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

Stratos Wealth Partners LTD. raised its holdings in Oklo Inc. (NYSE:OKLO) by 81.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,921 shares of the company’s stock after acquiring an additional 21,101 shares during the period. Stratos Wealth Partners LTD.’s holdings in Oklo were worth $5,238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Armstrong Advisory Group Inc. bought a new position in shares of Oklo during the 3rd quarter valued at about $27,000. Gables Capital Management Inc. acquired a new stake in Oklo during the 3rd quarter worth approximately $28,000. Whittier Trust Co. of Nevada Inc. bought a new position in Oklo in the third quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB bought a new position in Oklo in the third quarter valued at approximately $45,000. Finally, Private Trust Co. NA acquired a new position in shares of Oklo in the second quarter valued at approximately $25,000. 85.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OKLO has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating on shares of Oklo in a report on Friday, January 9th. B. Riley Financial raised their price target on shares of Oklo from $58.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Texas Capital raised Oklo to a “strong-buy” rating in a research report on Tuesday, January 27th. Bank of America raised shares of Oklo from a “neutral” rating to a “buy” rating and upped their price target for the stock from $111.00 to $127.00 in a research report on Wednesday, January 21st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $122.00 price objective on shares of Oklo in a research report on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $103.20.

Oklo Stock Down 3.3%

NYSE OKLO opened at $64.06 on Friday. The firm has a 50-day moving average price of $85.08 and a two-hundred day moving average price of $96.64. Oklo Inc. has a 12-month low of $17.42 and a 12-month high of $193.84. The company has a market capitalization of $10.01 billion, a P/E 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 for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter in the prior year, the business posted ($0.08) EPS. Equities analysts expect that Oklo Inc. will post -8.2 EPS for the current year.

Insider Buying and Selling

In other news, CEO Jacob Dewitte sold 60,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $74.45, for a total transaction of $4,467,000.00. Following the sale, the chief executive officer directly owned 748,197 shares of the company’s stock, valued at approximately $55,703,266.65. This represents a 7.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Craig Bealmear sold 9,726 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $76.93, for a total value of $748,221.18. Following the completion of the transaction, the chief financial officer owned 196,913 shares in the company, valued at $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 have sold 1,762,526 shares of company stock worth $153,283,847 in the last three months. 18.90% of the stock is currently owned by company insiders.

About Oklo

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.