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

AE Wealth Management LLC lifted its stake in shares of Oklo Inc. (NYSE:OKLO) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 89,326 shares of the company’s stock after buying an additional 6,995 shares during the quarter. AE Wealth Management LLC owned about 0.06% of Oklo worth $9,971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OKLO. Private Trust Co. NA bought a new position in shares of Oklo in the second quarter valued at $25,000. Fourth Dimension Wealth LLC increased its holdings in Oklo by 125.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of Oklo in the third quarter worth approximately $27,000. Elevation Point Wealth Partners LLC bought a new stake in Oklo during the second quarter worth $28,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Oklo by 107.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock valued at $33,000 after purchasing an additional 305 shares during the last quarter. 85.03% of the stock is owned by institutional investors.

Insider Transactions at Oklo

In other Oklo news, CFO Richard Craig Bealmear sold 5,159 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $76.97, for a total transaction of $397,088.23. Following the completion of the transaction, the chief financial officer owned 196,913 shares of the company’s stock, valued at approximately $15,156,393.61. This trade represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jacob Dewitte sold 26,740 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 808,197 shares in the company, valued at approximately $90,016,981.86. This represents a 3.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,552,800 shares of company stock worth $137,543,426. Corporate insiders own 18.90% of the company’s stock.

Oklo Stock Performance

NYSE OKLO opened at $79.50 on Friday. Oklo Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $193.84. The stock has a market cap of $12.42 billion, a P/E ratio of -147.22 and a beta of 0.76. The stock has a 50 day simple moving average of $89.16 and a two-hundred day simple moving average of $96.47.

Oklo (NYSE:OKLO) last posted its quarterly earnings data 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 company posted ($0.08) earnings per share. Sell-side analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.

Analyst Ratings Changes

OKLO has been the subject of a number of recent analyst reports. Bank of America raised shares of Oklo from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $111.00 to $127.00 in a research report on Wednesday, January 21st. B. Riley upped their price objective on Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Canaccord Genuity Group initiated coverage on Oklo in a research note on Thursday, October 9th. They set a “buy” rating and a $175.00 target price on the stock. Zacks Research lowered shares of Oklo from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $106.00 price objective on shares of Oklo in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Oklo presently has an average rating of “Moderate Buy” and an average target price 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.