Balboa Wealth Partners Acquires New Stake in Oklo Inc. (NYSE:OKLO)

Balboa Wealth Partners acquired a new position in shares of Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 25,800 shares of the company’s stock, valued at approximately $548,000.

Other hedge funds also recently made changes to their positions in the company. DRW Securities LLC purchased a new position in Oklo in the third quarter valued at about $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Oklo in the 3rd quarter valued at approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Oklo during the third quarter worth $104,000. Portland Investment Counsel Inc. purchased a new stake in Oklo during the third quarter worth $6,493,000. Finally, Atom Investors LP acquired a new stake in Oklo in the third quarter valued at $657,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insiders Place Their Bets

In other news, Director Richard Kinzley purchased 5,000 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the completion of 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 position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the completion of the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Oklo Stock Down 8.5 %

NYSE OKLO opened at $23.96 on Friday. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14. The company has a 50-day moving average of $35.84 and a 200-day moving average of $22.89.

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.