Darden Wealth Group Inc Purchases New Stake in Oklo Inc. $OKLO

Darden Wealth Group Inc acquired a new position in shares of Oklo Inc. (NYSE:OKLO) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 6,950 shares of the company’s stock, valued at approximately $389,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Trust Co. NA bought a new position in shares of Oklo during the second quarter worth about $25,000. Caldwell Sutter Capital Inc. bought a new position in Oklo during the 2nd quarter worth approximately $25,000. ORG Partners LLC lifted its holdings in Oklo by 281.0% during the 2nd quarter. ORG Partners LLC now owns 800 shares of the company’s stock worth $41,000 after buying an additional 590 shares during the last quarter. FNY Investment Advisers LLC grew its position in shares of Oklo by 7,190.9% in the 2nd quarter. FNY Investment Advisers LLC now owns 802 shares of the company’s stock worth $44,000 after acquiring an additional 791 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of Oklo in the 2nd quarter valued at approximately $57,000. Institutional investors own 85.03% of the company’s stock.

Insiders Place Their Bets

In other news, insider William Carroll Murphy Goodwin sold 41,387 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $70.09, for a total transaction of $2,900,814.83. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 300,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $112.26, for a total transaction of $33,678,000.00. Following the completion of the sale, the chief executive officer directly owned 9,780,098 shares of the company’s stock, valued at $1,097,913,801.48. The trade was a 2.98% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 491,387 shares of company stock worth $52,698,580. 18.90% of the stock is owned by company insiders.

Oklo Stock Up 9.3%

Oklo stock opened at $136.25 on Friday. Oklo Inc. has a 52-week low of $17.14 and a 52-week high of $193.84. The firm has a market capitalization of $20.11 billion, a price-to-earnings ratio of -324.39 and a beta of 0.69. The firm has a 50-day moving average price of $108.62 and a two-hundred day moving average price of $70.43.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Research analysts expect that Oklo Inc. will post -8.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on OKLO shares. Seaport Res Ptn downgraded shares of Oklo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Citigroup lifted their price target on shares of Oklo from $30.00 to $68.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Cantor Fitzgerald set a $73.00 price objective on shares of Oklo and gave the company an “overweight” rating in a research report on Tuesday, July 15th. BNP Paribas Exane started coverage on shares of Oklo in a report on Friday, July 25th. They issued an “underperform” rating and a $14.00 target price on the stock. Finally, Daiwa America raised Oklo from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Oklo currently has a consensus rating of “Hold” and a consensus price target of $98.14.

Oklo Company 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.