Triton Wealth Management PLLC Invests $559,000 in Oklo Inc. (NYSE:OKLO)

Triton Wealth Management PLLC bought a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 25,411 shares of the company's stock, valued at approximately $559,000.

A number of other hedge funds also recently made changes to their positions in OKLO. Vanguard Group Inc. lifted its position in Oklo by 92.8% during the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after purchasing an additional 2,090,154 shares during the last quarter. Van ECK Associates Corp bought a new position in shares of Oklo in the 4th quarter valued at about $38,661,000. TimesSquare Capital Management LLC purchased a new position in Oklo in the fourth quarter worth about $17,104,000. JAT Capital Mgmt LP bought a new stake in Oklo during the fourth quarter worth approximately $14,798,000. Finally, ARK Investment Management LLC purchased a new stake in Oklo during the fourth quarter valued at approximately $9,645,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Stock Performance

OKLO stock traded down $0.15 during midday trading on Friday, reaching $52.78. The company's stock had a trading volume of 23,432,122 shares, compared to its average volume of 12,777,288. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $59.14. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of -9.76 and a beta of -0.02. The stock has a fifty day simple moving average of $28.77 and a two-hundred day simple moving average of $29.25.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. As a group, analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OKLO. William Blair started coverage on Oklo in a report on Wednesday. They issued an "outperform" rating for the company. CLSA raised shares of Oklo from an "outperform" rating to a "moderate buy" rating and lifted their price objective for the stock from $50.00 to $74.00 in a research note on Tuesday. B. Riley boosted their price objective on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Citigroup reissued a "neutral" rating on shares of Oklo in a research note on Wednesday, May 14th. Finally, HC Wainwright began coverage on shares of Oklo in a research note on Wednesday, April 23rd. They set a "buy" rating and a $55.00 price target for the company. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Oklo currently has an average rating of "Moderate Buy" and a consensus price target of $52.67.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 41,000 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the sale, the chief executive officer now owns 10,852,926 shares in the company, valued at approximately $236,593,786.80. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John M. Jansen acquired 6,000 shares of Oklo stock in a transaction on Thursday, March 27th. The shares were purchased at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the acquisition, the director now directly owns 6,000 shares in the company, valued at $147,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 21.80% of the company's stock.

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.