Stratos Wealth Partners LTD. Has $5.24 Million Position in Oklo Inc. $OKLO

Stratos Wealth Partners LTD. increased its position in shares of Oklo Inc. (NYSE:OKLO) by 81.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 46,921 shares of the company’s stock after purchasing an additional 21,101 shares during the period. Stratos Wealth Partners LTD.’s holdings in Oklo were worth $5,238,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in OKLO. Costello Asset Management INC raised its position in Oklo by 66.7% during the third quarter. Costello Asset Management INC now owns 500 shares of the company’s stock valued at $56,000 after purchasing an additional 200 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Oklo in the 3rd quarter valued at $335,000. Wealthfront Advisers LLC acquired a new position in shares of Oklo during the 3rd quarter worth $878,000. Means Investment CO. Inc. lifted its position in shares of Oklo by 29.5% during the 3rd quarter. Means Investment CO. Inc. now owns 5,779 shares of the company’s stock worth $645,000 after buying an additional 1,318 shares during the last quarter. Finally, Profund Advisors LLC acquired a new stake in Oklo in the third quarter valued at about $224,000. 85.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Oklo news, CEO Jacob Dewitte sold 60,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $74.45, for a total value of $4,467,000.00. Following the sale, the chief executive officer owned 748,197 shares in the company, valued at approximately $55,703,266.65. The trade was a 7.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Richard Craig Bealmear sold 9,726 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $76.93, for a total value of $748,221.18. Following the completion of the sale, the chief financial officer directly owned 196,913 shares of the company’s stock, valued at approximately $15,148,517.09. The trade was a 4.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,762,526 shares of company stock valued at $153,283,847 over the last 90 days. 18.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $106.00 price target on shares of Oklo in a research note on Friday, January 9th. Needham & Company LLC reissued a “buy” rating on shares of Oklo in a research note on Friday, January 9th. Texas Capital upgraded shares of Oklo to a “strong-buy” rating in a research report on Tuesday, January 27th. Wedbush reiterated an “outperform” rating on shares of Oklo in a report on Friday, January 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Oklo in a report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.20.

Oklo Price Performance

OKLO opened at $64.06 on Friday. Oklo Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $193.84. The company’s 50 day moving average price is $85.08 and its two-hundred day moving average price is $96.64. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of -118.63 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 (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07). During the same quarter in the previous year, the company earned ($0.08) EPS. As a group, equities research analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Oklo 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.