Triton Wealth Management PLLC Takes $918,000 Position in Oklo Inc. $OKLO

Triton Wealth Management PLLC acquired a new stake in shares of Oklo Inc. (NYSE:OKLO) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 16,389 shares of the company’s stock, valued at approximately $918,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caldwell Sutter Capital Inc. purchased a new position in Oklo during the second quarter worth about $25,000. KBC Group NV purchased a new position in Oklo during the first quarter worth about $36,000. Deutsche Bank AG boosted its holdings in Oklo by 161.7% during the first quarter. Deutsche Bank AG now owns 1,748 shares of the company’s stock worth $38,000 after purchasing an additional 1,080 shares during the last quarter. Harbour Investments Inc. boosted its holdings in Oklo by 120.9% during the first quarter. Harbour Investments Inc. now owns 1,800 shares of the company’s stock worth $39,000 after purchasing an additional 985 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in Oklo by 281.0% during the second quarter. ORG Partners LLC now owns 800 shares of the company’s stock worth $41,000 after purchasing an additional 590 shares during the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Stock Up 1.2%

NYSE OKLO opened at $173.14 on Wednesday. The company’s 50 day moving average is $97.31 and its 200-day moving average is $63.46. Oklo Inc. has a 12-month low of $9.54 and a 12-month high of $183.20. The firm has a market cap of $25.56 billion, a P/E ratio of -412.22 and a beta of 0.69.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Equities analysts expect that Oklo Inc. will post -8.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. HC Wainwright boosted their price target on shares of Oklo from $55.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Seaport Res Ptn cut shares of Oklo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. The Goldman Sachs Group began coverage on shares of Oklo in a research note on Thursday, September 25th. They issued a “neutral” rating and a $117.00 target price on the stock. Canaccord Genuity Group began coverage on shares of Oklo in a research note on Thursday, October 9th. They issued a “buy” rating and a $175.00 target price on the stock. Finally, BNP Paribas upgraded shares of Oklo to a “strong sell” rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $98.14.

Insider Activity

In related news, Director Michael Stuart Klein sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the sale, the director owned 150,000 shares of the company’s stock, valued at approximately $20,064,000. This represents a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard Craig Bealmear sold 7,622 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $101.44, for a total transaction of $773,175.68. Following the sale, the chief financial officer directly owned 121,913 shares in the company, valued at $12,366,854.72. This trade represents a 5.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 491,387 shares of company stock worth $52,698,580. 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.