Readystate Asset Management LP purchased a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 765,553 shares of the company's stock, valued at approximately $6,193,000. Readystate Asset Management LP owned about 0.63% of Oklo at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in OKLO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Oklo during the 3rd quarter valued at $104,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Oklo during the 3rd quarter worth $135,000. DRW Securities LLC purchased a new position in shares of Oklo in the 3rd quarter worth about $404,000. Atom Investors LP purchased a new position in shares of Oklo in the 3rd quarter worth about $657,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Oklo in the 3rd quarter worth about $1,023,000. Institutional investors own 85.03% of the company's stock.
Oklo Stock Performance
Oklo stock traded up $0.02 during midday trading on Thursday, reaching $20.36. 5,258,513 shares of the stock were exchanged, compared to its average volume of 5,754,354. The company's fifty day moving average is $18.29 and its 200-day moving average is $11.63. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $28.12.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on OKLO shares. Citigroup reduced their target price on shares of Oklo from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. Seaport Res Ptn upgraded shares of Oklo to a "hold" rating in a research note on Friday, September 6th. Finally, B. Riley began coverage on shares of Oklo in a research note on Thursday, September 19th. They set a "buy" rating and a $10.00 price target on the stock.
Read Our Latest Research Report on Oklo
Oklo Profile
(
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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