Point72 Asset Management L.P. acquired a new position in Oklo Inc. (NYSE:OKLO - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 126,451 shares of the company's stock, valued at approximately $1,023,000. Point72 Asset Management L.P. owned 0.10% of Oklo as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OKLO. HITE Hedge Asset Management LLC acquired a new stake in shares of Oklo during the 3rd quarter worth approximately $19,753,000. Portland Investment Counsel Inc. bought a new position in Oklo in the third quarter valued at approximately $6,493,000. Atom Investors LP acquired a new stake in Oklo during the 3rd quarter worth $657,000. DRW Securities LLC bought a new stake in shares of Oklo during the 3rd quarter valued at $404,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Oklo in the 3rd quarter valued at $135,000. 85.03% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on OKLO shares. Citigroup decreased their price objective on Oklo from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. B. Riley initiated coverage on Oklo in a research note on Thursday, September 19th. They issued a "buy" rating and a $10.00 price target for the company. Finally, Seaport Res Ptn raised shares of Oklo to a "hold" rating in a research note on Friday, September 6th.
Read Our Latest Stock Analysis on Oklo
Oklo Stock Performance
OKLO stock traded up $0.98 during midday trading on Wednesday, hitting $19.40. 6,949,466 shares of the company's stock were exchanged, compared to its average volume of 5,824,149. Oklo Inc. has a one year low of $5.35 and a one year high of $28.12. The stock's fifty day moving average price is $19.22 and its 200-day moving average price is $11.99.
About Oklo
(
Free Report)
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.
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