Matauro LLC Buys Shares of 30,058 Oklo Inc. (NYSE:OKLO)

Matauro LLC bought a new stake in shares of Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 30,058 shares of the company’s stock, valued at approximately $638,000.

A number of other hedge funds have also added to or reduced their stakes in OKLO. Kozak & Associates Inc. purchased a new position in Oklo during the 4th quarter valued at about $57,000. Barclays PLC purchased a new position in Oklo during the 3rd quarter valued at about $58,000. Spire Wealth Management purchased a new position in Oklo during the 4th quarter valued at about $72,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Oklo during the third quarter worth about $94,000. Finally, Wolff Wiese Magana LLC purchased a new position in shares of Oklo during the fourth quarter worth about $99,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Stock Down 9.1 %

Shares of OKLO opened at $38.78 on Friday. The stock has a 50 day simple moving average of $33.70 and a two-hundred day simple moving average of $20.76. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $59.14.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup boosted their price objective on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. B. Riley boosted their price objective on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Wedbush boosted their price objective on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Craig Hallum began coverage on Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $44.50.

Insider Buying and Selling at Oklo

In related news, Director Richard Kinzley acquired 5,000 shares of the stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $99,750. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. 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.