Oklo Inc. $OKLO Position Trimmed by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has reduced its stake in Oklo Inc. by 4.7%, selling 232,258 shares in the first quarter, now owning around 3.37% of the company, valued at approximately $101.6 million.
• In addition to MIRAE, other hedge funds including Vanguard Group Inc. and Compound Planning Inc. have also increased their holdings in Oklo during the same period.
• Oklo's stock has a consensus rating of Moderate Buy from analysts, with an average target price of $66.45, despite a recent earnings miss of ($0.18) per share.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in Oklo Inc. (NYSE:OKLO - Free Report) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,696,881 shares of the company's stock after selling 232,258 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 3.37% of Oklo worth $101,594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Oklo during the first quarter worth about $11,674,000. Jump Financial LLC purchased a new stake in shares of Oklo during the 1st quarter worth approximately $6,929,000. Temasek Holdings Private Ltd acquired a new stake in shares of Oklo in the 4th quarter worth approximately $5,447,000. Raymond James Financial Inc. increased its stake in Oklo by 202.6% in the 1st quarter. Raymond James Financial Inc. now owns 314,794 shares of the company's stock valued at $6,809,000 after purchasing an additional 210,755 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings in Oklo by 2,120.2% during the first quarter. Headlands Technologies LLC now owns 218,820 shares of the company's stock worth $4,733,000 after purchasing an additional 208,964 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock.

Analyst Ratings Changes

OKLO has been the subject of a number of research analyst reports. BNP Paribas upgraded Oklo to a "strong sell" rating in a research report on Friday, July 25th. Wedbush upped their price target on shares of Oklo from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. HC Wainwright raised their price objective on shares of Oklo from $55.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Bank of America started coverage on Oklo in a research note on Tuesday, August 26th. They issued a "buy" rating and a $92.00 target price on the stock. Finally, Daiwa Capital Markets raised Oklo from a "neutral" rating to an "outperform" rating in a research report on Sunday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $66.45.

Insider Activity

In related 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $55.20, for a total value 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 trade represents a 2.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 600,000 shares of company stock valued at $35,066,500 in the last ninety days. Company insiders own 18.90% of the company's stock.

Oklo Price Performance

OKLO stock traded up $2.73 during trading on Tuesday, reaching $73.45. 7,134,469 shares of the stock traded hands, compared to its average volume of 17,642,307. The firm has a market capitalization of $10.84 billion, a PE ratio of -174.08 and a beta of 0.59. The business's 50 day moving average price is $68.60 and its 200-day moving average price is $47.05. Oklo Inc. has a 52-week low of $5.57 and a 52-week high of $85.35.

Oklo (NYSE:OKLO - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). On average, equities research analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.

About Oklo

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.