WJ Wealth Management LLC grew its holdings in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 19.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,450 shares of the company's stock after acquiring an additional 3,450 shares during the period. WJ Wealth Management LLC's holdings in Oklo were worth $1,201,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Caldwell Sutter Capital Inc. acquired a new position in Oklo in the second quarter worth about $25,000. ORG Partners LLC grew its stake in Oklo by 281.0% in the second quarter. ORG Partners LLC now owns 800 shares of the company's stock worth $41,000 after purchasing an additional 590 shares in the last quarter. Ameriflex Group Inc. acquired a new position in Oklo in the second quarter worth about $57,000. Copia Wealth Management grew its stake in Oklo by 127.7% in the second quarter. Copia Wealth Management now owns 1,077 shares of the company's stock worth $60,000 after purchasing an additional 604 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in Oklo by 205.4% in the second quarter. SJS Investment Consulting Inc. now owns 1,350 shares of the company's stock worth $76,000 after purchasing an additional 908 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms recently commented on OKLO. Weiss Ratings reiterated a "sell (d)" rating on shares of Oklo in a research note on Wednesday, October 8th. Bank of America reiterated a "neutral" rating and issued a $117.00 price target (up from $92.00) on shares of Oklo in a research note on Tuesday, September 30th. Daiwa Capital Markets upgraded Oklo from a "neutral" rating to an "outperform" rating in a research note on Sunday, July 27th. UBS Group set a $175.00 price target on Oklo in a research note on Thursday, October 9th. Finally, Wedbush lifted their price target on Oklo from $80.00 to $150.00 and gave the stock an "outperform" rating in a research note on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $98.14.
Check Out Our Latest Analysis on Oklo
Oklo Stock Down 1.3%
Shares of NYSE OKLO opened at $171.86 on Thursday. The firm's 50-day moving average price is $99.08 and its two-hundred day moving average price is $64.21. Oklo Inc. has a 52-week low of $12.30 and a 52-week high of $193.84. The stock has a market capitalization of $25.37 billion, a P/E ratio of -409.18 and a beta of 0.69.
Oklo (NYSE:OKLO - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). As a group, equities research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.
Insider Buying and Selling at Oklo
In other news, CFO Richard Craig Bealmear sold 92,378 shares of Oklo stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $93.73, for a total transaction of $8,658,589.94. Following the sale, the chief financial officer owned 75,738 shares of the company's stock, valued at approximately $7,098,922.74. The trade was a 54.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of Oklo stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $70.09, for a total value of $2,900,814.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 491,387 shares of company stock worth $52,698,580. Insiders own 18.90% of the company's stock.
Oklo Company Profile
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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.
Further Reading
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