Compound Planning Inc. Sells 592,058 Shares of Oklo Inc. $OKLO

Compound Planning Inc. trimmed its stake in Oklo Inc. (NYSE:OKLO) by 68.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 269,823 shares of the company’s stock after selling 592,058 shares during the quarter. Oklo makes up about 1.0% of Compound Planning Inc.’s portfolio, making the stock its 23rd biggest holding. Compound Planning Inc. owned 0.18% of Oklo worth $30,120,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Oklo by 33.4% in the third quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock valued at $1,294,179,000 after buying an additional 2,901,909 shares in the last quarter. State Street Corp grew its position in shares of Oklo by 454.5% in the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company’s stock valued at $119,743,000 after acquiring an additional 1,752,946 shares during the period. Geode Capital Management LLC grew its position in shares of Oklo by 195.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock valued at $125,906,000 after acquiring an additional 1,488,482 shares during the period. Hood River Capital Management LLC acquired a new position in shares of Oklo during the 2nd quarter worth about $40,919,000. Finally, Millennium Management LLC raised its holdings in shares of Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after purchasing an additional 570,532 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Trading Down 0.9%

NYSE:OKLO opened at $63.23 on Tuesday. The stock has a 50 day simple moving average of $80.58 and a 200 day simple moving average of $96.37. The stock has a market cap of $9.88 billion, a P/E ratio of -117.09 and a beta of 0.76. Oklo Inc. has a 1-year low of $17.42 and a 1-year high of $193.84.

Analyst Upgrades and Downgrades

OKLO has been the subject of a number of research analyst reports. UBS Group reiterated a “neutral” rating on shares of Oklo in a report on Monday, January 12th. Barclays reiterated an “overweight” rating and set a $82.00 target price on shares of Oklo in a research note on Monday. Needham & Company LLC restated a “buy” rating on shares of Oklo in a research note on Friday, January 9th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $122.00 price target on shares of Oklo in a report on Wednesday, November 12th. Finally, Citigroup reiterated a “neutral” rating on shares of Oklo in a report on Monday, November 24th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.93.

Insider Buying and Selling at Oklo

In other news, CFO Richard Craig Bealmear sold 69,841 shares of Oklo stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $78.40, for a total transaction of $5,475,534.40. Following the completion of the sale, the chief financial officer owned 202,072 shares of the company’s stock, valued at approximately $15,842,444.80. This trade represents a 25.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 840,000 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $82.32, for a total value 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 approximately $130,065,600. This represents a 34.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,750,590 shares of company stock worth $152,068,284 in the last quarter. Company insiders own 18.90% of the company’s stock.

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.