Vermillion Wealth Management Inc. lessened its holdings in Oklo Inc. (NYSE:OKLO - Free Report) by 86.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 500 shares of the company's stock after selling 3,118 shares during the period. Vermillion Wealth Management Inc.'s holdings in Oklo were worth $28,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC lifted its position in shares of Oklo by 281.0% in the second quarter. ORG Partners LLC now owns 800 shares of the company's stock valued at $41,000 after acquiring an additional 590 shares in the last quarter. Plancorp LLC purchased a new position in Oklo in the 2nd quarter worth approximately $337,000. Wealth Effects LLC bought a new position in Oklo in the 2nd quarter worth approximately $376,000. Foster Victor Wealth Advisors LLC purchased a new stake in Oklo during the 2nd quarter valued at approximately $477,000. Finally, StoneCrest Wealth Management Inc. raised its position in shares of Oklo by 5.0% during the second quarter. StoneCrest Wealth Management Inc. now owns 16,847 shares of the company's stock valued at $943,000 after buying an additional 795 shares during the last quarter. 85.03% of the stock is owned by institutional investors.
Oklo Trading Down 7.4%
Shares of NYSE:OKLO opened at $110.33 on Monday. The company has a market cap of $16.29 billion, a price-to-earnings ratio of -262.67 and a beta of 0.59. Oklo Inc. has a 12 month low of $7.90 and a 12 month high of $144.49. The company has a 50-day moving average price of $82.00 and a 200 day moving average price of $54.54.
Oklo (NYSE:OKLO - Get Free Report) last issued its quarterly earnings data 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 analysts forecast that Oklo Inc. will post -8.2 EPS for the current year.
Insider Buying and Selling
In other news, Director Michael Stuart Klein sold 50,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $133.76, for a total value of $6,688,000.00. Following the completion of the sale, the director owned 150,000 shares in the company, valued at approximately $20,064,000. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The disclosure for this sale can be found here. Insiders sold a total of 191,387 shares of company stock worth $19,020,580 over the last three months. 18.90% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of brokerages recently weighed in on OKLO. Wedbush upped their target price on shares of Oklo from $80.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, September 22nd. Daiwa America raised Oklo from a "hold" rating to a "strong-buy" rating in a report on Sunday, July 27th. Craig Hallum lowered Oklo from a "buy" rating to a "hold" rating and set a $59.00 price target for the company. in a research note on Monday, June 23rd. Seaport Res Ptn cut Oklo from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 23rd. Finally, BNP Paribas raised Oklo to a "strong sell" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $76.50.
Get Our Latest Stock Report on OKLO
Oklo Profile
(
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.
Featured Articles
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.
Before you consider Oklo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oklo wasn't on the list.
While Oklo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
