SBI Securities Co. Ltd. increased its position in Oklo Inc. (NYSE:OKLO - Free Report) by 39.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,432 shares of the company's stock after buying an additional 13,108 shares during the period. SBI Securities Co. Ltd.'s holdings in Oklo were worth $1,004,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new stake in shares of Oklo in the 4th quarter valued at about $27,000. CoreCap Advisors LLC acquired a new stake in shares of Oklo in the 4th quarter valued at about $32,000. Sandy Spring Bank bought a new stake in Oklo during the 4th quarter valued at $32,000. Covestor Ltd bought a new stake in Oklo during the 4th quarter valued at $34,000. Finally, KBC Group NV bought a new stake in Oklo during the 1st quarter valued at $36,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $54.85, for a total transaction of $2,742,500.00. Following the completion of the transaction, the director directly owned 200,000 shares of the company's stock, valued at $10,970,000. This represents a 20.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the transaction, the chief executive officer directly owned 10,105,098 shares of the company's stock, valued at $557,801,409.60. This represents a 2.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 600,000 shares of company stock worth $35,066,500 over the last quarter. Company insiders own 18.90% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. CLSA upgraded shares of Oklo from an "outperform" rating to a "moderate buy" rating and boosted their price target for the company from $50.00 to $74.00 in a research note on Tuesday, May 27th. William Blair began coverage on shares of Oklo in a research report on Wednesday, May 28th. They issued an "outperform" rating on the stock. HC Wainwright began coverage on shares of Oklo in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $55.00 price target on the stock. Wedbush set a $75.00 price target on shares of Oklo and gave the company an "outperform" rating in a research report on Thursday, June 12th. Finally, Craig Hallum cut shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 price target on the stock. in a research report on Monday, June 23rd. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $60.25.
Check Out Our Latest Stock Report on OKLO
Oklo Stock Down 2.0%
OKLO stock opened at $61.14 on Wednesday. The firm has a market cap of $8.53 billion, a PE ratio of -11.30 and a beta of 0.57. The business has a 50 day moving average of $50.63 and a 200-day moving average of $37.35. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $73.55.
Oklo (NYSE:OKLO - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. On average, research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.
About Oklo
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding OKLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oklo Inc. (NYSE:OKLO - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Oklo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oklo wasn't on the list.
While Oklo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
