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Foundations Investment Advisors LLC Invests $985,000 in Oklo Inc. (NYSE:OKLO)

Oklo logo with Oils/Energy background

Foundations Investment Advisors LLC bought a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,407 shares of the company's stock, valued at approximately $985,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OKLO. HITE Hedge Asset Management LLC bought a new position in Oklo during the third quarter worth about $19,753,000. Atomi Financial Group Inc. acquired a new position in shares of Oklo in the 4th quarter valued at approximately $19,285,000. Portland Investment Counsel Inc. bought a new stake in Oklo during the 3rd quarter worth approximately $6,493,000. Readystate Asset Management LP acquired a new stake in Oklo during the 3rd quarter worth approximately $6,193,000. Finally, Geode Capital Management LLC bought a new position in Oklo in the third quarter valued at approximately $5,971,000. Institutional investors own 85.03% of the company's stock.

Insider Buying and Selling at Oklo

In other news, Director Richard Kinzley bought 5,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $99,750. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the sale, the chief executive officer now directly owns 12,543,085 shares of the company's stock, valued at $271,056,066.85. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on OKLO shares. Citigroup raised their price objective on shares of Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, January 8th. Craig Hallum assumed coverage on Oklo in a research report on Tuesday. They set a "buy" rating and a $44.00 price target for the company. Finally, Wedbush raised their price objective on Oklo from $26.00 to $45.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.50.

View Our Latest Report on OKLO

Oklo Stock Up 18.9 %

Shares of OKLO stock traded up $6.66 on Thursday, reaching $41.96. The stock had a trading volume of 34,104,250 shares, compared to its average volume of 21,674,396. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $43.70. The firm's 50-day moving average is $24.43 and its two-hundred day moving average is $16.10.

About Oklo

(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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Institutional Ownership by Quarter for Oklo (NYSE:OKLO)

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