Atom Investors LP Invests $657,000 in Oklo Inc. (NYSE:OKLO)

Atom Investors LP purchased a new position in Oklo Inc. (NYSE:OKLO) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 81,251 shares of the company’s stock, valued at approximately $657,000. Atom Investors LP owned about 0.07% of Oklo at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Oklo in the third quarter worth approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Oklo during the third quarter valued at $135,000. DRW Securities LLC purchased a new stake in shares of Oklo during the third quarter valued at $404,000. Finally, Portland Investment Counsel Inc. bought a new stake in Oklo in the 3rd quarter worth about $6,493,000. Institutional investors own 85.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. B. Riley began coverage on shares of Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target for the company. Seaport Res Ptn upgraded Oklo to a “hold” rating in a research note on Friday, September 6th. Finally, Citigroup reduced their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th.

Oklo Stock Down 9.4 %

Shares of OKLO stock opened at $20.13 on Wednesday. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $28.12. The company has a 50 day simple moving average of $18.05 and a two-hundred day simple moving average of $11.56.

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.