Wolff Wiese Magana LLC Acquires New Position in Oklo Inc. (NYSE:OKLO)

Wolff Wiese Magana LLC bought a new position in shares of Oklo Inc. (NYSE:OKLO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,647 shares of the company’s stock, valued at approximately $99,000.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on OKLO shares. Wedbush assumed coverage on shares of Oklo in a research report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price target for the company. B. Riley initiated coverage on Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 target price on the stock. Finally, Citigroup lifted their price target on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th.

Insiders Place Their Bets

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was 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 approximately $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Kinzley purchased 5,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $19.95 per share, for a total transaction 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. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company’s stock.

Oklo Trading Up 10.2 %

NYSE OKLO opened at $25.13 on Wednesday. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $31.91. The company has a 50 day moving average price of $22.44 and a 200 day moving average price of $14.33.

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.