Nomura Asset Management Co. Ltd. Purchases New Position in Oklo Inc. $OKLO

Nomura Asset Management Co. Ltd. purchased a new stake in shares of Oklo Inc. (NYSE:OKLO) in the 4th quarter, Holdings Channel reports. The fund purchased 35,680 shares of the company’s stock, valued at approximately $2,560,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Oklo by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company’s stock valued at $835,107,000 after acquiring an additional 44,036 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Oklo by 71.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock valued at $792,822,000 after acquiring an additional 2,968,981 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Oklo by 61.0% during the third quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock valued at $387,914,000 after acquiring an additional 1,316,867 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Oklo by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock valued at $201,671,000 after acquiring an additional 185,265 shares in the last quarter. Finally, State Street Corp increased its position in shares of Oklo by 454.5% during the second 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 in the last quarter. Institutional investors own 85.03% of the company’s stock.

Insider Activity

In other news, CEO Jacob Dewitte sold 60,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.29, for a total transaction of $4,097,400.00. Following the completion of the sale, the chief executive officer owned 571,533 shares of the company’s stock, valued at $39,029,988.57. The trade was a 9.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $58.04, for a total transaction of $612,205.92. Following the sale, the insider directly owned 36,175 shares of the company’s stock, valued at approximately $2,099,597. The trade was a 22.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 892,669 shares of company stock valued at $55,773,903 in the last 90 days. Company insiders own 18.90% of the company’s stock.

Oklo Trading Up 0.4%

NYSE:OKLO opened at $65.46 on Friday. Oklo Inc. has a 12 month low of $44.88 and a 12 month high of $193.84. The company has a market cap of $11.39 billion, a PE ratio of -77.93 and a beta of 1.10. The company has a 50 day simple moving average of $62.83 and a two-hundred day simple moving average of $73.51.

Oklo (NYSE:OKLO) last posted its earnings results on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Research analysts forecast that Oklo Inc. will post -0.78 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wedbush reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Oklo in a research report on Tuesday, May 26th. UBS Group cut their target price on shares of Oklo from $95.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Needham & Company LLC cut their target price on shares of Oklo from $135.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Zacks Research raised shares of Oklo from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, HSBC assumed coverage on shares of Oklo in a research report on Thursday, April 23rd. They issued a “buy” rating and a $96.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $83.06.

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.