WCG Wealth Advisors LLC Acquires New Stake in Oklo Inc. $OKLO

WCG Wealth Advisors LLC bought a new stake in shares of Oklo Inc. (NYSE:OKLO) in the second quarter, Holdings Channel reports. The firm bought 36,236 shares of the company’s stock, valued at approximately $2,029,000.

Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in Oklo during the first quarter worth about $358,000. Avantax Advisory Services Inc. acquired a new position in shares of Oklo in the first quarter valued at approximately $339,000. Cetera Investment Advisers increased its stake in Oklo by 72.2% during the 1st quarter. Cetera Investment Advisers now owns 99,237 shares of the company’s stock worth $2,146,000 after buying an additional 41,617 shares during the period. LPL Financial LLC lifted its holdings in Oklo by 103.9% during the 1st quarter. LPL Financial LLC now owns 265,241 shares of the company’s stock worth $5,737,000 after buying an additional 135,157 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Oklo by 120.9% in the first quarter. Harbour Investments Inc. now owns 1,800 shares of the company’s stock worth $39,000 after acquiring an additional 985 shares in the last quarter. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Trading Up 5.0%

Shares of NYSE:OKLO opened at $91.73 on Wednesday. The firm has a 50 day simple moving average of $121.11 and a 200-day simple moving average of $86.43. Oklo Inc. has a twelve month low of $17.14 and a twelve month high of $193.84. The company has a market capitalization of $14.33 billion, a PE ratio of -169.88 and a beta of 0.73.

Oklo (NYSE:OKLO) last posted its earnings results on Wednesday, November 12th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter in the previous year, the firm earned ($0.08) EPS. As a group, equities research analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 300,000 shares of the company’s stock in a transaction dated 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 directly owned 9,780,098 shares of the company’s stock, valued at $1,097,913,801.48. This represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Stuart Klein sold 50,000 shares of the firm’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 transaction, the director owned 150,000 shares in the company, valued at $20,064,000. This represents a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 509,187 shares of company stock worth $54,432,638. 18.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on OKLO shares. Bank of America cut their price objective on Oklo from $117.00 to $111.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oklo in a research report on Wednesday, October 8th. Canaccord Genuity Group assumed coverage on Oklo in a research report on Thursday, October 9th. They set a “buy” rating and a $175.00 price objective for the company. Wedbush restated an “outperform” rating and set a $150.00 target price on shares of Oklo in a research note on Wednesday, November 12th. Finally, HC Wainwright raised their price target on Oklo from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $100.57.

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.