Mirae Asset Global Investments Co. Ltd. Raises Holdings in Oklo Inc. $OKLO

Key Points

• Mirae Asset Global Investments significantly increased its holdings in Oklo Inc. by 500.8% in the second quarter, owning 110,780 shares valued at approximately $6.2 million.
• Several analysts have varied price targets for Oklo, with Barclays setting a target at $146.00 and HC Wainwright raising theirs from $55.00 to $90.00, indicating strong interest in the stock.
• Oklo reported a quarterly EPS of ($0.18) and insiders recently sold large amounts of stock, which included significant sales by CFO Richard Bealmear and others.

Mirae Asset Global Investments Co. Ltd. raised its holdings in Oklo Inc. (NYSE:OKLO - Free Report) by 500.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,780 shares of the company's stock after purchasing an additional 92,340 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Oklo worth $6,203,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of OKLO. Caldwell Sutter Capital Inc. acquired a new stake in shares of Oklo during the 2nd quarter worth about $25,000. KBC Group NV purchased a new position in shares of Oklo during the 1st quarter worth approximately $36,000. Deutsche Bank AG grew its stake in shares of Oklo by 161.7% in the first quarter. Deutsche Bank AG now owns 1,748 shares of the company's stock valued at $38,000 after buying an additional 1,080 shares in the last quarter. Harbour Investments Inc. grew its position in Oklo by 120.9% in the 1st quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock valued at $39,000 after acquiring an additional 985 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in shares of Oklo by 281.0% in the second quarter. ORG Partners LLC now owns 800 shares of the company's stock valued at $41,000 after purchasing an additional 590 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OKLO. Barclays set a $146.00 price target on Oklo in a report on Monday, September 29th. UBS Group started coverage on shares of Oklo in a report on Wednesday, August 20th. They issued a "neutral" rating and a $65.00 price objective on the stock. HC Wainwright boosted their target price 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. Wedbush increased their target price on Oklo from $80.00 to $150.00 and gave the company an "outperform" rating in a report on Monday, September 22nd. Finally, Citigroup lifted their price target on Oklo from $30.00 to $68.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Oklo has a consensus rating of "Hold" and an average price target of $83.77.

Oklo Stock Performance

Oklo stock opened at $127.41 on Monday. The company has a market capitalization of $18.81 billion, a P/E ratio of -303.35 and a beta of 0.69. Oklo Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $144.49. The stock has a 50-day simple moving average of $87.18 and a 200-day simple moving average of $57.77.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). As a group, analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Buying and Selling

In other Oklo news, CFO Richard Craig Bealmear sold 92,378 shares of Oklo stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $93.73, for a total value of $8,658,589.94. Following the transaction, the chief financial officer directly owned 75,738 shares in the company, valued at approximately $7,098,922.74. This trade represents a 54.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $70.09, for a total value of $2,900,814.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 491,387 shares of company stock worth $52,698,580. Corporate insiders own 18.90% of the company's stock.

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.

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