Legacy Bridge LLC Makes New $765,000 Investment in Oklo Inc. (NYSE:OKLO)

Legacy Bridge LLC purchased a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,055 shares of the company's stock, valued at approximately $765,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kozak & Associates Inc. bought a new stake in shares of Oklo during the 4th quarter worth $57,000. Wolff Wiese Magana LLC bought a new stake in Oklo during the fourth quarter worth about $99,000. Barclays PLC purchased a new position in shares of Oklo in the 3rd quarter worth about $58,000. Archford Capital Strategies LLC bought a new position in shares of Oklo during the 4th quarter valued at about $212,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Oklo during the 3rd quarter valued at about $94,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Insider Buying and Selling at Oklo

In related news, Director Richard Kinzley acquired 5,000 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the acquisition, the director now 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the sale, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on OKLO. Citigroup upped their target price on Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 8th. Craig Hallum began coverage on shares of Oklo in a report on Tuesday. They set a "buy" rating and a $44.00 target price on the stock. Finally, Wedbush boosted their price target on shares of Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Oklo has an average rating of "Moderate Buy" and a consensus target price of $32.50.

Oklo Stock Performance

Shares of NYSE:OKLO traded down $1.02 during trading on Friday, reaching $40.89. 23,540,676 shares of the company traded hands, compared to its average volume of 21,756,938. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $45.23. The business's fifty day moving average is $24.77 and its 200-day moving average is $16.28.

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.