Wealthedge Investment Advisors LLC Acquires New Holdings in Oklo Inc. $OKLO

Wealthedge Investment Advisors LLC bought a new position in Oklo Inc. (NYSE:OKLO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,173 shares of the company’s stock, valued at approximately $738,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caldwell Sutter Capital Inc. acquired a new stake in shares of Oklo in the second quarter worth $25,000. Private Trust Co. NA acquired a new position in Oklo in the 2nd quarter valued at $25,000. Fourth Dimension Wealth LLC grew its stake in Oklo by 125.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after buying an additional 250 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Oklo in the 2nd quarter worth $28,000. Finally, Creative Financial Designs Inc. ADV lifted its position in Oklo by 107.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock worth $33,000 after acquiring an additional 305 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Price Performance

Oklo stock opened at $91.65 on Monday. The firm has a market capitalization of $14.32 billion, a P/E ratio of -169.72 and a beta of 0.73. The stock has a fifty day moving average price of $123.18 and a two-hundred day moving average price of $85.70. Oklo Inc. has a 52-week low of $17.14 and a 52-week high of $193.84.

Oklo (NYSE:OKLO) last announced its earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same period last year, the business posted ($0.08) EPS. On average, equities research 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 analyst reports. HC Wainwright upped their price target on shares of Oklo from $55.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a research report on Wednesday, October 8th. Wedbush restated an “outperform” rating and set a $150.00 target price on shares of Oklo in a research note on Wednesday, November 12th. Zacks Research raised Oklo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Canaccord Genuity Group began coverage on Oklo in a research report on Thursday, October 9th. They issued a “buy” rating and a $175.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $106.29.

Insider Activity

In other news, CFO Richard Craig Bealmear sold 7,622 shares of Oklo stock in a transaction that occurred on Thursday, September 18th. The shares were 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 approximately $12,366,854.72. The trade was a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Stuart Klein sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $133.76, for a total value of $6,688,000.00. Following the completion of the transaction, the director directly owned 150,000 shares in the company, valued at $20,064,000. The trade was a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 503,323 shares of company stock worth $53,914,143. Corporate insiders own 18.90% of the company’s stock.

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.