Private Advisor Group LLC Acquires New Position in Oklo Inc. (NYSE:OKLO)

Private Advisor Group LLC acquired a new stake in Oklo Inc. (NYSE:OKLO) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 133,729 shares of the company’s stock, valued at approximately $2,839,000. Private Advisor Group LLC owned 0.11% of Oklo as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kozak & Associates Inc. purchased a new position in Oklo in the fourth quarter valued at about $57,000. Spire Wealth Management acquired a new stake in shares of Oklo during the 4th quarter valued at about $72,000. Wolff Wiese Magana LLC bought a new stake in shares of Oklo in the 4th quarter valued at approximately $99,000. Stephens Consulting LLC acquired a new position in Oklo in the fourth quarter worth approximately $127,000. Finally, Barclays PLC acquired a new position in Oklo in the third quarter worth approximately $58,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on OKLO shares. Craig Hallum began coverage on shares of Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price for the company. Citigroup increased their target price on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Wedbush raised their target price on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, B. Riley upped their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Two 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, Oklo currently has an average rating of “Moderate Buy” and a consensus price target of $44.50.

Insider Activity

In other news, CEO Jacob Dewitte sold 230,569 shares of the company’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 of the company’s stock, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Kinzley purchased 5,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $99,750. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is owned by company insiders.

Oklo Stock Down 12.0 %

OKLO opened at $34.13 on Tuesday. The stock’s 50 day moving average price is $34.01 and its two-hundred day moving average price is $21.13. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14.

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.