Archford Capital Strategies LLC purchased a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,000 shares of the company's stock, valued at approximately $212,000.
A number of other large investors also recently bought and sold shares of OKLO. Kozak & Associates Inc. acquired a new stake in shares of Oklo during the 4th quarter valued at about $57,000. Wolff Wiese Magana LLC purchased a new position in Oklo during the fourth quarter worth approximately $99,000. Barclays PLC acquired a new stake in Oklo in the third quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Oklo in the third quarter valued at approximately $94,000. Finally, Peapack Gladstone Financial Corp acquired a new position in shares of Oklo during the 3rd quarter worth approximately $100,000. 85.03% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Oklo from $10.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, January 8th. Wedbush boosted their target price on shares of Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday.
Get Our Latest Stock Analysis on Oklo
Oklo Stock Down 25.7 %
NYSE OKLO traded down $10.73 during mid-day trading on Monday, hitting $31.09. The stock had a trading volume of 42,983,910 shares, compared to its average volume of 19,804,363. The firm's 50 day moving average is $23.69 and its 200 day moving average is $15.62. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $43.70.
Insider Transactions at Oklo
In related news, CEO Jacob Dewitte sold 230,569 shares of the company's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the completion of the sale, the chief executive officer now owns 12,543,085 shares of the company's stock, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard Kinzley bought 5,000 shares of Oklo stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $99,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 21.80% of the company's stock.
Oklo Profile
(
Free Report)
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.
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