Prudential PLC Buys New Shares in Oklo Inc. $OKLO

Prudential PLC acquired a new position in shares of Oklo Inc. (NYSE:OKLO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 14,642 shares of the company’s stock, valued at approximately $1,051,000.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Oklo by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 11,637,504 shares of the company’s stock worth $835,107,000 after buying an additional 44,036 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Oklo by 71.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,102,234 shares of the company’s stock worth $792,822,000 after buying an additional 2,968,981 shares during the period. Van ECK Associates Corp grew its stake in Oklo by 61.0% during the third quarter. Van ECK Associates Corp now owns 3,474,993 shares of the company’s stock worth $387,914,000 after buying an additional 1,316,867 shares during the period. Geode Capital Management LLC grew its stake in Oklo by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 2,816,007 shares of the company’s stock worth $201,671,000 after buying an additional 185,265 shares during the period. Finally, State Street Corp grew its stake in Oklo by 454.5% during the second quarter. State Street Corp now owns 2,138,658 shares of the company’s stock worth $119,743,000 after buying an additional 1,752,946 shares during the period. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OKLO. HSBC began coverage on shares of Oklo in a research note on Thursday, April 23rd. They set a “buy” rating and a $96.00 price objective for the company. Citigroup boosted their price objective on shares of Oklo from $73.50 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings upgraded shares of Oklo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Zacks Research upgraded shares of Oklo from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Barclays decreased their price objective on shares of Oklo from $146.00 to $82.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.06.

Oklo Trading Up 0.2%

Shares of OKLO stock opened at $58.23 on Monday. The company has a market capitalization of $10.13 billion, a PE ratio of -69.31 and a beta of 1.10. The firm has a fifty day simple moving average of $62.90 and a 200-day simple moving average of $73.24. Oklo Inc. has a twelve month low of $44.88 and a twelve month high of $193.84.

Oklo (NYSE:OKLO) last announced its earnings results on Tuesday, May 12th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.01. During the same quarter in the previous year, the company earned ($0.07) earnings per share. Equities research analysts predict that Oklo Inc. will post -0.78 EPS for the current year.

Insider Buying and Selling at Oklo

In other news, CFO Richard Craig Bealmear sold 73,081 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.42, for a total value of $5,000,202.02. Following the completion of the transaction, the chief financial officer directly owned 397,642 shares in the company, valued at approximately $27,206,665.64. This represents a 15.53% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jacob Dewitte sold 140,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.29, for a total transaction of $9,560,600.00. Following the completion of the transaction, the chief executive officer owned 538,039 shares of the company’s stock, valued at $36,742,683.31. This trade represents a 20.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 889,849 shares of company stock valued at $55,614,037 over the last 90 days. Insiders own 18.90% of the company’s stock.

Oklo Company 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.