357,108 Shares in Oklo Inc. (NYSE:OKLO) Purchased by State Street Corp

State Street Corp purchased a new stake in Oklo Inc. (NYSE:OKLO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 357,108 shares of the company’s stock, valued at approximately $2,889,000.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OKLO. B. Riley began coverage on shares of Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price objective on the stock. Wedbush began coverage on shares of Oklo in a report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price target on the stock. Citigroup reduced their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, Seaport Res Ptn upgraded Oklo to a “hold” rating in a research note on Friday, September 6th.

Insiders Place Their Bets

In other Oklo news, Director Richard Kinzley bought 5,000 shares of Oklo stock in a transaction on Monday, December 23rd. The shares were purchased at an average price 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 $99,750. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, 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. Corporate insiders own 21.80% of the company’s stock.

Oklo Stock Performance

Shares of NYSE:OKLO opened at $21.23 on Wednesday. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $28.12. The company’s 50 day moving average price is $21.64 and its two-hundred day moving average price is $13.20.

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.