10,000 Shares in Oklo Inc. (NYSE:OKLO) Acquired by Archford Capital Strategies LLC

Archford Capital Strategies LLC purchased a new stake in shares of Oklo Inc. (NYSE:OKLO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the company’s stock, valued at approximately $212,000.

A number of other large investors have also made changes to their positions in the company. HITE Hedge Asset Management LLC acquired a new position in shares of Oklo during the 3rd quarter valued at about $19,753,000. Atomi Financial Group Inc. bought a new stake in shares of Oklo in the 4th quarter worth about $19,285,000. Portland Investment Counsel Inc. bought a new stake in Oklo during the 3rd quarter worth about $6,493,000. Readystate Asset Management LP bought a new stake in Oklo during the 3rd quarter worth about $6,193,000. Finally, Geode Capital Management LLC acquired a new position in Oklo during the 3rd quarter valued at about $5,971,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Transactions at Oklo

In related news, Director Richard Kinzley purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $99,750. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the company’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 sale, the chief executive officer now 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. 21.80% of the stock is owned by insiders.

Analysts Set New Price Targets

OKLO has been the topic of a number of analyst reports. Wedbush increased their price target on shares of Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup raised their target price on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th.

Oklo Trading Up 8.0 %

Shares of OKLO stock opened at $41.88 on Monday. Oklo Inc. has a one year low of $5.35 and a one year high of $43.70. The business’s 50 day simple moving average is $23.69 and its 200 day simple moving average is $15.57.

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.