Westwood Wealth Management Makes New $418,000 Investment in Oklo Inc. (NYSE:OKLO)

Westwood Wealth Management acquired a new stake in shares of Oklo Inc. (NYSE:OKLO) in the 4th quarter, Holdings Channel.com reports. The fund acquired 19,700 shares of the company’s stock, valued at approximately $418,000.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Oklo by 92.8% in the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company’s stock worth $92,216,000 after purchasing an additional 2,090,154 shares in the last quarter. Van ECK Associates Corp bought a new stake in Oklo in the fourth quarter worth $38,661,000. Atomi Financial Group Inc. bought a new stake in Oklo in the fourth quarter worth $19,285,000. TimesSquare Capital Management LLC purchased a new stake in shares of Oklo in the fourth quarter worth $17,104,000. Finally, Geode Capital Management LLC bought a new position in shares of Oklo during the third quarter valued at $5,971,000. Institutional investors own 85.03% of the company’s stock.

Oklo Stock Down 9.4 %

Shares of OKLO stock opened at $19.83 on Friday. The company has a 50 day moving average price of $34.83 and a 200-day moving average price of $25.16. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14. The firm has a market capitalization of $2.76 billion, a PE ratio of -1.96 and a beta of -0.01.

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

Analyst Ratings Changes

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

Insider Buying and Selling at Oklo

In other Oklo news, Director John M. Jansen acquired 6,000 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was purchased at an average price of $24.57 per share, with a total value of $147,420.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $147,420. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jacob Dewitte sold 35,365 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $25.15, for a total value of $889,429.75. Following the completion of the transaction, the chief executive officer now directly owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. This represents a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is owned by corporate insiders.

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.