Silverleafe Capital Partners LLC Takes Position in Oklo Inc. (NYSE:OKLO)

Silverleafe Capital Partners LLC acquired a new position in shares of Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 26,930 shares of the company’s stock, valued at approximately $572,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Barclays PLC acquired a new position in shares of Oklo in the 3rd quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd bought a new stake in Oklo in the 3rd quarter valued at $94,000. Sanctuary Advisors LLC bought a new position in Oklo during the 3rd quarter worth about $100,000. Peapack Gladstone Financial Corp acquired a new stake in shares of Oklo in the 3rd quarter valued at about $100,000. Finally, MML Investors Services LLC bought a new stake in shares of Oklo in the third quarter valued at about $104,000. Institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Citigroup dropped their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Wedbush initiated coverage on shares of Oklo in a research report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 target price for the company. Finally, B. Riley initiated coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target on the stock.

Oklo Stock Performance

NYSE OKLO traded up $3.15 on Monday, hitting $30.40. 21,052,591 shares of the stock were exchanged, compared to its average volume of 17,811,645. The business’s fifty day moving average is $21.94 and its 200 day moving average is $13.49. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $31.66.

Insider Activity

In related news, Director Richard Kinzley acquired 5,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $99,750. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jacob Dewitte sold 230,569 shares of the company’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 transaction, the chief executive officer now directly owns 12,543,085 shares in the company, 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. 21.80% of the stock is owned by insiders.

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.