Foundations Investment Advisors LLC acquired a new position in shares of Oklo Inc. (NYSE:OKLO – Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 46,407 shares of the company’s stock, valued at approximately $985,000.
Other hedge funds have also made changes to their positions in the company. Portland Investment Counsel Inc. acquired a new stake in shares of Oklo during the third quarter worth about $6,493,000. HITE Hedge Asset Management LLC acquired a new position in Oklo during the third quarter worth approximately $19,753,000. Atomi Financial Group Inc. acquired a new position in Oklo during the fourth quarter worth approximately $19,285,000. Archford Capital Strategies LLC purchased a new stake in Oklo in the fourth quarter valued at approximately $212,000. Finally, Barclays PLC acquired a new stake in shares of Oklo in the third quarter valued at approximately $58,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.
Insider Buying and Selling at Oklo
In other news, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction 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 directly owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This represents a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard Kinzley acquired 5,000 shares of Oklo stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of $19.95 per share, with a total value of $99,750.00. Following 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 disclosure for this purchase can be found here. 21.80% of the stock is owned by corporate insiders.
Oklo Stock Performance
Wall Street Analyst Weigh In
Several analysts recently commented on OKLO shares. 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 report on Wednesday, January 8th. Wedbush upped their target price on shares of Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Craig Hallum started coverage on Oklo in a report on Tuesday. They set a “buy” rating and a $44.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.50.
Read Our Latest Stock Analysis on OKLO
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.
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