17,870 Shares in Oklo Inc. $OKLO Purchased by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP acquired a new stake in Oklo Inc. (NYSE:OKLO) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 17,870 shares of the company’s stock, valued at approximately $1,995,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. bought a new position in Oklo during the 3rd quarter worth approximately $27,000. Gables Capital Management Inc. bought a new stake in shares of Oklo in the 3rd quarter valued at approximately $28,000. Nemes Rush Group LLC bought a new stake in shares of Oklo in the 3rd quarter valued at approximately $28,000. CI Investments Inc. raised its position in shares of Oklo by 153.0% during the 3rd quarter. CI Investments Inc. now owns 296 shares of the company’s stock valued at $33,000 after acquiring an additional 179 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Oklo during the third quarter worth $33,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on OKLO. Bank of America raised shares of Oklo from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $111.00 to $127.00 in a report on Wednesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating on shares of Oklo in a report on Friday, January 9th. Texas Capital raised shares of Oklo to a “strong-buy” rating in a research report on Tuesday, January 27th. UBS Group reiterated a “neutral” rating on shares of Oklo in a research note on Monday, January 12th. Finally, Zacks Research downgraded Oklo from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Oklo presently has an average rating of “Moderate Buy” and an average target price of $98.93.

Oklo Stock Down 2.1%

OKLO stock opened at $58.36 on Friday. The stock has a market cap of $9.12 billion, a PE ratio of -108.07 and a beta of 0.80. The firm’s 50-day simple moving average is $76.36 and its 200 day simple moving average is $95.19. Oklo Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $193.84.

Insider Buying and Selling at Oklo

In related news, insider William Carroll Murphy Goodwin sold 2,820 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $56.69, for a total value of $159,865.80. Following the completion of the transaction, the insider directly owned 15,991 shares of the company’s stock, valued at $906,529.79. This represents a 14.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard Craig Bealmear sold 9,726 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $76.93, for a total value of $748,221.18. Following the completion of the sale, the chief financial officer owned 196,913 shares in the company, valued at approximately $15,148,517.09. This represents a 4.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,947,546 shares of company stock worth $164,368,254. 18.90% of the stock is owned by company insiders.

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.