Triad Wealth Partners LLC Invests $1.12 Million in Oklo Inc. $OKLO

Triad Wealth Partners LLC purchased a new position in Oklo Inc. (NYSE:OKLO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,950 shares of the company’s stock, valued at approximately $1,117,000.

Several other large investors have also recently made changes to their positions in the stock. MRA Advisory Group raised its position in shares of Oklo by 2.8% in the 2nd quarter. MRA Advisory Group now owns 9,770 shares of the company’s stock worth $547,000 after acquiring an additional 266 shares in the last quarter. Caldwell Sutter Capital Inc. acquired a new position in Oklo during the 2nd quarter valued at about $25,000. Signaturefd LLC increased its position in Oklo by 5.4% during the 1st quarter. Signaturefd LLC now owns 8,962 shares of the company’s stock valued at $194,000 after buying an additional 462 shares in the last quarter. Spire Wealth Management increased its position in Oklo by 14.1% during the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company’s stock valued at $84,000 after buying an additional 481 shares in the last quarter. Finally, Intrua Financial LLC increased its position in Oklo by 4.2% during the 1st quarter. Intrua Financial LLC now owns 13,375 shares of the company’s stock valued at $289,000 after buying an additional 535 shares in the last quarter. 85.03% of the stock is owned by institutional investors.

Oklo Stock Performance

Shares of OKLO stock opened at $128.99 on Friday. The stock’s 50-day simple moving average is $86.14 and its 200-day simple moving average is $56.66. The firm has a market capitalization of $19.04 billion, a PE ratio of -307.11 and a beta of 0.68. Oklo Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $144.49.

Oklo (NYSE:OKLO) last issued its 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). Sell-side analysts forecast that Oklo Inc. will post -8.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OKLO. Citigroup upped their target price on Oklo from $30.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Barclays set a $146.00 target price on Oklo in a research report on Monday. Seaport Res Ptn lowered Oklo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Craig Hallum lowered Oklo from a “buy” rating to a “hold” rating and set a $59.00 target price on the stock. in a research report on Monday, June 23rd. Finally, BNP Paribas Exane began coverage on Oklo in a research report on Friday, July 25th. They set an “underperform” rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $83.77.

Insider Buying and Selling

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the transaction, the chief executive officer owned 9,780,098 shares in the company, valued at approximately $1,097,913,801.48. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction that occurred on 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 directly owned 150,000 shares of the company’s stock, valued at $20,064,000. The trade was a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 491,387 shares of company stock worth $52,698,580 over the last ninety days. 18.90% of the stock is owned by corporate insiders.

About Oklo

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.