Sandy Spring Bank Purchases Shares of 1,509 Oklo Inc. (NYSE:OKLO)

Sandy Spring Bank purchased a new stake in shares of Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,509 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of OKLO. Anfield Capital Management LLC bought a new stake in shares of Oklo in the 4th quarter worth $43,000. AlphaQuest LLC bought a new stake in shares of Oklo in the 4th quarter worth $45,000. Kozak & Associates Inc. bought a new stake in shares of Oklo in the 4th quarter worth $57,000. Spire Wealth Management bought a new stake in shares of Oklo in the 4th quarter worth $72,000. Finally, Wolff Wiese Magana LLC bought a new stake in shares of Oklo in the 4th quarter worth $99,000. Institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on OKLO shares. Wedbush increased their price target on shares of Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Craig Hallum started coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target for the company. Citigroup increased their price target 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. Finally, B. Riley increased their price target on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Insider Buying and Selling at Oklo

In other Oklo news, Director Richard Kinzley acquired 5,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were acquired at an average cost of $19.95 per share, with a total value 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. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.80% of the company’s stock.

Oklo Stock Down 2.0 %

NYSE OKLO opened at $27.23 on Friday. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14. The firm’s 50-day simple moving average is $35.85 and its two-hundred day simple moving average is $23.89.

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.