Foster Victor Wealth Advisors LLC Takes $177,000 Position in Oklo Inc. (NYSE:OKLO)

Foster Victor Wealth Advisors LLC acquired a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,353 shares of the company's stock, valued at approximately $177,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of OKLO. Legacy Bridge LLC acquired a new position in Oklo in the fourth quarter valued at about $765,000. Canal Insurance CO bought a new position in Oklo in the 4th quarter valued at about $637,000. Foundations Investment Advisors LLC acquired a new position in shares of Oklo in the 4th quarter valued at approximately $985,000. PFG Investments LLC bought a new stake in shares of Oklo during the 4th quarter worth approximately $971,000. Finally, Archford Capital Strategies LLC acquired a new stake in shares of Oklo during the 4th quarter worth approximately $212,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Oklo Stock Up 10.9 %

OKLO traded up $3.87 during midday trading on Thursday, hitting $39.17. 18,126,014 shares of the company were exchanged, compared to its average volume of 20,711,777. The firm's 50 day moving average price is $24.43 and its 200-day moving average price is $16.10. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $43.70.

Insider Transactions at Oklo

In other Oklo news, 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 sale, the chief executive officer now owns 12,543,085 shares of the company's stock, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Kinzley acquired 5,000 shares of the company'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 directly owns 5,000 shares in the company, valued at $99,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OKLO. Wedbush upped their target price on Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Craig Hallum assumed coverage on shares of Oklo in a report on Tuesday. They issued a "buy" rating and a $44.00 target price for the company. Finally, Citigroup upped 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Oklo has an average rating of "Moderate Buy" and an average target price of $32.50.

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.