21,512 Shares in Oklo Inc. (NYSE:OKLO) Bought by WJ Wealth Management LLC

WJ Wealth Management LLC bought a new position in Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,512 shares of the company’s stock, valued at approximately $457,000.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OKLO shares. Citigroup raised their target price on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Wedbush increased their price objective on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Craig Hallum initiated coverage on shares of Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.50.

Oklo Stock Up 10.4 %

Shares of OKLO stock opened at $45.96 on Tuesday. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $47.40. The firm has a 50 day moving average of $25.10 and a 200-day moving average of $16.62.

Insider Activity

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the completion of the sale, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Kinzley acquired 5,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $99,750. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by company insiders.

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.