12,318 Shares in Oklo Inc. (NYSE:OKLO) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake 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 acquired 12,318 shares of the company’s stock, valued at approximately $100,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. HITE Hedge Asset Management LLC purchased a new position in shares of Oklo in the third quarter valued at approximately $19,753,000. Portland Investment Counsel Inc. purchased a new position in Oklo in the 3rd quarter valued at $6,493,000. Readystate Asset Management LP acquired a new stake in Oklo during the 3rd quarter worth $6,193,000. Geode Capital Management LLC purchased a new stake in shares of Oklo during the third quarter worth $5,971,000. Finally, State Street Corp acquired a new stake in shares of Oklo in the third quarter valued at about $2,889,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Richard Kinzley purchased 5,000 shares of Oklo stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $19.95 per share, with a total value of $99,750.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,750. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is owned by insiders.

Analysts Set New Price Targets

OKLO has been the subject of several research reports. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research note on Friday, September 6th. Wedbush assumed coverage on Oklo in a research report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price target for the company. B. Riley assumed coverage on Oklo in a report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target for the company. Finally, Citigroup lowered their price objective on 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

Shares of NYSE OKLO opened at $23.65 on Tuesday. The company has a 50 day simple moving average of $21.61 and a 200-day simple moving average of $13.02. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $28.12.

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.