Strategic Blueprint LLC Acquires New Position in Oklo Inc. (NYSE:OKLO)

Strategic Blueprint LLC purchased a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,258 shares of the company's stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OKLO. HITE Hedge Asset Management LLC bought a new stake in shares of Oklo in the third quarter valued at approximately $19,753,000. Atomi Financial Group Inc. bought a new stake in shares of Oklo in the fourth quarter valued at approximately $19,285,000. Portland Investment Counsel Inc. bought a new stake in Oklo during the 3rd quarter worth approximately $6,493,000. Readystate Asset Management LP bought a new stake in Oklo during the 3rd quarter worth approximately $6,193,000. Finally, Geode Capital Management LLC bought a new stake in Oklo during the 3rd quarter worth approximately $5,971,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Stock Up 7.8 %

NYSE OKLO traded up $3.67 during trading on Wednesday, hitting $50.56. The company had a trading volume of 26,682,084 shares, compared to its average volume of 22,579,666. Oklo Inc. has a one year low of $5.35 and a one year high of $52.45. The company's fifty day moving average is $26.06 and its 200-day moving average is $17.15.

Analyst Upgrades and Downgrades

OKLO has been the topic of a number of analyst reports. Wedbush upped their target price on shares of Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Citigroup upped their price objective 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. Finally, Craig Hallum started coverage on shares of Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Oklo currently has an average rating of "Moderate Buy" and a consensus price target of $32.50.

Insiders Place Their Bets

In other Oklo news, Director Richard Kinzley purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $99,750. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction 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 approximately $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.80% of the company's stock.

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.