Tcfg Wealth Management LLC Buys New Shares in Oklo Inc. (NYSE:OKLO)

Tcfg Wealth Management LLC bought a new stake in shares of Oklo Inc. (NYSE:OKLO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 21,200 shares of the company’s stock, valued at approximately $450,000.

A number of other large investors also recently modified their holdings of OKLO. DRW Securities LLC bought a new stake in Oklo in the 3rd quarter valued at $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Oklo in the 3rd quarter valued at $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Oklo in the 3rd quarter valued at $104,000. Portland Investment Counsel Inc. bought a new stake in Oklo in the 3rd quarter valued at $6,493,000. Finally, Atom Investors LP bought a new stake in Oklo in the 3rd quarter valued at $657,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard Kinzley purchased 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $99,750. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Oklo Stock Performance

Oklo stock opened at $52.56 on Friday. The company’s 50-day moving average price is $31.00 and its 200-day moving average price is $19.53. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14.

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.