Mirae Asset Global Investments Co. Ltd. Acquires 54,080 Shares of Oklo Inc. $OKLO

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Oklo Inc. (NYSE:OKLO) by 48.8% during the 3rd quarter, Holdings Channel reports. The firm owned 164,860 shares of the company’s stock after purchasing an additional 54,080 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Oklo were worth $18,403,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Oklo by 195.9% during 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 in the last quarter. State Street Corp lifted its position in shares of Oklo by 454.5% during 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. Hood River Capital Management LLC bought a new position in Oklo during the second quarter worth $40,919,000. Millennium Management LLC boosted its stake in Oklo by 4,974.1% during the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after acquiring an additional 570,532 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Oklo by 720.6% in the second quarter. JPMorgan Chase & Co. now owns 409,808 shares of the company’s stock worth $22,945,000 after purchasing an additional 359,866 shares during the period. 85.03% of the stock is currently owned by institutional investors.

Oklo Stock Performance

OKLO stock opened at $79.50 on Friday. The business has a 50-day simple moving average of $89.16 and a two-hundred day simple moving average of $96.47. The company has a market capitalization of $12.42 billion, a P/E ratio of -147.22 and a beta of 0.76. Oklo Inc. has a 52-week low of $17.42 and a 52-week high of $193.84.

Oklo (NYSE:OKLO) last posted its earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter in the prior year, the company posted ($0.08) earnings per share. As a group, sell-side analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating on shares of Oklo in a report on Friday, January 9th. William Blair reaffirmed an “outperform” rating on shares of Oklo in a research note on Wednesday, November 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $106.00 price objective on shares of Oklo in a research note on Friday, January 9th. Canaccord Genuity Group assumed coverage on Oklo in a report on Thursday, October 9th. They set a “buy” rating and a $175.00 price objective for the company. Finally, Citigroup reiterated a “neutral” rating on shares of Oklo in a report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Oklo presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.20.

Insider Buying and Selling at Oklo

In other Oklo news, CFO Richard Craig Bealmear sold 69,841 shares of Oklo stock in a transaction 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 directly owned 202,072 shares of the company’s stock, valued at $15,842,444.80. The trade was a 25.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Carroll Murphy Goodwin sold 11,936 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $101.84, for a total transaction of $1,215,562.24. Following the completion of the sale, the insider owned 8,750 shares of the company’s stock, valued at approximately $891,100. The trade was a 57.70% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,552,800 shares of company stock worth $137,543,426. Corporate insiders own 18.90% of the company’s stock.

About Oklo

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.