Cresset Asset Management LLC Acquires 10,064 Shares of Oklo Inc. $OKLO

Cresset Asset Management LLC boosted its holdings in shares of Oklo Inc. (NYSE:OKLO) by 34.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,596 shares of the company’s stock after acquiring an additional 10,064 shares during the period. Cresset Asset Management LLC’s holdings in Oklo were worth $4,420,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of OKLO. Vanguard Group Inc. grew its holdings in Oklo by 33.4% in the third quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company’s stock worth $1,294,179,000 after purchasing an additional 2,901,909 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Oklo by 195.9% during the second quarter. Geode Capital Management LLC now owns 2,248,425 shares of the company’s stock valued at $125,906,000 after purchasing an additional 1,488,482 shares during the last quarter. State Street Corp boosted 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 worth $119,743,000 after purchasing an additional 1,752,946 shares in the last quarter. Hood River Capital Management LLC bought a new stake in shares of Oklo in the 2nd quarter worth approximately $40,919,000. Finally, Millennium Management LLC grew its stake 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 worth $12,589,000 after buying an additional 570,532 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on OKLO shares. Texas Capital raised Oklo to a “strong-buy” rating in a research report on Tuesday, January 27th. Wedbush reissued an “outperform” rating on shares of Oklo in a report on Friday, January 9th. Barclays cut their target price on Oklo from $146.00 to $82.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Bank of America upgraded Oklo from a “neutral” rating to a “buy” rating and raised their price target for the company from $111.00 to $127.00 in a report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Oklo in a research note on Thursday, January 22nd. Two 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’s stock. According to MarketBeat.com, Oklo has an average rating of “Moderate Buy” and an average price target of $98.93.

Oklo Price Performance

Oklo stock opened at $58.35 on Friday. Oklo Inc. has a one year low of $17.42 and a one year high of $193.84. The business’s fifty day moving average is $77.62 and its 200 day moving average is $95.45. The stock has a market capitalization of $9.12 billion, a PE ratio of -108.06 and a beta of 0.80.

Insider Activity

In other news, CEO Jacob Dewitte sold 840,000 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $82.32, for a total transaction of $69,148,800.00. Following the completion of the transaction, the chief executive officer directly owned 1,580,000 shares of the company’s stock, valued at $130,065,600. The trade was 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 stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $78.40, for a total transaction of $5,475,534.40. Following the transaction, the chief financial officer owned 202,072 shares in the company, valued at approximately $15,842,444.80. This trade represents a 25.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,944,726 shares of company stock worth $164,208,389 in the last 90 days. 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.