Barclays PLC Takes $58,000 Position in Oklo Inc. (NYSE:OKLO)

Barclays PLC bought a new position in Oklo Inc. (NYSE:OKLO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,250 shares of the company’s stock, valued at approximately $58,000.

Other institutional investors have also recently bought and sold shares of the company. HITE Hedge Asset Management LLC acquired a new stake in shares of Oklo in the third quarter worth $19,753,000. Portland Investment Counsel Inc. acquired a new stake in Oklo in the 3rd quarter valued at $6,493,000. Readystate Asset Management LP purchased a new position in Oklo in the third quarter valued at about $6,193,000. State Street Corp acquired a new position in shares of Oklo during the third quarter worth about $2,889,000. Finally, Yaupon Capital Management LP purchased a new stake in shares of Oklo in the third quarter worth about $1,412,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on OKLO. B. Riley assumed coverage on shares of Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price objective for the company. Citigroup raised their price target on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Wedbush initiated coverage on shares of Oklo in a research report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price objective for the company.

Insider Buying and Selling at Oklo

In other Oklo news, Director Richard Kinzley purchased 5,000 shares of the business’s stock in a transaction dated 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 acquisition, the director now owns 5,000 shares in the company, valued at approximately $99,750. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $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.

Oklo Stock Performance

Shares of Oklo stock opened at $26.28 on Friday. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $31.91. The firm’s 50-day simple moving average is $22.29 and its 200-day simple moving average is $13.95.

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.