Legacy Bridge LLC Takes $765,000 Position in Oklo Inc. (NYSE:OKLO)

Legacy Bridge LLC purchased a new stake in shares of Oklo Inc. (NYSE:OKLO) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 36,055 shares of the company’s stock, valued at approximately $765,000.

Other large investors have also recently bought and sold shares of the company. DRW Securities LLC acquired a new position in Oklo in the 3rd quarter valued at approximately $404,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Oklo in the third quarter worth $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Oklo during the third quarter worth $104,000. Portland Investment Counsel Inc. acquired a new stake in Oklo during the third quarter valued at $6,493,000. Finally, Atom Investors LP purchased a new position in Oklo in the third quarter valued at about $657,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard Kinzley bought 5,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $99,750. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by insiders.

Oklo Stock Performance

NYSE OKLO opened at $31.09 on Tuesday. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $43.70. The stock’s 50-day moving average is $23.69 and its two-hundred day moving average is $15.62.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup raised their price target on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Wedbush lifted their target price on shares of Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday.

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.