Westwood Wealth Management Takes $418,000 Position in Oklo Inc. (NYSE:OKLO)

Westwood Wealth Management purchased a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,700 shares of the company's stock, valued at approximately $418,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OKLO. Sandy Spring Bank acquired a new position in Oklo during the fourth quarter worth approximately $32,000. Anfield Capital Management LLC bought a new position in shares of Oklo in the fourth quarter valued at about $43,000. AlphaQuest LLC bought a new stake in shares of Oklo during the fourth quarter worth approximately $45,000. Kozak & Associates Inc. acquired a new position in shares of Oklo in the fourth quarter valued at about $57,000. Finally, Spire Wealth Management bought a new position in shares of Oklo during the fourth quarter worth approximately $72,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

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 value of $889,429.75. Following the sale, the chief executive officer now directly owns 11,033,561 shares in the company, valued at approximately $277,494,059.15. The trade was a 0.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John M. Jansen purchased 6,000 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was bought at an average cost of $24.57 per share, with a total value of $147,420.00. Following the completion of the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at approximately $147,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by corporate insiders.

Oklo Trading Down 5.6 %

NYSE OKLO traded down $1.36 on Thursday, hitting $22.72. 6,868,452 shares of the company were exchanged, compared to its average volume of 11,783,355. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14. The company has a market cap of $3.16 billion, a PE ratio of -2.22 and a beta of -0.01. The stock has a fifty day moving average of $33.36 and a 200-day moving average of $25.55.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly 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). On average, analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.