Neo Ivy Capital Management Makes New Investment in Oklo Inc. $OKLO

Neo Ivy Capital Management acquired a new stake in shares of Oklo Inc. (NYSE:OKLO) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 19,696 shares of the company’s stock, valued at approximately $2,199,000.

Several other institutional investors and hedge funds have also recently modified their holdings of OKLO. Neuberger Berman Group LLC boosted its position in shares of Oklo by 20.2% during the third quarter. Neuberger Berman Group LLC now owns 31,152 shares of the company’s stock worth $3,477,000 after acquiring an additional 5,245 shares during the last quarter. Sunpointe LLC increased its holdings in Oklo by 4.4% in the 3rd quarter. Sunpointe LLC now owns 4,700 shares of the company’s stock valued at $525,000 after acquiring an additional 200 shares during the last quarter. Perennial Investment Advisors LLC boosted its holdings in shares of Oklo by 3.4% during the 3rd quarter. Perennial Investment Advisors LLC now owns 4,676 shares of the company’s stock valued at $522,000 after purchasing an additional 154 shares during the last quarter. Orion Porfolio Solutions LLC purchased a new position in shares of Oklo during the third quarter valued at about $1,931,000. Finally, IFG Advisory LLC increased its holdings in shares of Oklo by 9.6% in the third quarter. IFG Advisory LLC now owns 4,071 shares of the company’s stock worth $454,000 after purchasing an additional 356 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

Insider Buying and Selling at Oklo

In other Oklo news, CFO Richard Craig Bealmear sold 9,726 shares of Oklo stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $76.93, for a total transaction of $748,221.18. Following the completion of the transaction, the chief financial officer directly owned 196,913 shares of the company’s stock, valued at $15,148,517.09. The trade was a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 60,001 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $62.60, for a total transaction of $3,756,062.60. Following the transaction, the chief executive officer owned 688,196 shares in the company, valued at $43,081,069.60. This trade represents a 8.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,944,726 shares of company stock worth $164,208,389 in the last 90 days. 18.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Oklo in a research report on Thursday, January 22nd. Texas Capital raised Oklo to a “strong-buy” rating in a research note on Tuesday, January 27th. William Blair reaffirmed an “outperform” rating on shares of Oklo in a report on Wednesday, November 12th. Citigroup reissued a “neutral” rating on shares of Oklo in a report on Monday, November 24th. Finally, UBS Group restated a “neutral” rating on shares of Oklo in a research report on Monday, January 12th. Two investment 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. Based on data from MarketBeat, Oklo presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.93.

Oklo Price Performance

NYSE:OKLO opened at $58.35 on Friday. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of -108.06 and a beta of 0.80. The business has a 50 day simple moving average of $77.62 and a 200-day simple moving average of $95.45. Oklo Inc. has a 1 year low of $17.42 and a 1 year high of $193.84.

Oklo 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.