Geneos Wealth Management Inc. Acquires Shares of 29,621 Oklo Inc. (NYSE:OKLO)

Geneos Wealth Management Inc. purchased a new position in Oklo Inc. (NYSE:OKLO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 29,621 shares of the company's stock, valued at approximately $629,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. HITE Hedge Asset Management LLC bought a new stake in Oklo in the third quarter valued at $19,753,000. Atomi Financial Group Inc. acquired a new stake in shares of Oklo in the 4th quarter worth about $19,285,000. Portland Investment Counsel Inc. bought a new stake in Oklo in the 3rd quarter valued at about $6,493,000. Readystate Asset Management LP acquired a new position in Oklo during the 3rd quarter valued at about $6,193,000. Finally, Geode Capital Management LLC bought a new position in Oklo in the 3rd quarter worth about $5,971,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OKLO has been the topic of a number of recent analyst reports. Wedbush lifted their price target on Oklo from $26.00 to $45.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Citigroup lifted their target price on Oklo from $10.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, January 8th. Finally, Craig Hallum began coverage on Oklo in a research note on Tuesday. They issued a "buy" rating and a $44.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Oklo presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.50.

Oklo Price Performance

NYSE:OKLO traded down $0.18 during midday trading on Friday, hitting $41.74. 26,867,045 shares of the stock were exchanged, compared to its average volume of 18,891,070. Oklo Inc. has a one year low of $5.35 and a one year high of $45.23. The business has a 50-day moving average price of $25.10 and a two-hundred day moving average price of $16.51.

Insider Activity

In other news, CEO Jacob Dewitte sold 230,569 shares of Oklo 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 transaction, the chief executive officer now owns 12,543,085 shares of the company's stock, valued at $271,056,066.85. The trade was a 1.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard Kinzley bought 5,000 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $99,750. This 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 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.