Newbridge Financial Services Group Inc. Takes $175,000 Position in Oklo Inc. (NYSE:OKLO)

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

Other large investors have also bought and sold shares of the company. DRW Securities LLC bought a new stake in shares of Oklo during the third quarter valued at approximately $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Oklo during the 3rd quarter valued at $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. bought a new position in shares of Oklo in the third quarter valued at $6,493,000. Finally, Atom Investors LP bought a new position in shares of Oklo in the third quarter valued at $657,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Oklo Price Performance

Oklo stock opened at $55.25 on Monday. The company’s 50 day moving average price is $27.78 and its two-hundred day moving average price is $17.98. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14.

Insider Buying and Selling

In related news, Director Richard Kinzley purchased 5,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $99,750. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of Oklo 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 sale, 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 disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate 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.