PFG Investments LLC Makes New $971,000 Investment in Oklo Inc. (NYSE:OKLO)

PFG Investments LLC purchased a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 45,715 shares of the company's stock, valued at approximately $971,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HITE Hedge Asset Management LLC acquired a new position in shares of Oklo during the 3rd quarter worth approximately $19,753,000. Atomi Financial Group Inc. bought a new stake in Oklo during the fourth quarter worth $19,285,000. Portland Investment Counsel Inc. acquired a new stake in Oklo in the third quarter valued at $6,493,000. Readystate Asset Management LP bought a new position in shares of Oklo in the 3rd quarter valued at about $6,193,000. Finally, Geode Capital Management LLC acquired a new position in shares of Oklo during the 3rd quarter worth about $5,971,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Insider Activity

In other Oklo news, Director Richard Kinzley bought 5,000 shares of Oklo stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $19.95 per share, with a total value of $99,750.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $99,750. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares of the company's stock, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company's stock.

Oklo Trading Down 0.4 %

NYSE:OKLO traded down $0.18 during trading hours on Friday, reaching $41.74. 26,867,045 shares of the company were exchanged, compared to its average volume of 18,891,070. The business has a 50 day moving average of $25.10 and a 200 day moving average of $16.51. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $45.23.

Analyst Ratings Changes

A number of equities analysts have weighed in on OKLO shares. Citigroup boosted their price target on Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Craig Hallum began coverage on Oklo in a research report on Tuesday. They set a "buy" rating and a $44.00 price objective on the stock. Finally, Wedbush boosted their target price on shares of Oklo from $26.00 to $45.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Oklo currently has a consensus rating of "Moderate Buy" and a consensus price target 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.