West Oak Capital LLC Takes Position in Oklo Inc. (NYSE:OKLO)

West Oak Capital LLC acquired a new stake in shares of Oklo Inc. (NYSE:OKLO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 27,090 shares of the company’s stock, valued at approximately $575,000.

A number of other large investors also recently bought and sold shares of the business. Kozak & Associates Inc. bought a new stake in Oklo during the 4th quarter valued at $57,000. Barclays PLC purchased a new stake in shares of Oklo during the 3rd quarter worth $58,000. Y Intercept Hong Kong Ltd bought a new stake in Oklo during the third quarter valued at about $94,000. Sanctuary Advisors LLC purchased a new position in Oklo in the third quarter valued at about $100,000. Finally, Peapack Gladstone Financial Corp bought a new position in Oklo in the third quarter worth about $100,000. Institutional investors own 85.03% of the company’s stock.

Oklo Stock Performance

Shares of Oklo stock traded down $0.81 during midday trading on Friday, hitting $25.31. The company had a trading volume of 8,853,838 shares, compared to its average volume of 16,713,283. The company has a fifty day simple moving average of $22.29 and a 200 day simple moving average of $13.95. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $31.91.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on OKLO shares. B. Riley started coverage on shares of Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price objective on the stock. Citigroup lifted their price target on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Wedbush initiated coverage on Oklo in a report on Thursday, December 19th. They set an “outperform” rating and a $26.00 price objective for the company.

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.