Verity Asset Management Inc. Acquires Shares of 12,621 Oklo Inc. (NYSE:OKLO)

Verity Asset Management Inc. acquired a new stake in Oklo Inc. (NYSE:OKLO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,621 shares of the company’s stock, valued at approximately $268,000.

Several other large investors also recently bought and sold shares of OKLO. WJ Wealth Management LLC purchased a new stake in shares of Oklo in the fourth quarter valued at about $457,000. Vantage Point Financial LLC acquired a new position in shares of Oklo during the 4th quarter worth approximately $208,000. Spire Wealth Management acquired a new position in shares of Oklo during the 4th quarter worth approximately $72,000. Caprock Group LLC acquired a new position in shares of Oklo during the 4th quarter worth approximately $2,819,000. Finally, Strategic Planning Group LLC acquired a new position in shares of Oklo during the 4th quarter worth approximately $3,085,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Activity at Oklo

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

Oklo Stock Performance

NYSE:OKLO opened at $46.80 on Wednesday. The firm’s fifty day simple moving average is $25.56 and its 200 day simple moving average is $16.88. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $48.02.

Analyst Upgrades and Downgrades

OKLO has been the subject of several recent analyst reports. Craig Hallum initiated coverage on shares of Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price for the company. Citigroup lifted their target price on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Finally, Wedbush lifted their target price 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.50.

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.