133,729 Shares in Oklo Inc. (NYSE:OKLO) Purchased by Private Advisor Group LLC

Private Advisor Group LLC acquired a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 133,729 shares of the company's stock, valued at approximately $2,839,000. Private Advisor Group LLC owned approximately 0.11% of Oklo at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kozak & Associates Inc. purchased a new position in Oklo during the fourth quarter valued at $57,000. Spire Wealth Management purchased a new stake in Oklo in the 4th quarter worth $72,000. Wolff Wiese Magana LLC bought a new position in shares of Oklo during the 4th quarter valued at about $99,000. Stephens Consulting LLC purchased a new position in shares of Oklo during the fourth quarter valued at about $127,000. Finally, Barclays PLC bought a new stake in shares of Oklo in the third quarter worth about $58,000. Institutional investors own 85.03% of the company's stock.

Oklo Stock Performance

Shares of OKLO traded up $1.02 during midday trading on Friday, hitting $33.41. 13,339,632 shares of the company's stock traded hands, compared to its average volume of 20,223,311. The firm's fifty day moving average is $34.84 and its 200-day moving average is $21.48. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $59.14.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup increased their target price on Oklo from $10.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. B. Riley boosted their target price on shares of Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Wedbush increased their price target on shares of Oklo from $26.00 to $45.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Finally, Craig Hallum started coverage on Oklo in a research report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Oklo currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

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Insider Buying and Selling

In other Oklo news, Director Richard Kinzley acquired 5,000 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $19.95 per share, with a total value of $99,750.00. Following the acquisition, the director now directly owns 5,000 shares of the company's stock, valued at approximately $99,750. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jacob Dewitte sold 230,569 shares of the business'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 transaction, the chief executive officer now owns 12,543,085 shares of the company's stock, valued at $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by company 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.