State of Michigan Retirement System Purchases New Stake in Oklo Inc. $OKLO

Key Points

• State of Michigan Retirement System bought a new stake of 27,500 shares (~$1.97M) in Oklo, joining large institutional buyers (Vanguard, Mirae, State Street, VanEck) that together mean ~85% of the stock is institutionally owned.
• Insiders have been net sellers recently — the CEO sold 140,000 shares and the CFO sold 72,090 shares, with insiders offloading 818,766 shares (~$50.86M) in the last 90 days while still owning 18.9% of the company.
• Oklo missed quarterly EPS (-$0.27 vs. -$0.17 est.), shares were down ~2.7%, and analysts are mixed but the consensus is a “Moderate Buy” with an average price target of $87.68.

State of Michigan Retirement System purchased a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 27,500 shares of the company's stock, valued at approximately $1,973,000.

Several other institutional investors also recently bought and sold shares of OKLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Oklo by 71.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company's stock valued at $792,822,000 after acquiring an additional 2,968,981 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Oklo by 33.4% in the third quarter. Vanguard Group Inc. now owns 11,593,468 shares of the company's stock worth $1,294,179,000 after buying an additional 2,901,909 shares during the period. State Street Corp grew its stake in shares of Oklo by 454.5% in the second quarter. State Street Corp now owns 2,138,658 shares of the company's stock valued at $119,743,000 after buying an additional 1,752,946 shares in the last quarter. Van ECK Associates Corp lifted its position in Oklo by 61.0% during 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, Millennium Management LLC boosted its holdings in Oklo by 4,974.1% in the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company's stock worth $12,589,000 after acquiring an additional 570,532 shares during the period. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 140,000 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $75.18, for a total value of $10,525,200.00. Following the sale, the chief executive officer owned 739,023 shares in the company, valued at approximately $55,559,749.14. This trade represents a 15.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Craig Bealmear sold 72,090 shares of Oklo stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $60.00, for a total value of $4,325,400.00. Following the sale, the chief financial officer directly owned 386,008 shares in the company, valued at approximately $23,160,480. This trade represents a 15.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 818,766 shares of company stock valued at $50,855,915 in the last 90 days. Insiders own 18.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on OKLO shares. Wedbush restated an "outperform" rating on shares of Oklo in a research note on Friday, January 9th. The Goldman Sachs Group cut their target price on Oklo from $91.00 to $65.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 18th. HSBC initiated coverage on shares of Oklo in a research note on Thursday, April 23rd. They issued a "buy" rating and a $96.00 price target for the company. Citigroup decreased their price objective on shares of Oklo from $95.00 to $73.50 and set a "neutral" rating for the company in a report on Wednesday, March 18th. Finally, Weiss Ratings lowered shares of Oklo from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $87.68.

Key Headlines Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: Blockonomi reports OKLO shares jumped ~12% on intraday buying despite the company missing EPS and insiders selling; the piece highlights investor appetite for Oklo’s narrative and momentum that can drive short‑term rallies. Read More.
• Positive Sentiment: Seeking Alpha notes Oklo leads large‑cap utilities in year‑over‑year CapEx growth — a sign investors may be rewarding visible investment in growth (SMR buildout) and future revenue potential. Higher CapEx can underpin long‑term upside if projects advance on schedule. Read More.
• Positive Sentiment: The Motley Fool publishes a bullish thesis arguing Oklo is deeply undervalued and that its small modular reactor (SMR) technology could deliver outsized returns (the piece frames multi‑hundred to multi‑thousand percent upside scenarios). This type of analyst/promotional coverage can attract speculative buying. Read More.
• Neutral Sentiment: Yahoo Finance analyzes valuation after a ~43% one‑month gain, pointing out strong 1‑year returns but weaker YTD/3‑month performance; the piece is more contextual than a clear buy/sell signal and highlights valuation and momentum tradeoffs. Read More.
• Neutral Sentiment: The Motley Fool follow‑up asks whether OKLO is a buy now, noting the stock lags the market in 2026 and may present a buying window for long‑term bulls — useful perspective but dependent on risk tolerance and timeline. Read More.
• Negative Sentiment: Underlying negatives remain: the company missed quarterly EPS expectations (reported a larger loss than consensus) and there has been notable insider selling reported in recent filings — factors that increase near‑term downside risk and may weigh on investor confidence. (This was covered in the Blockonomi piece above and reflected in recent trading.)

Oklo Stock Down 2.7%

Shares of NYSE:OKLO opened at $70.51 on Friday. The company has a market cap of $12.26 billion, a PE ratio of -97.93 and a beta of 1.16. Oklo Inc. has a fifty-two week low of $24.53 and a fifty-two week high of $193.84. The firm has a 50-day simple moving average of $59.72 and a 200 day simple moving average of $84.61.

Oklo (NYSE:OKLO - Get Free Report) last posted its earnings results on Tuesday, March 17th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.10). During the same quarter in the prior year, the company earned ($0.74) earnings per share. As a group, research analysts forecast that Oklo Inc. will post -0.75 EPS for the current fiscal year.

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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