Newbridge Financial Services Group Inc. Acquires New Shares in Oklo Inc. (NYSE:OKLO)

Newbridge Financial Services Group Inc. bought a new position in Oklo Inc. (NYSE:OKLO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,250 shares of the company’s stock, valued at approximately $175,000.

Other hedge funds have also added to or reduced their stakes in the company. Windmill Hill Asset Management Ltd bought a new position in Oklo in the 4th quarter valued at $1,476,000. Financial Advocates Investment Management purchased a new stake in shares of Oklo in the fourth quarter worth $241,000. Stratos Wealth Partners LTD. bought a new stake in Oklo during the fourth quarter valued at $280,000. Stephens Consulting LLC purchased a new position in Oklo during the fourth quarter worth about $127,000. Finally, Verity Asset Management Inc. bought a new position in Oklo in the 4th quarter worth about $268,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Stock Performance

NYSE:OKLO opened at $55.25 on Monday. The business has a 50 day moving average of $27.78 and a 200 day moving average of $17.98. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 230,569 shares of the firm’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 transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Kinzley acquired 5,000 shares of the stock in a transaction 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 transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $99,750. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. B. Riley lifted their price target on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup lifted their target price 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 initiated coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price target on the stock. Finally, Wedbush lifted 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Oklo presently has an average rating of “Moderate Buy” and an average target price 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.