SG Americas Securities LLC Grows Stock Holdings in Oklo Inc. $OKLO

Key Points

• SG Americas Securities LLC boosted its stake in Oklo by 241.8% in Q4 to 120,752 shares (adding 85,419 shares), a holding valued at about $8.67 million and representing ~0.08% of the company.
• Heavy insider selling has occurred recently: CFO Richard Craig Bealmear sold 72,090 shares (~$4.33M) and CEO Jacob Dewitte sold 231,657 shares (~$22.99M), with insiders selling a total of 1,222,424 shares worth about $100.74 million in the last 90 days; the report shows insiders own 18.9% while institutional investors own 85.03%.
• Stock and analyst context: Oklo has a market cap of $7.93 billion, a negative P/E of -63.44, a 52-week range of $17.42–$193.84, reported an EPS miss last quarter (-$0.27 vs. -$0.17), and carries a consensus rating of “Moderate Buy” with an average price target of $84.30.

SG Americas Securities LLC lifted its stake in Oklo Inc. (NYSE:OKLO - Free Report) by 241.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,752 shares of the company's stock after purchasing an additional 85,419 shares during the quarter. SG Americas Securities LLC owned about 0.08% of Oklo worth $8,665,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in OKLO. Caprock Group LLC bought a new position in shares of Oklo during the third quarter valued at $14,829,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Oklo by 48.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,860 shares of the company's stock worth $18,403,000 after purchasing an additional 54,080 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Oklo by 298.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 23,396 shares of the company's stock worth $2,612,000 after purchasing an additional 17,526 shares in the last quarter. Wealthedge Investment Advisors LLC purchased a new stake in Oklo during the 2nd quarter valued at about $738,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Oklo during the 3rd quarter valued at about $2,177,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Oklo Stock Performance

Shares of NYSE:OKLO opened at $45.68 on Tuesday. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of -63.44 and a beta of 0.81. The business has a 50-day simple moving average of $67.14 and a two-hundred day simple moving average of $94.03. Oklo Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $193.84.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings results on Tuesday, March 17th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.10). During the same quarter in the previous year, the firm earned ($0.74) EPS. As a group, research analysts predict 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 72,090 shares of the business's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $60.00, for a total transaction of $4,325,400.00. Following the completion of the sale, the chief financial officer directly owned 386,008 shares in the company, valued at approximately $23,160,480. The trade was a 15.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jacob Dewitte sold 231,657 shares of the business's stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $99.25, for a total transaction of $22,991,957.25. Following the sale, the chief executive officer owned 827,019 shares of the company's stock, valued at approximately $82,081,635.75. This represents a 21.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,222,424 shares of company stock worth $100,739,512. 18.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OKLO. Wedbush reaffirmed an "outperform" rating on shares of Oklo in a report on Friday, January 9th. Bank of America upgraded shares of Oklo from a "neutral" rating to a "buy" rating and increased their price target for the company from $111.00 to $127.00 in a report on Wednesday, January 21st. HC Wainwright reissued a "buy" rating and set a $90.00 price target on shares of Oklo in a research report on Wednesday, March 18th. Zacks Research upgraded shares of Oklo from a "strong sell" rating to a "hold" rating in a report on Thursday, March 19th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $122.00 price objective on shares of Oklo in a research report on Wednesday, March 18th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $84.30.

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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