C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New Investment in Oklo Inc. (NYSE:OKLO)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,284 shares of the company's stock, valued at approximately $240,000.

A number of other large investors also recently modified their holdings of the company. Kozak & Associates Inc. acquired a new position in shares of Oklo during the 4th quarter valued at $57,000. Spire Wealth Management purchased a new position in Oklo in the fourth quarter valued at about $72,000. Wolff Wiese Magana LLC acquired a new position in shares of Oklo during the fourth quarter worth about $99,000. Stephens Consulting LLC purchased a new stake in shares of Oklo in the fourth quarter worth 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 Stock Performance

Shares of OKLO traded down $4.67 during trading on Monday, reaching $34.13. The company's stock had a trading volume of 14,471,190 shares, compared to its average volume of 20,642,133. The company has a fifty day moving average of $34.01 and a two-hundred day moving average of $21.13. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14.

Insider Buying and Selling

In related news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Kinzley acquired 5,000 shares of the business's stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the purchase, 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 disclosure for this purchase can be found here. Insiders own 21.80% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OKLO shares. Craig Hallum assumed coverage on Oklo in a research report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price target on the stock. 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 report on Friday, January 24th. B. Riley upped their target price on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Citigroup lifted their price target on shares of Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.