SBI Securities Co. Ltd. acquired a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,324 shares of the company's stock, valued at approximately $707,000.
A number of other hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new stake in shares of Oklo during the fourth quarter worth approximately $131,000. Anfield Capital Management LLC acquired a new stake in Oklo during the 4th quarter worth approximately $43,000. Versor Investments LP acquired a new position in Oklo in the 4th quarter valued at $263,000. Central Asset Investments & Management Holdings HK Ltd bought a new position in Oklo during the 4th quarter worth $1,208,000. Finally, ARK Investment Management LLC bought a new position in Oklo during the 4th quarter worth $9,645,000. 85.03% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
OKLO has been the topic of several research reports. Citigroup upped their price target on shares of Oklo from $10.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, January 8th. B. Riley increased their target price 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. Craig Hallum began coverage on shares of Oklo in a research report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target for the company. Finally, Wedbush increased their price target on Oklo from $26.00 to $45.00 and gave the stock 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 company's stock. According to MarketBeat.com, Oklo currently has an average rating of "Moderate Buy" and an average target price of $44.50.
View Our Latest Analysis on Oklo
Oklo Trading Up 1.1 %
Oklo stock traded up $0.29 during trading hours on Friday, reaching $26.26. 12,002,900 shares of the stock were exchanged, compared to its average volume of 19,356,682. The stock has a 50 day moving average of $35.54 and a two-hundred day moving average of $22.26. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14.
Insider Buying and Selling
In other Oklo news, Director Richard Kinzley bought 5,000 shares of the business's stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company's stock, valued at approximately $99,750. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the completion of the sale, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by company insiders.
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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