MML Investors Services LLC Purchases Shares of 12,850 Oklo Inc. (NYSE:OKLO)

MML Investors Services LLC acquired a new position in shares of Oklo Inc. (NYSE:OKLO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,850 shares of the company’s stock, valued at approximately $104,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OKLO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Oklo during the third quarter worth about $104,000. Stifel Financial Corp acquired a new position in shares of Oklo during the 3rd quarter worth approximately $104,000. National Bank of Canada FI acquired a new position in shares of Oklo during the 3rd quarter worth approximately $105,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Oklo during the third quarter worth approximately $135,000. Finally, DRW Securities LLC acquired a new stake in shares of Oklo in the third quarter valued at approximately $404,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Activity

In related news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following 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 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 the stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $19.95 per share, with a total value of $99,750.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $99,750. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company’s stock.

Wall Street Analysts Forecast Growth

OKLO has been the topic of a number of analyst reports. Seaport Res Ptn raised Oklo to a “hold” rating in a research report on Friday, September 6th. Citigroup reduced their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Wedbush initiated coverage on Oklo in a research note on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price target for the company. Finally, B. Riley started coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective for the company.

Oklo Stock Performance

Shares of OKLO opened at $22.78 on Friday. The firm has a 50 day simple moving average of $21.61 and a two-hundred day simple moving average of $12.98. Oklo Inc. has a one year low of $5.35 and a one year high of $28.12.

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.