56,900 Shares in Oklo Inc. (NYSE:OKLO) Acquired by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Oklo Inc. (NYSE:OKLO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 56,900 shares of the company’s stock, valued at approximately $1,208,000.

A number of other large investors have also recently bought and sold shares of the stock. Kozak & Associates Inc. bought a new stake in shares of Oklo in the 4th quarter worth about $57,000. Spire Wealth Management bought a new position in shares of Oklo in the fourth quarter valued at approximately $72,000. Wolff Wiese Magana LLC acquired a new position in Oklo in the fourth quarter worth $99,000. Stephens Consulting LLC acquired a new position in Oklo in the fourth quarter worth $127,000. Finally, Barclays PLC bought a new stake in shares of Oklo during the third quarter worth $58,000. 85.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Oklo Price Performance

NYSE:OKLO opened at $35.16 on Thursday. The business’s 50-day moving average price is $34.61 and its two-hundred day moving average price is $21.40. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction dated Friday, December 20th. The stock was 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 directly owns 12,543,085 shares in the company, valued at $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Kinzley acquired 5,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were acquired 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 in the company, valued at $99,750. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.