Central Asset Investments & Management Holdings HK Ltd Invests $1.21 Million in Oklo Inc. (NYSE:OKLO)

Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of Oklo Inc. (NYSE:OKLO) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 56,900 shares of the company’s stock, valued at approximately $1,208,000.

Other hedge funds have also added to or reduced their stakes in the company. HITE Hedge Asset Management LLC bought a new position in shares of Oklo in the 3rd quarter valued at about $19,753,000. Van ECK Associates Corp bought a new stake in shares of Oklo during the 4th quarter worth approximately $38,661,000. Atomi Financial Group Inc. bought a new stake in Oklo during the fourth quarter worth $19,285,000. TimesSquare Capital Management LLC acquired a new stake in Oklo in the fourth quarter valued at $17,104,000. Finally, Portland Investment Counsel Inc. bought a new position in shares of Oklo in the 3rd quarter valued at about $6,493,000. Institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OKLO. B. Riley boosted their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Wedbush increased their price objective 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. Citigroup lifted their target price on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Finally, Craig Hallum initiated coverage on shares of Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Oklo currently has an average rating of “Moderate Buy” and an average target price of $44.50.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.61, for a total value 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. The trade was a 1.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Kinzley acquired 5,000 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $19.95 per share, with a total value of $99,750.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,750. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company’s stock.

Oklo Price Performance

Shares of Oklo stock opened at $35.16 on Thursday. The firm has a 50-day moving average of $34.61 and a 200-day moving average of $21.40. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $59.14.

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.