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 fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,014 shares of the company’s stock, valued at approximately $43,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC purchased a new position in shares of Oklo in the 3rd quarter worth approximately $19,753,000. Van ECK Associates Corp purchased a new position in Oklo in the fourth quarter worth $38,661,000. Atomi Financial Group Inc. bought a new position in Oklo in the 4th quarter valued at $19,285,000. TimesSquare Capital Management LLC bought a new position in Oklo in the 4th quarter valued at $17,104,000. Finally, Portland Investment Counsel Inc. purchased a new stake in shares of Oklo during the 3rd quarter valued at $6,493,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OKLO shares. Citigroup upped their price objective on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Wedbush lifted their price objective on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. B. Riley boosted 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. Finally, Craig Hallum assumed coverage on Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.50.

Oklo Trading Up 3.1 %

Shares of NYSE:OKLO opened at $33.41 on Friday. The company’s fifty day moving average is $35.08 and its 200 day moving average is $21.66. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14.

Insider Activity

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 acquired 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. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the business’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 completion of the transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at $271,056,066.85. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

About Oklo

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.