Stephens Consulting LLC Invests $127,000 in Oklo Inc. (NYSE:OKLO)

Stephens Consulting LLC acquired a new stake in Oklo Inc. (NYSE:OKLO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,000 shares of the company’s stock, valued at approximately $127,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kozak & Associates Inc. purchased a new stake in Oklo during the fourth quarter worth about $57,000. Spire Wealth Management acquired a new stake in Oklo during the 4th quarter worth approximately $72,000. Wolff Wiese Magana LLC purchased a new position in Oklo in the 4th quarter valued at approximately $99,000. Barclays PLC purchased a new position in Oklo in the 3rd quarter valued at approximately $58,000. Finally, Foster Victor Wealth Advisors LLC purchased a new stake in shares of Oklo during the fourth quarter worth $177,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup lifted their target price on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Craig Hallum initiated coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Finally, Wedbush raised their target price on shares of Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Two equities research 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Insiders Place Their Bets

In other news, Director Richard Kinzley bought 5,000 shares of Oklo 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 owns 5,000 shares of the company’s stock, valued at $99,750. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction on 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 completion of 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 disclosure for this sale can be found here. 21.80% of the stock is currently owned by insiders.

Oklo Stock Performance

NYSE OKLO opened at $45.96 on Tuesday. Oklo Inc. has a one year low of $5.35 and a one year high of $47.40. The firm’s fifty day moving average is $25.10 and its two-hundred day moving average is $16.62.

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.