Stratos Wealth Partners LTD. Invests $280,000 in Oklo Inc. (NYSE:OKLO)

Stratos Wealth Partners LTD. purchased a new position in Oklo Inc. (NYSE:OKLO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,185 shares of the company’s stock, valued at approximately $280,000.

Several other large investors also recently bought and sold shares of the business. Portland Investment Counsel Inc. purchased a new stake in shares of Oklo in the third quarter valued at about $6,493,000. HITE Hedge Asset Management LLC acquired a new position in Oklo in the 3rd quarter valued at about $19,753,000. Atomi Financial Group Inc. purchased a new stake in shares of Oklo in the 4th quarter valued at approximately $19,285,000. Archford Capital Strategies LLC acquired a new stake in shares of Oklo during the 4th quarter worth approximately $212,000. Finally, Barclays PLC purchased a new stake in shares of Oklo during the 3rd quarter valued at approximately $58,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard Kinzley bought 5,000 shares of Oklo stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of $19.95 per share, with a total value of $99,750.00. Following the purchase, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction dated 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 approximately $271,056,066.85. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on OKLO shares. Wedbush increased their price objective on shares of Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. B. Riley lifted their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Citigroup increased their target price on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Finally, Craig Hallum initiated coverage on Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Oklo currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Oklo Stock Performance

Oklo stock opened at $55.05 on Friday. The business has a 50 day simple moving average of $29.69 and a 200-day simple moving average of $18.90. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14.

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.