Oklo Inc. (NYSE:OKLO) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its stake in shares of Oklo Inc. (NYSE:OKLOFree Report) by 2,386.7% in the fourth quarter, HoldingsChannel reports. The fund owned 9,325 shares of the company’s stock after buying an additional 8,950 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Oklo were worth $198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of OKLO. Anfield Capital Management LLC acquired a new stake in Oklo during the 4th quarter worth approximately $43,000. Kozak & Associates Inc. acquired a new stake in Oklo during the 4th quarter worth approximately $57,000. Barclays PLC acquired a new stake in Oklo during the 3rd quarter worth approximately $58,000. Spire Wealth Management acquired a new stake in Oklo during the 4th quarter worth approximately $72,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Oklo during the 3rd quarter worth approximately $94,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Trading Up 16.1 %

Oklo stock opened at $27.82 on Friday. The stock has a 50 day moving average of $35.85 and a 200-day moving average of $23.15. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. B. Riley increased their price objective on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Craig Hallum assumed coverage on shares of Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. Wedbush increased their price objective on shares of Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Citigroup increased their price objective 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Check Out Our Latest Report on OKLO

Insider Buying and Selling

In related news, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard Kinzley acquired 5,000 shares of Oklo stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $99,750. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by company insiders.

Oklo Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Oklo (NYSE:OKLO)

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