Redhawk Wealth Advisors Inc. Cuts Stock Holdings in Oklo Inc. $OKLO

Key Points

• Redhawk Wealth Advisors Inc. reduced its holdings in Oklo Inc. by 51.3%, ending up with shares worth $272,000 after selling over 5,000 shares in the second quarter.
• Several institutional investors significantly increased their stakes in Oklo, with Wealth Enhancement Advisory Services LLC growing its position by 126.4% during the same quarter.
• Analysts have mixed ratings on Oklo, with target prices ranging from $59.00 to $92.00, while the stock has shown considerable volatility, reaching a 12-month high of $136.53.

Redhawk Wealth Advisors Inc. trimmed its position in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 51.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,856 shares of the company's stock after selling 5,119 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Oklo were worth $272,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of OKLO. Millennium Management LLC increased its stake in Oklo by 4,974.1% during the 1st quarter. Millennium Management LLC now owns 582,002 shares of the company's stock valued at $12,589,000 after purchasing an additional 570,532 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of Oklo during the first quarter worth about $11,674,000. Jump Financial LLC bought a new stake in shares of Oklo during the first quarter worth about $6,929,000. Raymond James Financial Inc. raised its holdings in shares of Oklo by 202.6% in the 1st quarter. Raymond James Financial Inc. now owns 314,794 shares of the company's stock worth $6,809,000 after acquiring an additional 210,755 shares during the last quarter. Finally, Headlands Technologies LLC lifted its position in Oklo by 2,120.2% in the 1st quarter. Headlands Technologies LLC now owns 218,820 shares of the company's stock valued at $4,733,000 after acquiring an additional 208,964 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock.

Insider Activity at Oklo

In other news, insider William Carroll Murphy Goodwin sold 41,387 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $70.09, for a total value of $2,900,814.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 300,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $55.20, for a total value of $16,560,000.00. Following the completion of the sale, the chief executive officer owned 10,105,098 shares in the company, valued at $557,801,409.60. The trade was a 2.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 441,387 shares of company stock valued at $28,892,580 in the last three months. Company insiders own 18.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on OKLO shares. HC Wainwright boosted their price objective on Oklo from $55.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Craig Hallum downgraded shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 price objective for the company. in a report on Monday, June 23rd. BNP Paribas raised Oklo to a "strong sell" rating in a report on Friday, July 25th. BTIG Research reissued a "neutral" rating on shares of Oklo in a report on Tuesday, August 12th. Finally, Cantor Fitzgerald set a $73.00 target price on Oklo and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $72.82.

Oklo Trading Up 3.0%

NYSE OKLO traded up $4.04 on Monday, hitting $139.27. The company's stock had a trading volume of 33,290,270 shares, compared to its average volume of 18,058,236. The firm has a market cap of $20.56 billion, a P/E ratio of -332.03 and a beta of 0.59. Oklo Inc. has a 52-week low of $7.90 and a 52-week high of $142.85. The company's 50-day simple moving average is $75.63 and its 200 day simple moving average is $50.92.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). On average, research analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

About Oklo

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.