Stratos Wealth Partners LTD. Buys 10,010 Shares of Oklo Inc. (NYSE:OKLO)

Stratos Wealth Partners LTD. raised its stake in shares of Oklo Inc. (NYSE:OKLO) by 75.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 23,195 shares of the company’s stock after acquiring an additional 10,010 shares during the period. Stratos Wealth Partners LTD.’s holdings in Oklo were worth $502,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Barclays PLC lifted its stake in shares of Oklo by 5.7% in the 4th quarter. Barclays PLC now owns 7,666 shares of the company’s stock worth $163,000 after purchasing an additional 416 shares during the period. Spire Wealth Management lifted its stake in shares of Oklo by 14.1% in the 1st quarter. Spire Wealth Management now owns 3,896 shares of the company’s stock worth $84,000 after purchasing an additional 481 shares during the period. Ancora Advisors LLC lifted its stake in shares of Oklo by 18.2% in the 4th quarter. Ancora Advisors LLC now owns 4,610 shares of the company’s stock worth $98,000 after purchasing an additional 710 shares during the period. Sowell Financial Services LLC lifted its stake in shares of Oklo by 5.4% in the 1st quarter. Sowell Financial Services LLC now owns 15,275 shares of the company’s stock worth $330,000 after purchasing an additional 782 shares during the period. Finally, TD Waterhouse Canada Inc. bought a new position in shares of Oklo in the 4th quarter worth approximately $27,000. Institutional investors own 85.03% of the company’s stock.

Oklo Trading Up 11.6%

Oklo stock opened at $62.61 on Tuesday. The firm has a 50 day moving average of $49.99 and a 200 day moving average of $37.18. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of -11.57 and a beta of 0.57. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $73.55.

Oklo (NYSE:OKLO) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. On average, analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Insider Buying and Selling

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the completion of the sale, the chief executive officer directly owned 10,105,098 shares of the company’s stock, valued at $557,801,409.60. This trade represents a 2.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Stuart Klein sold 50,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $54.85, for a total transaction of $2,742,500.00. Following the sale, the director directly owned 200,000 shares of the company’s stock, valued at approximately $10,970,000. This trade represents a 20.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 600,000 shares of company stock valued at $35,066,500. Insiders own 18.90% of the company’s stock.

Wall Street Analyst Weigh In

OKLO has been the topic of several recent research reports. Craig Hallum cut shares of Oklo from a “buy” rating to a “hold” rating and set a $59.00 price objective on the stock. in a research note on Monday, June 23rd. Wedbush set a $75.00 price objective on shares of Oklo and gave the stock an “outperform” rating in a research note on Thursday, June 12th. HC Wainwright initiated coverage on shares of Oklo in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $55.00 price objective on the stock. Daiwa Capital Markets initiated coverage on shares of Oklo in a research note on Friday. They issued a “neutral” rating and a $58.00 price objective on the stock. Finally, CLSA raised shares of Oklo from an “outperform” rating to a “moderate buy” rating and increased their target price for the stock from $50.00 to $74.00 in a report on Tuesday, May 27th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Oklo has a consensus rating of “Moderate Buy” and an average price target of $58.43.

Oklo Company 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.