Sandy Spring Bank Invests $32,000 in Oklo Inc. (NYSE:OKLO)

Sandy Spring Bank purchased a new position in Oklo Inc. (NYSE:OKLO) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,509 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC bought a new position in shares of Oklo in the fourth quarter worth approximately $180,000. Commonwealth Equity Services LLC bought a new position in Oklo during the fourth quarter valued at approximately $877,000. Balboa Wealth Partners bought a new position in Oklo during the fourth quarter valued at approximately $548,000. Swiss National Bank bought a new position in Oklo during the fourth quarter valued at approximately $1,265,000. Finally, Farther Finance Advisors LLC bought a new position in Oklo during the fourth quarter valued at approximately $416,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Stock Performance

Shares of Oklo stock 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 company’s 50 day moving average price is $35.85 and its 200-day moving average price is $23.89.

Insider Transactions at Oklo

In other news, Director Richard Kinzley bought 5,000 shares of the business’s stock in a transaction dated 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 approximately $99,750. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 21.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. 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. 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. 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. Finally, 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 on the stock. Two investment 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 company presently has an average rating of “Moderate Buy” and an average price target of $44.50.

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.