Neo Ivy Capital Management Invests $2.20 Million in Oklo Inc. $OKLO

Neo Ivy Capital Management acquired a new stake in shares of Oklo Inc. (NYSE:OKLO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,696 shares of the company’s stock, valued at approximately $2,199,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OKLO. Vanguard Group Inc. raised its stake in Oklo by 33.4% during the 3rd 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 during the last quarter. Geode Capital Management LLC boosted its stake 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 worth $125,906,000 after buying an additional 1,488,482 shares during the last quarter. State Street Corp grew its holdings in shares of Oklo by 454.5% in the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock worth $119,743,000 after acquiring an additional 1,752,946 shares during the period. Hood River Capital Management LLC bought a new stake in shares of Oklo in the second quarter worth $40,919,000. Finally, Millennium Management LLC increased its position in Oklo by 4,974.1% during the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after acquiring an additional 570,532 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on OKLO shares. B. Riley Financial increased their target price on Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Wedbush restated an “outperform” rating on shares of Oklo in a research note on Friday, January 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $106.00 price target on shares of Oklo in a research report on Friday, January 9th. Zacks Research downgraded shares of Oklo from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Finally, Needham & Company LLC restated a “buy” rating on shares of Oklo in a research report on Friday, January 9th. Two equities research 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.93.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 840,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 1,580,000 shares of the company’s stock, valued at $130,065,600. This trade represents a 34.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $78.40, for a total value of $5,475,534.40. Following the completion of the transaction, the chief financial officer owned 202,072 shares in the company, valued at $15,842,444.80. The trade was a 25.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,944,726 shares of company stock valued at $164,208,389 in the last ninety days. 18.90% of the stock is currently owned by insiders.

Oklo Price Performance

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

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.