Private Advisor Group LLC Takes Position in Oklo Inc. (NYSE:OKLO)

Private Advisor Group LLC bought a new position in Oklo Inc. (NYSE:OKLO) in the fourth quarter, HoldingsChannel.com reports. The fund bought 133,729 shares of the company’s stock, valued at approximately $2,839,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Kozak & Associates Inc. acquired a new stake in shares of Oklo in the 4th quarter valued at $57,000. Spire Wealth Management bought a new position in Oklo during the 4th quarter valued at about $72,000. Wolff Wiese Magana LLC acquired a new position in Oklo in the fourth quarter valued at about $99,000. Stephens Consulting LLC bought a new stake in Oklo during the fourth quarter worth about $127,000. Finally, Barclays PLC acquired a new stake in shares of Oklo during the third quarter worth approximately $58,000. Institutional investors own 85.03% of the company’s stock.

Oklo Stock Down 12.0 %

OKLO opened at $34.13 on Tuesday. The company has a fifty day moving average price of $34.01 and a two-hundred day moving average price of $21.13. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14.

Analysts Set New Price Targets

Several brokerages have recently commented on OKLO. B. Riley boosted their target price on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Craig Hallum assumed coverage on Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective on the stock. Citigroup raised their target price on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Finally, Wedbush lifted their price target on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Insider Buying and Selling

In other news, Director Richard Kinzley acquired 5,000 shares of Oklo stock in a transaction that occurred on Monday, December 23rd. The shares were acquired 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 $99,750. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is owned by 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.