Sanctuary Advisors LLC Boosts Holdings in Oklo Inc. (NYSE:OKLO)

Sanctuary Advisors LLC lifted its stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) by 115.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,590 shares of the company's stock after acquiring an additional 14,272 shares during the quarter. Sanctuary Advisors LLC's holdings in Oklo were worth $565,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OKLO. Kozak & Associates Inc. purchased a new position in Oklo during the 4th quarter valued at about $57,000. Barclays PLC bought a new position in shares of Oklo during the third quarter valued at approximately $58,000. Spire Wealth Management purchased a new position in Oklo during the fourth quarter valued at approximately $72,000. Y Intercept Hong Kong Ltd bought a new position in Oklo in the third quarter worth approximately $94,000. Finally, Wolff Wiese Magana LLC bought a new position in Oklo in the fourth quarter worth approximately $99,000. Institutional investors own 85.03% of the company's stock.

Insiders Place Their Bets

In related news, Director Richard Kinzley acquired 5,000 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company's stock, valued at $99,750. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the firm'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 completion of the transaction, the chief executive officer now 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.

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Analysts Set New Price Targets

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

Oklo Stock Down 2.0 %

OKLO stock traded down $0.63 on Wednesday, hitting $30.29. 11,274,989 shares of the company's stock were exchanged, compared to its average volume of 19,682,688. The firm has a 50 day moving average price of $35.50 and a two-hundred day moving average price of $22.24. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14.

About Oklo

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.