Stephens Consulting LLC Acquires New Holdings in Oklo Inc. (NYSE:OKLO)

Stephens Consulting LLC purchased a new stake in shares of Oklo Inc. (NYSE:OKLO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,000 shares of the company’s stock, valued at approximately $127,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kozak & Associates Inc. bought a new stake in Oklo during the fourth quarter worth approximately $57,000. Spire Wealth Management purchased a new stake in Oklo in the 4th quarter worth about $72,000. Wolff Wiese Magana LLC purchased a new position in Oklo during the fourth quarter valued at approximately $99,000. Barclays PLC acquired a new position in Oklo in the 3rd quarter worth about $58,000. Finally, Foster Victor Wealth Advisors LLC acquired a new position in Oklo in the fourth quarter worth approximately $177,000. 85.03% of the stock is currently owned by institutional investors.

Oklo Trading Up 10.4 %

NYSE:OKLO opened at $45.96 on Tuesday. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $47.40. The business’s 50-day simple moving average is $25.10 and its 200-day simple moving average is $16.62.

Insider Activity at Oklo

In other news, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Kinzley purchased 5,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $99,750. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

OKLO has been the subject of several analyst reports. Wedbush boosted their target price on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Craig Hallum began coverage on Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price target for the company. Finally, Citigroup upped their target price on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Oklo has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

Oklo Company 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.