Total Wealth Planning & Management Inc. Invests $428,000 in Oklo Inc. $OKLO

Total Wealth Planning & Management Inc. acquired a new position in shares of Oklo Inc. (NYSE:OKLO) in the second quarter, Holdings Channel reports. The fund acquired 7,636 shares of the company’s stock, valued at approximately $428,000.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Oklo by 0.9% in the first quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock valued at $94,770,000 after acquiring an additional 37,718 shares during the period. Compound Planning Inc. grew its position in Oklo by 6.2% in the first quarter. Compound Planning Inc. now owns 964,827 shares of the company’s stock valued at $20,869,000 after acquiring an additional 56,437 shares during the period. Portland Investment Counsel Inc. grew its position in Oklo by 0.6% in the first quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company’s stock valued at $17,358,000 after acquiring an additional 5,000 shares during the period. Millennium Management LLC grew its position in Oklo by 4,974.1% in the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock valued at $12,589,000 after acquiring an additional 570,532 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new stake in Oklo in the first quarter valued at $11,674,000. 85.03% of the stock is currently owned by institutional investors.

Oklo Stock Performance

Shares of OKLO stock opened at $137.92 on Friday. Oklo Inc. has a 52-week low of $9.01 and a 52-week high of $147.18. The stock has a market cap of $20.36 billion, a PE ratio of -328.36 and a beta of 0.69. The firm’s 50 day moving average price is $92.12 and its two-hundred day moving average price is $60.33.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). As a group, sell-side analysts predict that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Oklo 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 transaction of $2,900,814.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael Stuart Klein sold 50,000 shares of Oklo 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 transaction, the director owned 150,000 shares in the company, valued at $20,064,000. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 491,387 shares of company stock valued at $52,698,580. Insiders own 18.90% of the company’s stock.

Wall Street Analyst Weigh In

OKLO has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Oklo in a research note on Wednesday. William Blair reiterated an “outperform” rating on shares of Oklo in a research note on Tuesday, August 12th. Craig Hallum cut Oklo from a “buy” rating to a “hold” rating and set a $59.00 target price on the stock. in a report on Monday, June 23rd. Citigroup increased their target price on Oklo from $30.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Finally, Cantor Fitzgerald set a $73.00 price objective on shares of Oklo and gave the stock an “overweight” rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Oklo presently has an average rating of “Hold” and an average target price of $98.14.

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.