UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys New Shares in Oklo Inc. (NYSE:OKLO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Oklo Inc. (NYSE:OKLO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,881 shares of the company’s stock, valued at approximately $104,000.

Separately, DRW Securities LLC acquired a new stake in shares of Oklo in the 3rd quarter valued at about $404,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Oklo Stock Performance

OKLO stock opened at $21.52 on Friday. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $28.12. The stock’s 50 day moving average is $20.73 and its 200-day moving average is $12.50.

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.