Balboa Wealth Partners bought a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,800 shares of the company's stock, valued at approximately $548,000.
Other institutional investors have also made changes to their positions in the company. Anfield Capital Management LLC purchased a new position in Oklo during the 4th quarter valued at about $43,000. AlphaQuest LLC acquired a new position in shares of Oklo in the fourth quarter valued at approximately $45,000. Kozak & Associates Inc. purchased a new stake in Oklo during the 4th quarter worth approximately $57,000. Spire Wealth Management acquired a new stake in Oklo during the 4th quarter worth approximately $72,000. Finally, Wolff Wiese Magana LLC acquired a new stake in Oklo during the 4th quarter worth approximately $99,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Jacob Dewitte sold 230,569 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 12,543,085 shares of the company's stock, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Kinzley purchased 5,000 shares of the company's 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 purchase, the director now directly owns 5,000 shares in the company, 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 corporate insiders.
OKLO opened at $23.96 on Friday. Oklo Inc. has a one year low of $5.35 and a one year high of $59.14. The business's 50-day simple moving average is $35.84 and its 200-day simple moving average is $22.89.
OKLO has been the topic of a number of recent research reports. Citigroup upped their price objective on Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Craig Hallum initiated coverage on Oklo in a report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price target on the stock. Wedbush increased their price target on Oklo from $26.00 to $45.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Finally, B. Riley boosted their price objective on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $44.50.
Get Our Latest Stock Analysis on 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.
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