Oklo Inc. $OKLO Stake Cut by Secure Asset Management LLC

Key Points

• Secure Asset Management LLC cut its stake in Oklo by 76.9% in Q4, selling 27,003 shares and leaving 8,120 shares valued at about $583,000.
• Insiders have been net sellers recently — including the CFO — with 1,238,766 shares sold (≈$93.6M) in the last three months; insiders own 18.9% and institutional investors own 85.03% of the stock.
• Oklo missed quarterly EPS expectations (reported -$0.27 vs. -$0.17 est.), has a market cap of $8.46B and a 52-week range of $17.42–$193.84, and carries a consensus "Moderate Buy" rating with an average target of $84.30.

Secure Asset Management LLC reduced its holdings in Oklo Inc. (NYSE:OKLO - Free Report) by 76.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,120 shares of the company's stock after selling 27,003 shares during the period. Secure Asset Management LLC's holdings in Oklo were worth $583,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of OKLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Oklo by 71.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company's stock worth $792,822,000 after acquiring an additional 2,968,981 shares in the last quarter. Vanguard Group Inc. lifted its stake in Oklo by 33.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company's stock worth $1,294,179,000 after acquiring an additional 2,901,909 shares in the last quarter. State Street Corp lifted its stake in Oklo by 454.5% in the 2nd quarter. State Street Corp now owns 2,138,658 shares of the company's stock worth $119,743,000 after acquiring an additional 1,752,946 shares in the last quarter. Van ECK Associates Corp lifted its stake in Oklo by 61.0% in the 3rd quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company's stock worth $387,914,000 after acquiring an additional 1,316,867 shares in the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in Oklo in the 2nd quarter worth about $40,919,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Price Performance

OKLO opened at $48.75 on Tuesday. Oklo Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $193.84. The business has a 50-day moving average of $63.16 and a 200-day moving average of $92.40. The company has a market capitalization of $8.46 billion, a PE ratio of -67.71 and a beta of 0.93.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 17th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.10). During the same period in the prior year, the firm earned ($0.74) earnings per share. On average, equities research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Transactions at Oklo

In other news, CFO Richard Craig Bealmear sold 16,342 shares of the firm's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $51.08, for a total transaction of $834,749.36. Following the completion of the sale, the chief financial officer directly owned 386,008 shares of the company's stock, valued at $19,717,288.64. This trade represents a 4.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Carroll Murphy Goodwin sold 2,820 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $56.69, for a total value of $159,865.80. Following the completion of the transaction, the insider directly owned 15,991 shares in the company, valued at $906,529.79. The trade was a 14.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,238,766 shares of company stock valued at $93,585,861 in the last three months. Corporate insiders own 18.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OKLO shares. Zacks Research raised Oklo from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 19th. Wedbush reissued an "outperform" rating on shares of Oklo in a research note on Friday, January 9th. Weiss Ratings reissued a "sell (d)" rating on shares of Oklo in a research note on Thursday, January 22nd. The Goldman Sachs Group cut their price target on Oklo from $91.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, March 18th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $90.00 price target on shares of Oklo in a research note on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $84.30.

Oklo 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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