Foundations Investment Advisors LLC Purchases Shares of 46,407 Oklo Inc. (NYSE:OKLO)

Foundations Investment Advisors LLC acquired a new position in shares of Oklo Inc. (NYSE:OKLOFree 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

OKLO stock opened at $35.32 on Thursday. The company has a fifty day moving average of $24.14 and a 200-day moving average of $15.97. Oklo Inc. has a one year low of $5.35 and a one year high of $43.70.

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

(Free Report)

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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Institutional Ownership by Quarter for Oklo (NYSE:OKLO)

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