30,000 Shares in Oklo Inc. (NYSE:OKLO) Bought by Canal Insurance CO

Canal Insurance CO acquired a new position in Oklo Inc. (NYSE:OKLO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 30,000 shares of the company's stock, valued at approximately $637,000.

A number of other institutional investors have also recently bought and sold shares of OKLO. DRW Securities LLC purchased a new position in shares of Oklo during the 3rd quarter valued at $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Oklo in the third quarter valued at about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Oklo in the 3rd quarter worth about $104,000. Portland Investment Counsel Inc. acquired a new position in Oklo in the 3rd quarter worth about $6,493,000. Finally, Atom Investors LP purchased a new stake in shares of Oklo during the 3rd quarter worth about $657,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Richard Kinzley bought 5,000 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $19.95 per share, with a total value of $99,750.00. Following the completion of the transaction, the director now owns 5,000 shares of the company's stock, valued at $99,750. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jacob Dewitte sold 230,569 shares of the company's stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on OKLO shares. Craig Hallum started coverage on Oklo in a report on Tuesday. They issued a "buy" rating and a $44.00 price objective on the stock. Wedbush increased 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. Finally, Citigroup boosted their target price on Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a report 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 MarketBeat.com, Oklo currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.50.

Oklo Stock Down 0.4 %

OKLO stock traded down $0.18 during mid-day trading on Friday, reaching $41.74. 26,772,293 shares of the stock traded hands, compared to its average volume of 21,945,592. The business has a 50-day moving average of $24.77 and a two-hundred day moving average of $16.28. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $45.23.

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.