Central Asset Investments & Management Holdings HK Ltd Acquires Shares of 56,900 Oklo Inc. (NYSE:OKLO)

Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 56,900 shares of the company's stock, valued at approximately $1,208,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kozak & Associates Inc. acquired a new stake in shares of Oklo in the fourth quarter valued at about $57,000. Spire Wealth Management acquired a new stake in shares of Oklo in the fourth quarter valued at about $72,000. Wolff Wiese Magana LLC acquired a new stake in shares of Oklo in the fourth quarter valued at about $99,000. Stephens Consulting LLC acquired a new stake in shares of Oklo in the fourth quarter valued at about $127,000. Finally, Barclays PLC acquired a new stake in shares of Oklo in the third quarter valued at about $58,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Price Performance

Shares of Oklo stock traded up $1.02 during midday trading on Friday, hitting $33.41. 13,352,738 shares of the company were exchanged, compared to its average volume of 20,225,553. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14. The firm has a 50 day simple moving average of $35.08 and a 200-day simple moving average of $21.76.

Insider Buying and Selling

In related news, Director Richard Kinzley bought 5,000 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the transaction, the director now directly owns 5,000 shares of the company's stock, valued at $99,750. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction on 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 transaction, the chief executive officer now owns 12,543,085 shares of the company's stock, valued at approximately $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 owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OKLO. Craig Hallum began coverage on Oklo in a research report on Tuesday, January 28th. They set a "buy" rating and a $44.00 target price on the stock. Citigroup raised their price objective on Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Wedbush lifted their price objective on Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Finally, B. Riley lifted their price objective on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $44.50.

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.