Stephens Consulting LLC Acquires New Holdings in Oklo Inc. (NYSE:OKLO)

Stephens Consulting LLC bought a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,000 shares of the company's stock, valued at approximately $127,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kozak & Associates Inc. purchased a new position in Oklo in the fourth quarter valued at $57,000. Spire Wealth Management purchased a new position in Oklo in the fourth quarter valued at $72,000. Wolff Wiese Magana LLC purchased a new position in Oklo in the fourth quarter valued at $99,000. Barclays PLC purchased a new position in Oklo in the third quarter valued at $58,000. Finally, Foster Victor Wealth Advisors LLC purchased a new position in Oklo in the fourth quarter valued at $177,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on OKLO. Citigroup lifted their price target on Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, January 8th. Craig Hallum began coverage on Oklo in a report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price target for the company. Finally, Wedbush lifted their price target on Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Oklo has an average rating of "Moderate Buy" and an average price target of $32.50.

Insider Activity

In related news, CEO Jacob Dewitte sold 230,569 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at $271,056,066.85. The trade was a 1.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard Kinzley purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $99,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company's stock.

Oklo Stock Up 6.3 %

Shares of Oklo stock traded up $2.96 on Wednesday, hitting $49.85. The stock had a trading volume of 21,163,994 shares, compared to its average volume of 22,281,494. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $52.45. The company's 50 day moving average price is $26.06 and its 200 day moving average price is $17.15.

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.