Caprock Group LLC Buys Shares of 132,778 Oklo Inc. (NYSE:OKLO)

Caprock Group LLC bought a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 132,778 shares of the company's stock, valued at approximately $2,819,000. Caprock Group LLC owned approximately 0.11% of Oklo at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DRW Securities LLC acquired a new stake in Oklo in the third quarter valued at $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake 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 stake in Oklo during the third quarter valued at approximately $104,000. Portland Investment Counsel Inc. bought a new position in Oklo during the 3rd quarter worth approximately $6,493,000. Finally, Atom Investors LP acquired a new position in shares of Oklo in the 3rd quarter worth approximately $657,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction that occurred 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 directly owns 12,543,085 shares in the company, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard Kinzley bought 5,000 shares of the business's stock in a transaction on Monday, December 23rd. The stock was purchased 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 directly 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 disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company's stock.

Oklo Trading Up 7.8 %

NYSE:OKLO traded up $3.67 during mid-day trading on Wednesday, hitting $50.56. The stock had a trading volume of 26,682,084 shares, compared to its average volume of 22,579,666. The company has a 50 day simple moving average of $26.06 and a 200-day simple moving average of $17.15. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $52.45.

Wall Street Analyst Weigh In

OKLO has been the topic of several research analyst reports. Craig Hallum began coverage on Oklo in a research note on Tuesday, January 28th. They set a "buy" rating and a $44.00 price objective on the stock. Citigroup boosted their price objective on shares of Oklo from $10.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. Finally, Wedbush raised their target price on shares of Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.50.

About Oklo

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.