Anfield Capital Management LLC Purchases New Shares in Oklo Inc. (NYSE:OKLO)

Anfield Capital Management LLC acquired a new position in Oklo Inc. (NYSE:OKLO) in the 4th quarter, Holdings Channel reports. The firm acquired 2,014 shares of the company’s stock, valued at approximately $43,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. HITE Hedge Asset Management LLC bought a new position in Oklo in the third quarter worth about $19,753,000. Van ECK Associates Corp purchased a new position in shares of Oklo during the 4th quarter worth approximately $38,661,000. Atomi Financial Group Inc. purchased a new position in shares of Oklo during the 4th quarter worth approximately $19,285,000. TimesSquare Capital Management LLC bought a new position in shares of Oklo in the 4th quarter worth approximately $17,104,000. Finally, Portland Investment Counsel Inc. purchased a new position in shares of Oklo in the 3rd quarter valued at approximately $6,493,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Oklo Price Performance

Shares of OKLO stock opened at $33.41 on Friday. Oklo Inc. has a one year low of $5.35 and a one year high of $59.14. The company’s 50-day moving average is $35.08 and its 200 day moving average is $21.66.

Insider Transactions at Oklo

In other news, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard Kinzley acquired 5,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $99,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Oklo 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.