SBI Securities Co. Ltd. Invests $707,000 in Oklo Inc. (NYSE:OKLO)

SBI Securities Co. Ltd. bought a new stake in shares of Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,324 shares of the company’s stock, valued at approximately $707,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OKLO. HITE Hedge Asset Management LLC purchased a new position in Oklo during the 3rd quarter valued at $19,753,000. Van ECK Associates Corp purchased a new position in shares of Oklo during the fourth quarter valued at about $38,661,000. Atomi Financial Group Inc. bought a new position in Oklo in the fourth quarter worth about $19,285,000. TimesSquare Capital Management LLC purchased a new stake in Oklo in the fourth quarter worth about $17,104,000. Finally, Portland Investment Counsel Inc. purchased a new stake in Oklo in the third quarter worth about $6,493,000. Institutional investors own 85.03% of the company’s stock.

Insider Transactions at Oklo

In other news, Director Richard Kinzley acquired 5,000 shares of Oklo stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $99,750. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 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 represents 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 Price Performance

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wedbush increased their target price on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Craig Hallum began coverage on Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. B. Riley boosted their target price on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

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.