12,400 Shares in Oklo Inc. (NYSE:OKLO) Purchased by Versor Investments LP

Versor Investments LP acquired a new position in Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,400 shares of the company’s stock, valued at approximately $263,000.

Several other large investors also recently added to or reduced their stakes in OKLO. Kozak & Associates Inc. purchased a new stake in shares of Oklo in the fourth quarter valued at $57,000. Barclays PLC bought a new position in Oklo during the 3rd quarter valued at about $58,000. Spire Wealth Management purchased a new stake in Oklo in the 4th quarter worth about $72,000. Y Intercept Hong Kong Ltd bought a new stake in Oklo in the third quarter worth about $94,000. Finally, Wolff Wiese Magana LLC purchased a new position in shares of Oklo during the fourth quarter valued at approximately $99,000. 85.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OKLO has been the topic of several recent analyst reports. B. Riley increased their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Wedbush upped their price objective on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Citigroup lifted their target price on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Finally, Craig Hallum initiated coverage on shares of Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.50.

Oklo Stock Performance

Shares of Oklo stock opened at $29.38 on Tuesday. The stock’s fifty day moving average price is $35.22 and its 200-day moving average price is $22.01. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction 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 sale, the chief executive officer now owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard Kinzley bought 5,000 shares of the 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 completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $99,750. This 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 company insiders.

Oklo Company Profile

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.