AE Wealth Management LLC Acquires 6,995 Shares of Oklo Inc. $OKLO

AE Wealth Management LLC increased its stake in Oklo Inc. (NYSE:OKLO) by 8.5% during the third quarter, Holdings Channel.com reports. The firm owned 89,326 shares of the company’s stock after purchasing an additional 6,995 shares during the quarter. AE Wealth Management LLC’s holdings in Oklo were worth $9,971,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Plancorp LLC lifted its position in shares of Oklo by 1.2% in the third quarter. Plancorp LLC now owns 6,089 shares of the company’s stock valued at $680,000 after acquiring an additional 73 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Oklo by 3.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,622 shares of the company’s stock valued at $293,000 after purchasing an additional 94 shares during the last quarter. Howard Financial Services LTD. grew its position in shares of Oklo by 3.8% during the third quarter. Howard Financial Services LTD. now owns 4,333 shares of the company’s stock valued at $484,000 after purchasing an additional 158 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in shares of Oklo by 4.0% in the third quarter. Wolff Wiese Magana LLC now owns 4,360 shares of the company’s stock worth $487,000 after buying an additional 169 shares in the last quarter. Finally, KBC Group NV boosted its stake in Oklo by 11.8% during the second quarter. KBC Group NV now owns 1,849 shares of the company’s stock valued at $104,000 after buying an additional 195 shares during the last quarter. 85.03% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Jacob Dewitte sold 840,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $82.32, for a total transaction of $69,148,800.00. Following the completion of the sale, the chief executive officer directly owned 1,580,000 shares in the company, valued at $130,065,600. This represents a 34.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider William Carroll Murphy Goodwin sold 11,936 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $101.84, for a total transaction of $1,215,562.24. Following the sale, the insider directly owned 8,750 shares of the company’s stock, valued at $891,100. The trade was a 57.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,552,800 shares of company stock worth $137,543,426. 18.90% of the stock is currently owned by company insiders.

Oklo Trading Down 7.6%

OKLO opened at $79.50 on Friday. The business’s fifty day simple moving average is $89.16 and its 200-day simple moving average is $96.47. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of -147.22 and a beta of 0.76. Oklo Inc. has a 12-month low of $17.42 and a 12-month high of $193.84.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter last year, the company posted ($0.08) EPS. On average, equities research analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OKLO. UBS Group reaffirmed a “neutral” rating on shares of Oklo in a report on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oklo in a research note on Thursday, January 22nd. Zacks Research cut shares of Oklo from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $122.00 target price on shares of Oklo in a research report on Wednesday, November 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $106.00 price target on shares of Oklo in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.20.

About Oklo

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.