Oklo Inc. (NYSE:OKLO) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its stake in shares of Oklo Inc. (NYSE:OKLO) by 2,386.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,325 shares of the company’s stock after purchasing an additional 8,950 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Oklo were worth $198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in shares of Oklo during the 4th quarter worth $707,000. Jones Financial Companies Lllp acquired a new position in shares of Oklo during the 4th quarter worth $131,000. Anfield Capital Management LLC acquired a new position in shares of Oklo during the 4th quarter worth $43,000. Versor Investments LP acquired a new position in shares of Oklo during the 4th quarter worth $263,000. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Oklo during the 4th quarter worth $1,208,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oklo

In related news, Director Richard Kinzley acquired 5,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $19.95 per share, with a total value of $99,750.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $99,750. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were 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 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 owned by insiders.

Oklo Stock Performance

NYSE:OKLO opened at $27.82 on Friday. The company’s 50-day moving average is $35.85 and its two-hundred day moving average is $23.15. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14.

Analyst Upgrades and Downgrades

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

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.