5,285 Shares in Oklo Inc. $OKLO Acquired by Wealth Management Partners LLC

Key Points

• Wealth Management Partners LLC has invested approximately $296,000 in Oklo Inc., acquiring 5,285 shares of the company's stock during the second quarter.
• Oklo Inc. has been experiencing significant interest from large investors, with notable increases in holdings from firms like Millennium Management and Raymond James Financial.
• The company reported an earnings miss for the latest quarter, with an earnings per share of ($0.18), falling short of the consensus estimate of ($0.12).

Wealth Management Partners LLC purchased a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,285 shares of the company's stock, valued at approximately $296,000.

Other institutional investors have also recently made changes to their positions in the company. Caldwell Sutter Capital Inc. purchased a new position in Oklo in the second quarter worth $25,000. KBC Group NV purchased a new position in Oklo in the first quarter worth $36,000. Deutsche Bank AG grew its position in Oklo by 161.7% in the first quarter. Deutsche Bank AG now owns 1,748 shares of the company's stock worth $38,000 after acquiring an additional 1,080 shares in the last quarter. Harbour Investments Inc. grew its position in Oklo by 120.9% in the first quarter. Harbour Investments Inc. now owns 1,800 shares of the company's stock worth $39,000 after acquiring an additional 985 shares in the last quarter. Finally, Graybill Wealth Management LTD. purchased a new position in Oklo in the first quarter worth $43,000. Institutional investors own 85.03% of the company's stock.

Insider Activity

In other news, CFO Richard Craig Bealmear sold 7,622 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $101.44, for a total transaction of $773,175.68. Following the sale, the chief financial officer owned 121,913 shares in the company, valued at $12,366,854.72. This represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the sale, the chief executive officer owned 10,105,098 shares in the company, valued at approximately $557,801,409.60. The trade was a 2.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 441,387 shares of company stock worth $28,892,580 over the last 90 days. 18.90% of the stock is currently owned by insiders.

Oklo Stock Up 0.8%

Shares of NYSE OKLO traded up $1.10 on Tuesday, reaching $141.40. 24,677,946 shares of the company's stock traded hands, compared to its average volume of 18,120,652. Oklo Inc. has a 12 month low of $7.90 and a 12 month high of $142.85. The business's 50 day simple moving average is $77.18 and its two-hundred day simple moving average is $51.72. The company has a market cap of $20.87 billion, a price-to-earnings ratio of -336.12 and a beta of 0.59.

Oklo (NYSE:OKLO - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). Analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OKLO has been the subject of several research reports. Seaport Res Ptn upgraded shares of Oklo from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. BTIG Research reiterated a "neutral" rating on shares of Oklo in a research report on Tuesday, August 12th. Bank of America initiated coverage on shares of Oklo in a research report on Tuesday, August 26th. They set a "buy" rating and a $92.00 price target for the company. Wedbush upped their price target on shares of Oklo from $80.00 to $150.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Cantor Fitzgerald set a $73.00 price target on shares of Oklo and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $72.82.

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.