.07 and a beta of 0.80. Oklo Inc. has a 52-week low of $17.42 and a 52-week high of $193.84.

Oklo 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.