Headlands Technologies LLC Increases Stock Holdings in Oklo Inc. (NYSE:OKLO)

Key Points

• Headlands Technologies LLC significantly increased its holdings in Oklo Inc. by 2,120.2% in Q1, now owning 218,820 shares valued at approximately $4.73 million.
• Oklo stock recently received a mix of ratings from analysts, with a consensus rating of "Moderate Buy" and a target price of $59.33.
• Insiders at Oklo sold 600,000 shares worth approximately $35 million in the last three months, indicating a 20% decrease in ownership for Director Michael Stuart Klein and a 2.88% decrease for CEO Jacob Dewitte.

Headlands Technologies LLC grew its holdings in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 2,120.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,820 shares of the company's stock after purchasing an additional 208,964 shares during the period. Headlands Technologies LLC owned about 0.16% of Oklo worth $4,733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Oklo by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,929,139 shares of the company's stock valued at $104,646,000 after purchasing an additional 74,315 shares during the period. Vanguard Group Inc. raised its position in Oklo by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company's stock valued at $94,770,000 after purchasing an additional 37,718 shares in the last quarter. JAT Capital Mgmt LP purchased a new position in shares of Oklo in the 4th quarter valued at about $14,798,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Oklo during the first quarter worth about $11,674,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Oklo during the fourth quarter worth about $9,008,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. BNP Paribas Exane initiated coverage on shares of Oklo in a report on Friday, July 25th. They issued an "underperform" rating and a $14.00 target price on the stock. William Blair initiated coverage on shares of Oklo in a report on Wednesday, May 28th. They issued an "outperform" rating on the stock. HC Wainwright started coverage on shares of Oklo in a research note on Wednesday, April 23rd. They set a "buy" rating and a $55.00 target price for the company. Seaport Res Ptn upgraded Oklo from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 9th. Finally, BTIG Research started coverage on Oklo in a report on Friday, April 11th. They set a "neutral" rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.33.

Insider Activity at Oklo

In other Oklo news, Director Michael Stuart Klein sold 50,000 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $54.85, for a total transaction of $2,742,500.00. Following the transaction, the director directly owned 200,000 shares of the company's stock, valued at approximately $10,970,000. This trade represents a 20.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of Oklo stock in a transaction on Monday, June 30th. The shares were sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the completion of the transaction, the chief executive officer owned 10,105,098 shares in the company, valued at approximately $557,801,409.60. This represents a 2.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 600,000 shares of company stock valued at $35,066,500 over the last three months. Corporate insiders own 18.90% of the company's stock.

Oklo Stock Performance

Shares of OKLO stock opened at $83.06 on Thursday. The stock's 50-day moving average is $61.43 and its two-hundred day moving average is $42.49. The firm has a market cap of $11.59 billion, a price-to-earnings ratio of -15.35 and a beta of 0.60. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $85.35.

Oklo (NYSE:OKLO - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.04. As a group, research analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Oklo Company Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.

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