SBI Securities Co. Ltd. Buys Shares of 33,324 Oklo Inc. (NYSE:OKLO)

SBI Securities Co. Ltd. purchased a new position in Oklo Inc. (NYSE:OKLO) in the fourth quarter, Holdings Channel.com reports. The firm purchased 33,324 shares of the company’s stock, valued at approximately $707,000.

Several other hedge funds have also recently made changes to their positions in the stock. Jones Financial Companies Lllp purchased a new stake in Oklo in the fourth quarter worth approximately $131,000. Anfield Capital Management LLC bought a new position in shares of Oklo during the 4th quarter valued at $43,000. Versor Investments LP purchased a new position in shares of Oklo in the 4th quarter worth $263,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Oklo in the fourth quarter worth $1,208,000. Finally, ARK Investment Management LLC purchased a new stake in Oklo during the fourth quarter valued at $9,645,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on OKLO shares. Craig Hallum assumed coverage on Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price on the stock. B. Riley raised their price objective on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Wedbush boosted their target price 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 target 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.50.

Oklo Stock Down 12.0 %

NYSE OKLO opened at $29.38 on Tuesday. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14. The stock’s 50-day moving average price is $35.22 and its 200-day moving average price is $22.01.

Insider Buying and Selling

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 cost of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the transaction, the director now directly 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 legal filing with the SEC, which is available through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the 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 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. This trade represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by insiders.

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.