Joule Financial LLC Makes New Investment in Oklo Inc. (NYSE:OKLO)

Joule Financial LLC acquired a new position in Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 92,460 shares of the company’s stock, valued at approximately $1,963,000. Oklo makes up about 0.7% of Joule Financial LLC’s investment portfolio, making the stock its 24th biggest position. Joule Financial LLC owned about 0.08% of Oklo as of its most recent SEC filing.

A number of other large investors have also modified their holdings of OKLO. Hamilton Lane Advisors LLC acquired a new position in shares of Oklo in the 4th quarter valued at $2,182,000. Wolff Wiese Magana LLC acquired a new stake in shares of Oklo during the fourth quarter worth about $99,000. Sovereign Financial Group Inc. acquired a new position in Oklo in the 4th quarter worth approximately $461,000. West Oak Capital LLC acquired a new stake in Oklo during the 4th quarter valued at approximately $575,000. Finally, Kozak & Associates Inc. purchased a new stake in shares of Oklo in the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on OKLO. Citigroup boosted their target price on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Wedbush initiated coverage on shares of Oklo in a research note on Thursday, December 19th. They set an “outperform” rating and a $26.00 target price on the stock.

Oklo Price Performance

Shares of Oklo stock opened at $26.09 on Friday. The business has a 50 day simple moving average of $22.48 and a two-hundred day simple moving average of $14.59. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $31.91.

Insider Buying and Selling

In related news, Director Richard Kinzley bought 5,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $99,750. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $4,982,596.09. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is owned by company insiders.

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.