13,173 Shares in Oklo Inc. $OKLO Purchased by Wealthedge Investment Advisors LLC

Wealthedge Investment Advisors LLC purchased a new stake in Oklo Inc. (NYSE:OKLO) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 13,173 shares of the company’s stock, valued at approximately $738,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. KBC Group NV boosted its holdings in Oklo by 11.8% during the second quarter. KBC Group NV now owns 1,849 shares of the company’s stock worth $104,000 after buying an additional 195 shares in the last quarter. Fourth Dimension Wealth LLC grew its holdings in shares of Oklo by 125.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares during the last quarter. MRA Advisory Group raised its position in shares of Oklo by 2.8% during the second quarter. MRA Advisory Group now owns 9,770 shares of the company’s stock worth $547,000 after purchasing an additional 266 shares during the period. Rothschild Investment LLC lifted its holdings in shares of Oklo by 82.9% during the second quarter. Rothschild Investment LLC now owns 640 shares of the company’s stock valued at $36,000 after purchasing an additional 290 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of Oklo by 107.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock valued at $33,000 after purchasing an additional 305 shares during the period. 85.03% of the stock is currently owned by institutional investors.

Oklo Stock Up 3.3%

Shares of NYSE:OKLO opened at $91.65 on Monday. The firm has a fifty day moving average of $123.18 and a two-hundred day moving average of $85.70. Oklo Inc. has a 12-month low of $17.14 and a 12-month high of $193.84. The firm has a market capitalization of $14.32 billion, a P/E ratio of -169.72 and a beta of 0.73.

Oklo (NYSE:OKLO) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same period last year, the firm posted ($0.08) earnings per share. Equities research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total value of $33,678,000.00. Following the completion of the sale, the chief executive officer owned 9,780,098 shares of the company’s stock, valued at approximately $1,097,913,801.48. The trade was a 2.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Richard Craig Bealmear sold 7,622 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $101.44, for a total value of $773,175.68. Following the completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 503,323 shares of company stock valued at $53,914,143 in the last quarter. Corporate insiders own 18.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays set a $146.00 price objective on Oklo in a report on Monday, September 29th. Weiss Ratings restated a “sell (d)” rating on shares of Oklo in a report on Wednesday, October 8th. Citigroup reiterated a “neutral” rating on shares of Oklo in a research report on Monday, November 24th. BTIG Research restated a “neutral” rating on shares of Oklo in a report on Tuesday, August 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $122.00 target price on shares of Oklo in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Oklo currently has a consensus rating of “Hold” and a consensus target price of $106.29.

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.