Triton Wealth Management PLLC Buys Shares of 16,389 Oklo Inc. $OKLO

Key Points

• Triton Wealth Management has acquired 16,389 shares of Oklo Inc. for approximately $918,000, indicating growing interest from institutional investors.
• Insider selling has occurred with key individuals like William Carroll Murphy Goodwin selling over 41,000 shares, highlighting potential concerns about management confidence in the stock.
• Wall Street analysts have mixed ratings for Oklo, with one maintaining a "neutral" rating while others set price targets ranging from $98.14 to $175.00.

Triton Wealth Management PLLC bought a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,389 shares of the company's stock, valued at approximately $918,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MRA Advisory Group raised its stake in shares of Oklo by 2.8% during the second quarter. MRA Advisory Group now owns 9,770 shares of the company's stock valued at $547,000 after acquiring an additional 266 shares during the last quarter. Caldwell Sutter Capital Inc. bought a new position in shares of Oklo during the second quarter valued at $25,000. Signaturefd LLC raised its stake in shares of Oklo by 5.4% during the first quarter. Signaturefd LLC now owns 8,962 shares of the company's stock valued at $194,000 after acquiring an additional 462 shares during the last quarter. Spire Wealth Management raised its stake in shares of Oklo by 14.1% during the first quarter. Spire Wealth Management now owns 3,896 shares of the company's stock valued at $84,000 after acquiring an additional 481 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Oklo by 23.2% during the second quarter. IFP Advisors Inc now owns 2,813 shares of the company's stock valued at $158,000 after acquiring an additional 529 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OKLO shares. The Goldman Sachs Group started coverage on shares of Oklo in a research note on Thursday, September 25th. They set a "neutral" rating and a $117.00 price target for the company. BNP Paribas raised shares of Oklo to a "strong sell" rating in a research note on Friday, July 25th. Seaport Res Ptn downgraded shares of Oklo from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. Canaccord Genuity Group started coverage on shares of Oklo in a research note on Thursday, October 9th. They set a "buy" rating and a $175.00 price target for the company. Finally, Wedbush raised their price target on shares of Oklo from $80.00 to $150.00 and gave the company an "outperform" rating in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Oklo presently has an average rating of "Hold" and an average target price of $98.14.

Insider Activity at Oklo

In other Oklo news, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm's stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the transaction, the director owned 150,000 shares of the company's stock, valued at $20,064,000. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 491,387 shares of company stock valued at $52,698,580. Company insiders own 18.90% of the company's stock.

Oklo Stock Up 1.2%

Shares of NYSE OKLO opened at $173.14 on Wednesday. The company has a market capitalization of $25.56 billion, a PE ratio of -412.22 and a beta of 0.69. The firm has a fifty day simple moving average of $97.31 and a 200 day simple moving average of $63.46. Oklo Inc. has a twelve month low of $9.54 and a twelve month high of $183.20.

Oklo (NYSE:OKLO - Get Free Report) last posted 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). As a group, equities analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Oklo Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.