C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $240,000 Position in Oklo Inc. (NYSE:OKLO)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,284 shares of the company’s stock, valued at approximately $240,000.

Several other hedge funds have also recently made changes to their positions in the company. DRW Securities LLC purchased a new stake in shares of Oklo during the third quarter worth $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Oklo during the third quarter valued at about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Oklo in the third quarter worth about $104,000. Portland Investment Counsel Inc. purchased a new stake in Oklo in the 3rd quarter worth approximately $6,493,000. Finally, Atom Investors LP bought a new position in Oklo in the 3rd quarter valued at $657,000. 85.03% of the stock is currently owned by institutional investors.

Insider Activity at Oklo

In other news, Director Richard Kinzley bought 5,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $19.95 per share, for a total transaction of $99,750.00. Following 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the business’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 sale, the chief executive officer now owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is owned by company insiders.

Oklo Stock Up 1.2 %

Shares of NYSE OKLO opened at $55.05 on Friday. The firm’s fifty day moving average is $29.69 and its 200 day moving average is $18.90. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OKLO shares. Craig Hallum started coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price for the company. B. Riley lifted their price objective on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Citigroup increased their target price on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Finally, Wedbush increased their price objective on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.50.

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.