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

Key Points

• Mirae Asset increased its stake in Oklo by 48.8%, buying 54,080 shares in Q3 to hold 164,860 shares worth about $18.4 million (0.11% of the company).
• Insiders have been net sellers, offloading 1,552,800 shares valued at roughly $137.5 million in the past three months, though insiders still own about 18.9% of Oklo.
• Oklo shares are down 7.6% (recent open $79.50) after an EPS miss of ($0.20), and Wall Street’s average rating is a Moderate Buy with an average target price of $103.20.

Mirae Asset Global Investments Co. Ltd. boosted its position in Oklo Inc. (NYSE:OKLO - Free Report) by 48.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,860 shares of the company's stock after acquiring an additional 54,080 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.11% of Oklo worth $18,403,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OKLO. Private Trust Co. NA bought a new position in shares of Oklo in the 2nd quarter valued at $25,000. Fourth Dimension Wealth LLC lifted its position in shares of Oklo by 125.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company's stock worth $25,000 after buying an additional 250 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new stake in Oklo in the third quarter valued at about $27,000. Elevation Point Wealth Partners LLC acquired a new stake in Oklo in the second quarter valued at about $28,000. Finally, Creative Financial Designs Inc. ADV grew its position in Oklo by 107.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company's stock valued at $33,000 after acquiring an additional 305 shares during the last quarter. 85.03% of the stock is currently owned by institutional investors.

Oklo Stock Down 7.6%

NYSE OKLO opened at $79.50 on Friday. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of -147.22 and a beta of 0.76. Oklo Inc. has a twelve month low of $17.42 and a twelve month high of $193.84. The stock has a fifty day simple moving average of $89.16 and a 200 day simple moving average of $96.47.

Oklo (NYSE:OKLO - Get Free Report) last announced its earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same period in the previous year, the business earned ($0.08) earnings per share. Research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OKLO. Texas Capital raised shares of Oklo to a "strong-buy" rating in a report on Tuesday. Wedbush reissued an "outperform" rating on shares of Oklo in a research note on Friday, January 9th. Canaccord Genuity Group began coverage on shares of Oklo in a research report on Thursday, October 9th. They issued a "buy" rating and a $175.00 target price on the stock. William Blair reiterated an "outperform" rating on shares of Oklo in a report on Wednesday, November 12th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Oklo in a report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $103.20.

Insider Buying and Selling

In other Oklo news, CFO Richard Craig Bealmear sold 5,159 shares of the firm's stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $76.97, for a total transaction of $397,088.23. Following the completion of the transaction, the chief financial officer owned 196,913 shares in the company, valued at approximately $15,156,393.61. This trade represents a 2.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacob Dewitte sold 26,740 shares of the business's stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $111.38, for a total transaction of $2,978,301.20. Following the completion of the transaction, the chief executive officer owned 808,197 shares in the company, valued at $90,016,981.86. This trade represents a 3.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,552,800 shares of company stock valued at $137,543,426 in the last three months. 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.

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