Geode Capital Management LLC Takes $5.97 Million Position in Oklo Inc. (NYSE:OKLO)

Geode Capital Management LLC purchased a new position in shares of Oklo Inc. (NYSE:OKLO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 737,704 shares of the company’s stock, valued at approximately $5,971,000. Geode Capital Management LLC owned 0.60% of Oklo at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Portland Investment Counsel Inc. bought a new stake in Oklo in the third quarter worth about $6,493,000. HITE Hedge Asset Management LLC purchased a new stake in shares of Oklo in the third quarter worth approximately $19,753,000. State Street Corp bought a new stake in shares of Oklo during the 3rd quarter worth approximately $2,889,000. DRW Securities LLC purchased a new position in Oklo during the 3rd quarter valued at $404,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Oklo in the 3rd quarter valued at $104,000. 85.03% of the stock is currently owned by institutional investors.

Insider Activity

In other Oklo news, 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 sale, the chief executive officer now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Kinzley purchased 5,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was bought 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 directly owns 5,000 shares in the company, valued at approximately $99,750. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company’s stock.

Oklo Stock Up 24.7 %

NYSE:OKLO opened at $27.25 on Friday. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $28.12. The company has a 50-day moving average of $21.94 and a 200 day moving average of $13.44.

Analyst Ratings Changes

Several research firms have recently weighed in on OKLO. B. Riley assumed coverage on Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 target price for the company. Wedbush assumed coverage on shares of Oklo in a report on Thursday, December 19th. They set an “outperform” rating and a $26.00 price objective for the company. Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research note on Friday, September 6th. Finally, Citigroup decreased their price target on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th.

Oklo 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.