Westwood Wealth Management Acquires New Stake in Oklo Inc. (NYSE:OKLO)

Westwood Wealth Management purchased a new stake in Oklo Inc. (NYSE:OKLO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,700 shares of the company’s stock, valued at approximately $418,000.

A number of other large investors have also recently modified their holdings of OKLO. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Oklo in the third quarter valued at approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Oklo during the 3rd quarter valued at $104,000. Point72 Asset Management L.P. bought a new stake in shares of Oklo during the 3rd quarter worth $1,023,000. Stifel Financial Corp purchased a new position in Oklo in the third quarter worth $104,000. Finally, State Street Corp bought a new position in Oklo in the third quarter valued at $2,889,000. Institutional investors own 85.03% of the company’s stock.

Oklo Stock Performance

Shares of OKLO stock opened at $19.83 on Friday. The company has a market capitalization of $2.76 billion, a P/E ratio of -1.96 and a beta of -0.01. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14. The stock has a 50 day moving average price of $34.83 and a two-hundred day moving average price of $25.16.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). As a group, equities analysts predict that Oklo Inc. will post -8.2 earnings per share for the current year.

Insider Activity

In related news, CEO Jacob Dewitte sold 35,365 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $25.15, for a total transaction of $889,429.75. Following the transaction, the chief executive officer now owns 11,033,561 shares in the company, valued at $277,494,059.15. The trade was a 0.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John M. Jansen acquired 6,000 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was acquired at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $147,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on OKLO shares. Craig Hallum assumed coverage on Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective on the stock. Wedbush restated an “outperform” rating and issued a $45.00 price objective on shares of Oklo in a report on Tuesday, March 25th. Citigroup cut their price objective on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Finally, B. Riley lifted their target price on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Oklo currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

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.