Adams Wealth Management Takes Position in Oklo Inc. $OKLO

Adams Wealth Management bought a new position in shares of Oklo Inc. (NYSE:OKLO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,797 shares of the company’s stock, valued at approximately $437,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Caldwell Sutter Capital Inc. acquired a new stake in Oklo during the second quarter worth about $25,000. Private Trust Co. NA bought a new stake in shares of Oklo during the 2nd quarter worth approximately $25,000. Fourth Dimension Wealth LLC boosted its position in shares of 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 acquiring an additional 250 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Oklo during the 2nd quarter worth approximately $28,000. Finally, Creative Financial Designs Inc. ADV increased its stake in 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 acquiring an additional 305 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Seaport Res Ptn upgraded Oklo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Zacks Research upgraded Oklo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Oklo in a research note on Wednesday, November 12th. Citigroup reissued a “neutral” rating on shares of Oklo in a research note on Monday, November 24th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $102.87.

Oklo Stock Down 14.9%

Shares of OKLO opened at $87.63 on Monday. Oklo Inc. has a 12-month low of $17.14 and a 12-month high of $193.84. The business has a 50-day simple moving average of $118.14 and a two-hundred day simple moving average of $89.61. The stock has a market cap of $13.69 billion, a PE ratio of -162.28 and a beta of 0.73.

Oklo (NYSE:OKLO) last announced its quarterly 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 business earned ($0.08) earnings per share. On average, equities research analysts expect that Oklo Inc. will post -8.2 EPS for the current year.

Insider Buying and Selling at Oklo

In other news, insider William Carroll Murphy Goodwin sold 11,936 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $101.84, for a total transaction of $1,215,562.24. Following the completion of the transaction, the insider owned 8,750 shares of the company’s stock, valued at approximately $891,100. This trade represents a 57.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Stuart Klein sold 50,000 shares of Oklo stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the transaction, 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 is available in the SEC filing. Insiders have sold 467,800 shares of company stock worth $51,531,823 in the last 90 days. Corporate insiders own 18.90% of the company’s stock.

About Oklo

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.