Strategic Planning Group LLC Acquires Shares of 145,313 Oklo Inc. (NYSE:OKLO)

Strategic Planning Group LLC acquired a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 145,313 shares of the company's stock, valued at approximately $3,085,000. Strategic Planning Group LLC owned about 0.12% of Oklo at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kozak & Associates Inc. bought a new stake in shares of Oklo during the 4th quarter valued at $57,000. Wolff Wiese Magana LLC bought a new stake in Oklo during the fourth quarter valued at about $99,000. Barclays PLC purchased a new stake in Oklo in the third quarter worth about $58,000. Foster Victor Wealth Advisors LLC bought a new position in shares of Oklo in the fourth quarter worth about $177,000. Finally, Archford Capital Strategies LLC purchased a new position in shares of Oklo during the 4th quarter valued at about $212,000. 85.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on OKLO. Citigroup lifted their price target on shares of Oklo from $10.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, January 8th. Craig Hallum assumed coverage on Oklo in a research report on Tuesday. They issued a "buy" rating and a $44.00 target price on the stock. Finally, Wedbush raised 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.50.

Oklo Price Performance

Shares of OKLO stock traded up $6.66 during mid-day trading on Thursday, hitting $41.96. The stock had a trading volume of 34,048,977 shares, compared to its average volume of 21,674,396. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $43.70. The firm's 50-day moving average is $24.43 and its two-hundred day moving average is $16.10.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the company's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the transaction, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard Kinzley acquired 5,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $19.95 per share, with a total value 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 position. The disclosure for this purchase can be found here. 21.80% of the stock is owned by insiders.

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.