Signature Wealth Management Partners LLC Acquires New Holdings in Oklo Inc. $OKLO

Signature Wealth Management Partners LLC acquired a new stake in Oklo Inc. (NYSE:OKLO) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 6,839 shares of the company’s stock, valued at approximately $383,000.

Several other institutional investors and hedge funds have also modified their holdings of OKLO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Oklo by 358.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,069 shares of the company’s stock valued at $1,254,000 after purchasing an additional 46,188 shares during the period. Rhumbline Advisers acquired a new position in Oklo during the 1st quarter worth approximately $65,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Oklo during the 1st quarter worth approximately $410,000. MRA Advisory Group acquired a new position in Oklo during the 1st quarter worth approximately $206,000. Finally, StoneCrest Wealth Management Inc. acquired a new position in Oklo during the 1st quarter worth approximately $347,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 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. This represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction 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 completion of the sale, the director owned 150,000 shares in the company, valued at approximately $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 90 days, insiders sold 491,387 shares of company stock worth $52,698,580. 18.90% of the stock is owned by corporate insiders.

Oklo Trading Down 1.1%

NYSE OKLO opened at $127.41 on Friday. The company has a market cap of $18.81 billion, a PE ratio of -303.35 and a beta of 0.69. Oklo Inc. has a 12 month low of $9.01 and a 12 month high of $144.49. The stock has a 50 day moving average of $87.18 and a 200-day moving average of $57.36.

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

Wall Street Analysts Forecast Growth

OKLO has been the subject of a number of recent research reports. Craig Hallum downgraded Oklo from a “buy” rating to a “hold” rating and set a $59.00 price target for the company. in a research report on Monday, June 23rd. BNP Paribas raised Oklo to a “strong sell” rating in a research report on Friday, July 25th. Wedbush upped their price target on Oklo from $80.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. William Blair reaffirmed an “outperform” rating on shares of Oklo in a research report on Tuesday, August 12th. Finally, Barclays set a $146.00 price target on Oklo in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Oklo has a consensus rating of “Hold” and a consensus target price of $83.77.

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.