C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires New Stake in Oklo Inc. (NYSE:OKLO)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Oklo Inc. (NYSE:OKLO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,284 shares of the company’s stock, valued at approximately $240,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Portland Investment Counsel Inc. acquired a new position in Oklo in the 3rd quarter valued at $6,493,000. HITE Hedge Asset Management LLC acquired a new stake in shares of Oklo in the 3rd quarter worth $19,753,000. Atomi Financial Group Inc. acquired a new stake in shares of Oklo in the 4th quarter worth $19,285,000. Archford Capital Strategies LLC acquired a new stake in shares of Oklo in the 4th quarter worth $212,000. Finally, Barclays PLC acquired a new stake in shares of Oklo in the 3rd quarter worth $58,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Stock Performance

Shares of Oklo stock opened at $42.69 on Friday. The business has a 50-day moving average of $33.30 and a 200 day moving average of $20.54. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $59.14.

Analyst Ratings Changes

A number of analysts have issued reports on OKLO shares. Wedbush raised their target price on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Craig Hallum started coverage on Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price for the company. B. Riley increased their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Citigroup increased their price target on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Insider Activity at Oklo

In other news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction dated 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 transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Kinzley acquired 5,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $19.95 per share, with a total value of $99,750.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $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.