Tradewinds LLC. Takes $1.84 Million Position in Oklo Inc. $OKLO

Tradewinds LLC. purchased a new position in Oklo Inc. (NYSE:OKLO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,445 shares of the company’s stock, valued at approximately $1,836,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Armstrong Advisory Group Inc. acquired a new stake in shares of Oklo in the third quarter worth approximately $27,000. Wilmington Savings Fund Society FSB purchased a new position in Oklo during the third quarter worth approximately $45,000. Private Trust Co. NA acquired a new stake in shares of Oklo during the 2nd quarter worth $25,000. Fourth Dimension Wealth LLC raised its position in shares of Oklo by 125.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after buying an additional 250 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Oklo in the 2nd quarter worth $28,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OKLO. Needham & Company LLC restated a “buy” rating on shares of Oklo in a research note on Friday, January 9th. William Blair reiterated an “outperform” rating on shares of Oklo in a report on Wednesday, November 12th. Canaccord Genuity Group began coverage on shares of Oklo in a research report on Thursday, October 9th. They set a “buy” rating and a $175.00 target price for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $106.00 price target on shares of Oklo in a research report on Friday, January 9th. Finally, Citigroup reiterated a “neutral” rating on shares of Oklo in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $102.13.

Oklo Stock Up 3.7%

OKLO opened at $94.85 on Monday. The firm’s 50 day moving average is $91.49 and its 200-day moving average is $94.75. Oklo Inc. has a 52-week low of $17.42 and a 52-week high of $193.84. The firm has a market capitalization of $14.82 billion, a P/E ratio of -175.65 and a beta of 0.76.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter last year, the business earned ($0.08) EPS. Equities analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Richard Craig Bealmear sold 5,159 shares of Oklo stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $76.97, for a total transaction of $397,088.23. Following the sale, the chief financial officer directly owned 196,913 shares of the company’s stock, valued at approximately $15,156,393.61. The trade was a 2.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 26,740 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $111.38, for a total value of $2,978,301.20. Following the completion of the transaction, the chief executive officer owned 808,197 shares in the company, valued at approximately $90,016,981.86. This trade represents a 3.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,552,800 shares of company stock valued at $137,543,426 over the last 90 days. Insiders own 18.90% of the company’s stock.

Oklo Company Profile

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.