SG Americas Securities LLC Has $4.36 Million Stock Holdings in Oklo Inc. $OKLO

SG Americas Securities LLC trimmed its stake in shares of Oklo Inc. (NYSE:OKLO) by 27.3% in the first quarter, HoldingsChannel.com reports. The fund owned 87,838 shares of the company’s stock after selling 32,914 shares during the quarter. SG Americas Securities LLC’s holdings in Oklo were worth $4,356,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Nemes Rush Group LLC acquired a new position in Oklo in the third quarter valued at about $28,000. CI Investments Inc. grew its stake in Oklo by 153.0% during the third quarter. CI Investments Inc. now owns 296 shares of the company’s stock worth $33,000 after buying an additional 179 shares in the last quarter. Comprehensive Financial Planning Inc. PA grew its stake in Oklo by 950.0% during the third quarter. Comprehensive Financial Planning Inc. PA now owns 315 shares of the company’s stock worth $35,000 after buying an additional 285 shares in the last quarter. NBC Securities Inc. increased its holdings in Oklo by 75.0% in the 4th quarter. NBC Securities Inc. now owns 350 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Oklo by 356.2% in the 4th quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock valued at $26,000 after buying an additional 285 shares during the period. 85.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Richard Craig Bealmear sold 73,081 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $68.42, for a total value of $5,000,202.02. Following the completion of the transaction, the chief financial officer directly owned 397,642 shares in the company, valued at approximately $27,206,665.64. This represents a 15.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William Carroll Murphy Goodwin sold 10,548 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $58.04, for a total value of $612,205.92. Following the sale, the insider directly owned 36,175 shares in the company, valued at approximately $2,099,597. This trade represents a 22.58% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 699,971 shares of company stock valued at $44,221,357. 18.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OKLO shares. Royal Bank Of Canada set a $80.00 price target on shares of Oklo in a report on Friday, May 22nd. The Goldman Sachs Group decreased their price objective on shares of Oklo from $91.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Craig Hallum restated a “hold” rating on shares of Oklo in a research report on Wednesday, March 18th. HSBC started coverage on shares of Oklo in a research report on Thursday, April 23rd. They set a “buy” rating and a $96.00 price objective for the company. Finally, Bank of America initiated coverage on Oklo in a report on Friday, May 22nd. They issued a “buy” rating and a $80.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.18.

Oklo Trading Up 5.7%

Shares of NYSE OKLO opened at $52.85 on Tuesday. The company has a market cap of $9.20 billion, a price-to-earnings ratio of -62.92 and a beta of 1.10. Oklo Inc. has a 12 month low of $44.88 and a 12 month high of $193.84. The stock has a 50-day moving average price of $64.54 and a two-hundred day moving average price of $68.93.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter last year, the company earned ($0.07) earnings per share. On average, sell-side analysts predict that Oklo Inc. will post -0.78 earnings per share for the current year.

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.