Stratos Wealth Partners LTD. Grows Position in Oklo Inc. $OKLO

Key Points

• Stratos Wealth Partners LTD. increased its stake in Oklo Inc. by 11.3% during the 2nd quarter, bringing its total holdings to 25,820 shares valued at approximately $1.446 million.
• Oklo's stock price has seen significant movement, with a 12-month high of $193.84 and a 12-month low of $17.14, opening at $159.03 recently.
• Despite reporting a quarterly EPS of ($0.18), which missed analysts' estimates, multiple brokerages have raised price targets for Oklo, with some setting targets as high as $175.00.

Stratos Wealth Partners LTD. grew its stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 11.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,820 shares of the company's stock after buying an additional 2,625 shares during the period. Stratos Wealth Partners LTD.'s holdings in Oklo were worth $1,446,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. MRA Advisory Group increased its position in Oklo by 2.8% during the second quarter. MRA Advisory Group now owns 9,770 shares of the company's stock worth $547,000 after buying an additional 266 shares in the last quarter. Private Trust Co. NA purchased a new stake in shares of Oklo in the second quarter valued at $25,000. Caldwell Sutter Capital Inc. purchased a new stake in shares of Oklo in the second quarter valued at $25,000. Signaturefd LLC grew its position in shares of Oklo by 5.4% in the first quarter. Signaturefd LLC now owns 8,962 shares of the company's stock valued at $194,000 after purchasing an additional 462 shares during the period. Finally, Spire Wealth Management grew its position in shares of Oklo by 14.1% in the first quarter. Spire Wealth Management now owns 3,896 shares of the company's stock valued at $84,000 after purchasing an additional 481 shares during the period. Hedge funds and other institutional investors own 85.03% of the company's stock.

Oklo Price Performance

Shares of OKLO opened at $159.03 on Tuesday. The stock's 50-day moving average is $104.24 and its two-hundred day moving average is $67.73. The stock has a market cap of $23.47 billion, a PE ratio of -378.64 and a beta of 0.69. Oklo Inc. has a 12 month low of $17.14 and a 12 month high of $193.84.

Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings data 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 anticipate that Oklo Inc. will post -8.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider William Carroll Murphy Goodwin sold 41,387 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $70.09, for a total value of $2,900,814.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Richard Craig Bealmear sold 92,378 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $93.73, for a total value of $8,658,589.94. Following the completion of the transaction, the chief financial officer owned 75,738 shares in the company, valued at approximately $7,098,922.74. This trade represents a 54.95% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 491,387 shares of company stock worth $52,698,580. 18.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on OKLO. Wedbush lifted their price objective on Oklo from $80.00 to $150.00 and gave the company an "outperform" rating in a research report on Monday, September 22nd. Daiwa Capital Markets raised Oklo from a "neutral" rating to an "outperform" rating in a research report on Sunday, July 27th. UBS Group set a $175.00 price objective on Oklo in a research report on Thursday, October 9th. Canaccord Genuity Group began coverage on Oklo in a research report on Thursday, October 9th. They issued a "buy" rating and a $175.00 price objective for the company. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Oklo in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $98.14.

Oklo Profile

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.

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