Matauro LLC Takes Position in Oklo Inc. (NYSE:OKLO)

Matauro LLC acquired a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 30,058 shares of the company's stock, valued at approximately $638,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kozak & Associates Inc. bought a new stake in shares of Oklo in the 4th quarter valued at $57,000. Barclays PLC bought a new stake in shares of Oklo in the third quarter worth about $58,000. Spire Wealth Management bought a new stake in shares of Oklo in the fourth quarter worth about $72,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Oklo during the third quarter worth about $94,000. Finally, Wolff Wiese Magana LLC bought a new position in shares of Oklo during the 4th quarter valued at about $99,000. 85.03% of the stock is owned by institutional investors.

Oklo Price Performance

Shares of NYSE:OKLO traded down $1.82 during midday trading on Tuesday, reaching $32.26. The company had a trading volume of 16,358,079 shares, compared to its average volume of 20,525,488. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14. The business's 50 day moving average price is $34.01 and its 200 day moving average price is $21.13.

Analyst Upgrades and Downgrades

Several brokerages have commented on OKLO. 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. Citigroup increased 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. B. Riley boosted their price objective on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Finally, Craig Hallum assumed coverage on Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

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Insider Buying and Selling at Oklo

In other news, Director Richard Kinzley acquired 5,000 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $19.95 per share, with a total value of $99,750.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $99,750. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 12,543,085 shares in the company, 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. Corporate insiders own 21.80% of the company's stock.

Oklo 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.