Darden Wealth Group Inc Takes $389,000 Position in Oklo Inc. $OKLO

Darden Wealth Group Inc bought a new position in shares of Oklo Inc. (NYSE:OKLO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,950 shares of the company’s stock, valued at approximately $389,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Oklo by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 4,381,397 shares of the company’s stock valued at $94,770,000 after acquiring an additional 37,718 shares during the last quarter. Compound Planning Inc. grew its holdings in Oklo by 6.2% in the first quarter. Compound Planning Inc. now owns 964,827 shares of the company’s stock valued at $20,869,000 after purchasing an additional 56,437 shares during the period. Portland Investment Counsel Inc. increased its position in Oklo by 0.6% during the first quarter. Portland Investment Counsel Inc. now owns 807,580 shares of the company’s stock worth $17,358,000 after purchasing an additional 5,000 shares during the last quarter. Millennium Management LLC raised its stake in Oklo by 4,974.1% during the first quarter. Millennium Management LLC now owns 582,002 shares of the company’s stock worth $12,589,000 after purchasing an additional 570,532 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Oklo in the 1st quarter valued at $11,674,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Insider Activity

In related news, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $70.09, for a total transaction of $2,900,814.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Craig Bealmear sold 7,622 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer owned 121,913 shares in the company, valued at $12,366,854.72. This represents a 5.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 491,387 shares of company stock valued at $52,698,580 in the last 90 days. Company insiders own 18.90% of the company’s stock.

Oklo Price Performance

Shares of OKLO opened at $136.25 on Friday. Oklo Inc. has a 12 month low of $17.14 and a 12 month high of $193.84. The stock’s 50-day moving average is $108.62 and its two-hundred day moving average is $70.43. The stock has a market cap of $20.11 billion, a PE ratio of -324.39 and a beta of 0.69.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on OKLO. Bank of America restated a “neutral” rating and set a $117.00 price objective (up from $92.00) on shares of Oklo in a report on Tuesday, September 30th. Cantor Fitzgerald set a $73.00 price target on Oklo and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. BTIG Research restated a “neutral” rating on shares of Oklo in a report on Tuesday, August 12th. BNP Paribas upgraded Oklo to a “strong sell” rating in a report on Friday, July 25th. Finally, Canaccord Genuity Group started coverage on shares of Oklo in a research report on Thursday, October 9th. They set a “buy” rating and a $175.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $98.14.

Oklo 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.