Caitong International Asset Management Co. Ltd Has $4.48 Million Position in Oklo Inc. $OKLO

Caitong International Asset Management Co. Ltd increased its position in shares of Oklo Inc. (NYSE:OKLOFree Report) by 52.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,086 shares of the company’s stock after buying an additional 13,866 shares during the quarter. Oklo comprises about 3.1% of Caitong International Asset Management Co. Ltd’s portfolio, making the stock its 6th biggest position. Caitong International Asset Management Co. Ltd’s holdings in Oklo were worth $4,475,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Oklo by 162.6% in the 1st quarter. Royal Bank of Canada now owns 92,850 shares of the company’s stock valued at $2,009,000 after acquiring an additional 57,497 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Oklo in the first quarter worth approximately $519,000. Millennium Management LLC lifted its holdings in shares of Oklo by 4,974.1% in the first 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 in the last quarter. NewEdge Advisors LLC boosted its position in shares of Oklo by 165.6% during the first quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock valued at $339,000 after buying an additional 9,772 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Oklo by 90.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,772 shares of the company’s stock valued at $2,439,000 after buying an additional 53,703 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 72,960 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $60.00, for a total transaction of $4,377,600.00. Following the completion of the transaction, the chief executive officer directly owned 751,533 shares of the company’s stock, valued at $45,091,980. This represents a 8.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard Craig Bealmear sold 72,090 shares of Oklo stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $60.00, for a total transaction of $4,325,400.00. Following the completion of the sale, the chief financial officer directly owned 386,008 shares in the company, valued at $23,160,480. This trade represents a 15.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 2,067,583 shares of company stock valued at $170,285,400. Company insiders own 18.90% of the company’s stock.

Oklo Price Performance

NYSE OKLO opened at $60.75 on Wednesday. The business’s fifty day moving average is $75.08 and its 200-day moving average is $95.27. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of -112.50 and a beta of 0.80. Oklo Inc. has a one year low of $17.42 and a one year high of $193.84.

Oklo News Summary

Here are the key news stories impacting Oklo this week:

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group reissued a “neutral” rating on shares of Oklo in a research report on Monday, January 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Oklo in a research note on Thursday, January 22nd. Texas Capital upgraded shares of Oklo to a “strong-buy” rating in a report on Tuesday, January 27th. Citigroup reissued a “neutral” rating on shares of Oklo in a research report on Monday, November 24th. Finally, Barclays reduced their price objective on shares of Oklo from $146.00 to $82.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Oklo has an average rating of “Moderate Buy” and a consensus price target of $98.93.

View Our Latest Stock Analysis on OKLO

Oklo Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oklo (NYSE:OKLO)

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