Exchange Traded Concepts LLC Takes $9.69 Million Position in Oklo Inc. (NYSE:OKLO)

Exchange Traded Concepts LLC bought a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 456,221 shares of the company's stock, valued at approximately $9,686,000. Exchange Traded Concepts LLC owned approximately 0.37% of Oklo as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wedbush boosted their target price on Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday. Citigroup boosted their price objective on shares of Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th.

Oklo Stock Performance

Shares of NYSE OKLO traded up $3.10 during midday trading on Friday, hitting $41.88. The stock had a trading volume of 36,720,116 shares, compared to its average volume of 18,258,182. The company has a fifty day moving average price of $23.21 and a 200 day moving average price of $15.27. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $43.70.

Insider Buying and Selling at Oklo

In other news, Director Richard Kinzley bought 5,000 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost 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 of the company's stock, valued at $99,750. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the business's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the completion of the transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at $271,056,066.85. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.

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.