Oklo Inc. $OKLO Shares Sold by Aristotle Atlantic Partners LLC

Key Points

• Aristotle Atlantic Partners LLC trimmed its Oklo position by 50.0%, selling 17,568 shares during Q3 and leaving a holding valued at about $1.96 million per its latest 13F filing.
• Heavy insider selling: CFO Richard Bealmear sold 69,841 shares (~$5.48M) and CEO Jacob Dewitte sold 840,000 shares (~$69.15M), with insiders disposing of ~1.95M shares worth $164.37M over the past 90 days and now owning 18.9% of the stock.
• Analyst sentiment is generally positive — the stock carries a consensus rating of "Moderate Buy" with an average target price of $98.93, and recent upgrades from Bank of America and Texas Capital.

Aristotle Atlantic Partners LLC trimmed its position in Oklo Inc. (NYSE:OKLO - Free Report) by 50.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,568 shares of the company's stock after selling 17,568 shares during the period. Aristotle Atlantic Partners LLC's holdings in Oklo were worth $1,961,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OKLO. Plancorp LLC raised its position in Oklo by 1.2% during the 3rd quarter. Plancorp LLC now owns 6,089 shares of the company's stock worth $680,000 after buying an additional 73 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Oklo by 3.7% in the third quarter. Parkside Financial Bank & Trust now owns 2,622 shares of the company's stock valued at $293,000 after acquiring an additional 94 shares in the last quarter. Prestige Wealth Management Group LLC boosted its holdings in shares of Oklo by 1.5% in the third quarter. Prestige Wealth Management Group LLC now owns 7,066 shares of the company's stock valued at $789,000 after acquiring an additional 101 shares in the last quarter. Rossby Financial LCC increased its stake in shares of Oklo by 75.0% during the third quarter. Rossby Financial LCC now owns 350 shares of the company's stock worth $41,000 after acquiring an additional 150 shares during the period. Finally, Perennial Investment Advisors LLC increased its stake in shares of Oklo by 3.4% during the third quarter. Perennial Investment Advisors LLC now owns 4,676 shares of the company's stock worth $522,000 after acquiring an additional 154 shares during the period. 85.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OKLO. Texas Capital upgraded shares of Oklo to a "strong-buy" rating in a research report on Tuesday, January 27th. Bank of America upgraded Oklo from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $111.00 to $127.00 in a research report on Wednesday, January 21st. Needham & Company LLC reissued a "buy" rating on shares of Oklo in a research note on Friday, January 9th. UBS Group reissued a "neutral" rating on shares of Oklo in a report on Monday, January 12th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Oklo in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $98.93.

Insider Activity

In other Oklo news, CFO Richard Craig Bealmear sold 69,841 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $78.40, for a total value of $5,475,534.40. Following the completion of the transaction, the chief financial officer directly owned 202,072 shares of the company's stock, valued at approximately $15,842,444.80. This trade represents a 25.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 840,000 shares of Oklo stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $82.32, for a total transaction of $69,148,800.00. Following the sale, the chief executive officer owned 1,580,000 shares of the company's stock, valued at approximately $130,065,600. The trade was a 34.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,947,546 shares of company stock worth $164,368,254 over the last 90 days. 18.90% of the stock is currently owned by company insiders.

Oklo Stock Down 2.1%

Shares of OKLO opened at $58.36 on Friday. Oklo Inc. has a 52-week low of $17.42 and a 52-week high of $193.84. The company has a 50-day simple moving average of $76.36 and a 200-day simple moving average of $95.34. The company has a market capitalization of $9.12 billion, a PE ratio of -108.07 and a beta of 0.80.

Oklo Company 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.

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