Pinnbrook Capital Management LP Makes New $2 Million Investment in Oklo Inc. $OKLO

Key Points

• Pinnbrook Capital Management bought a new stake in Oklo (17,870 shares) during Q3 valued at about $1.995 million, joining other institutional buyers as institutions now own 85.03% of the stock.
• Insiders have been heavy sellers recently — CEO Jacob Dewitte sold 60,001 shares (~$3.76 million) and insiders disposed of 1,947,546 shares worth roughly $164.4 million over the past three months, though insiders still own 18.90%.
• Oklo has a market cap near $9.12 billion and a 52‑week range of $17.42–$193.84; analysts give a consensus "Moderate Buy" with a $98.93 target, and Bank of America recently upgraded the stock to "Buy" with a $127 target.

Pinnbrook Capital Management LP bought a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,870 shares of the company's stock, valued at approximately $1,995,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OKLO. Armstrong Advisory Group Inc. purchased a new stake in Oklo during the 3rd quarter worth $27,000. Elevation Point Wealth Partners LLC acquired a new stake in Oklo in the 2nd quarter valued at $28,000. Gables Capital Management Inc. purchased a new position in Oklo in the third quarter valued at about $28,000. Nemes Rush Group LLC purchased a new position in Oklo in the third quarter valued at about $28,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Oklo during the third quarter worth about $33,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Oklo Stock Performance

NYSE:OKLO opened at $58.36 on Friday. The stock has a market cap of $9.12 billion, a price-to-earnings ratio of -108.07 and a beta of 0.80. Oklo Inc. has a one year low of $17.42 and a one year high of $193.84. The business's 50-day simple moving average is $76.36 and its 200 day simple moving average is $95.19.

Insiders Place Their Bets

In other Oklo news, insider William Carroll Murphy Goodwin sold 2,820 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $56.69, for a total transaction of $159,865.80. Following the transaction, the insider directly owned 15,991 shares in the company, valued at $906,529.79. This represents a 14.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jacob Dewitte sold 60,001 shares of the firm's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $62.60, for a total transaction of $3,756,062.60. Following the transaction, the chief executive officer directly owned 688,196 shares of the company's stock, valued at approximately $43,081,069.60. This represents a 8.02% 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 in the last three months. 18.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OKLO. Bank of America raised Oklo from a "neutral" rating to a "buy" rating and upped their target price for the stock from $111.00 to $127.00 in a research report on Wednesday, January 21st. Citigroup reissued a "neutral" rating on shares of Oklo in a research report on Monday, November 24th. The Goldman Sachs Group restated a "neutral" rating and issued a $106.00 price target on shares of Oklo in a report on Friday, January 9th. Wedbush reaffirmed an "outperform" rating on shares of Oklo in a research report on Friday, January 9th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Oklo in a research note on Thursday, January 22nd. Two research 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. According to MarketBeat, Oklo has a consensus rating of "Moderate Buy" and a consensus price target of $98.93.

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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