Wealth Enhancement Advisory Services LLC Buys 14,831 Shares of Oklo Inc. $OKLO

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Oklo Inc. by 126.4%, acquiring an additional 14,831 shares, bringing their total to 26,569 shares valued at approximately $1.43 million.
• Insider trading revealed significant sales, with CFO Richard Craig Bealmear selling 92,378 shares for nearly $8.66 million, decreasing his ownership by 54.95%.
• Oklo's stock is currently trading at $111.58, experiencing a 4.2% decline, and has had a 12-month range between $7.90 and $144.49.

Wealth Enhancement Advisory Services LLC boosted its position in Oklo Inc. (NYSE:OKLO - Free Report) by 126.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,569 shares of the company's stock after acquiring an additional 14,831 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Oklo were worth $1,427,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. KBC Group NV acquired a new position in Oklo during the first quarter valued at approximately $36,000. Deutsche Bank AG raised its position in Oklo by 161.7% during the first quarter. Deutsche Bank AG now owns 1,748 shares of the company's stock valued at $38,000 after purchasing an additional 1,080 shares in the last quarter. Harbour Investments Inc. raised its position in Oklo by 120.9% during the first quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock valued at $39,000 after purchasing an additional 985 shares in the last quarter. Graybill Wealth Management LTD. acquired a new position in Oklo during the first quarter valued at approximately $43,000. Finally, Vestor Capital LLC acquired a new position in Oklo during the first quarter valued at approximately $43,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oklo

In other news, insider William Carroll Murphy Goodwin sold 41,387 shares of Oklo 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard Craig Bealmear sold 92,378 shares of Oklo 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 directly owned 75,738 shares of the company's stock, valued at approximately $7,098,922.74. This trade represents a 54.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 191,387 shares of company stock valued at $19,020,580. Corporate insiders own 18.90% of the company's stock.

Oklo Stock Down 4.2%

OKLO stock opened at $111.58 on Wednesday. The company's fifty day simple moving average is $84.08 and its 200 day simple moving average is $55.55. Oklo Inc. has a 12-month low of $7.90 and a 12-month high of $144.49. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of -265.66 and a beta of 0.59.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OKLO has been the subject of several research analyst reports. BNP Paribas upgraded shares of Oklo to a "strong sell" rating in a research report on Friday, July 25th. Citigroup boosted their price objective on shares of Oklo from $30.00 to $68.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Craig Hallum cut shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 target price on the stock. in a research note on Monday, June 23rd. Seaport Res Ptn cut shares of Oklo from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. Finally, Cantor Fitzgerald set a $73.00 target price on shares of Oklo and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Oklo currently has an average rating of "Hold" and a consensus target price of $83.77.

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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