Corient Private Wealth LLC Has $6.75 Million Position in Oklo Inc. (NYSE:OKLO)

Corient Private Wealth LLC cut its stake in Oklo Inc. (NYSE:OKLO) by 49.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 317,947 shares of the company’s stock after selling 314,507 shares during the quarter. Corient Private Wealth LLC owned approximately 0.26% of Oklo worth $6,750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. HITE Hedge Asset Management LLC acquired a new position in Oklo in the 3rd quarter worth about $19,753,000. Van ECK Associates Corp acquired a new stake in shares of Oklo in the 4th quarter valued at $38,661,000. Atomi Financial Group Inc. bought a new stake in Oklo in the fourth quarter worth $19,285,000. TimesSquare Capital Management LLC bought a new stake in shares of Oklo during the 4th quarter worth about $17,104,000. Finally, Portland Investment Counsel Inc. acquired a new position in shares of Oklo during the 3rd quarter valued at about $6,493,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OKLO. Wedbush increased their price target on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, January 24th. B. Riley boosted their target price 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. Citigroup lifted their price objective 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 began coverage on Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Oklo currently has an average rating of “Moderate Buy” and an average target price of $44.50.

Oklo Trading Down 0.7 %

NYSE OKLO opened at $27.87 on Friday. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14. The firm has a 50-day simple moving average of $35.81 and a 200 day simple moving average of $23.62.

Insiders Place Their Bets

In other Oklo news, Director Richard Kinzley acquired 5,000 shares of Oklo stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $19.95 per share, with a total value of $99,750.00. Following the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 21.80% of the company’s stock.

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.