908,390 Shares in Oklo Inc. (NYSE:OKLO) Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. bought a new stake in Oklo Inc. (NYSE:OKLO) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 908,390 shares of the company’s stock, valued at approximately $19,285,000. Oklo makes up about 1.0% of Atomi Financial Group Inc.’s investment portfolio, making the stock its 24th biggest position.

Several other hedge funds also recently bought and sold shares of the stock. Kozak & Associates Inc. acquired a new stake in shares of Oklo in the fourth quarter valued at $57,000. Wolff Wiese Magana LLC purchased a new stake in Oklo during the fourth quarter worth about $99,000. Barclays PLC acquired a new stake in shares of Oklo during the third quarter worth about $58,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Oklo in the third quarter valued at approximately $94,000. Finally, Peapack Gladstone Financial Corp purchased a new position in shares of Oklo in the third quarter valued at approximately $100,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Price Performance

Shares of Oklo stock opened at $26.09 on Tuesday. The business has a 50-day simple moving average of $22.52 and a 200-day simple moving average of $14.81. Oklo Inc. has a one year low of $5.35 and a one year high of $31.91.

Insider Buying and Selling

In other Oklo news, Director Richard Kinzley acquired 5,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $99,750. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OKLO shares. Wedbush started coverage on shares of Oklo in a research note on Thursday, December 19th. They set an “outperform” rating and a $26.00 target price on the stock. Citigroup upped their price objective on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th.

Oklo 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.