West Oak Capital LLC Purchases New Position in Oklo Inc. (NYSE:OKLO)

West Oak Capital LLC acquired a new stake in Oklo Inc. (NYSE:OKLO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 27,090 shares of the company’s stock, valued at approximately $575,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. HITE Hedge Asset Management LLC acquired a new stake in Oklo in the 3rd quarter valued at $19,753,000. Portland Investment Counsel Inc. purchased a new stake in shares of Oklo during the third quarter worth about $6,493,000. Readystate Asset Management LP acquired a new position in shares of Oklo during the 3rd quarter worth about $6,193,000. Geode Capital Management LLC purchased a new position in Oklo in the 3rd quarter valued at about $5,971,000. Finally, State Street Corp acquired a new stake in Oklo in the 3rd quarter worth about $2,889,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on OKLO. B. Riley started coverage on Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 target price for the company. Citigroup raised their price objective on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Wedbush initiated coverage on shares of Oklo in a report on Thursday, December 19th. They set an “outperform” rating and a $26.00 target price for the company.

Insider Buying and Selling

In other news, Director Richard Kinzley bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of $19.95 per share, with a total value of $99,750.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $99,750. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. 21.80% of the stock is owned by company insiders.

Oklo Stock Down 3.1 %

NYSE:OKLO traded down $0.81 during trading hours on Friday, hitting $25.31. The company had a trading volume of 8,853,838 shares, compared to its average volume of 16,713,283. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $31.91. The company has a 50-day moving average of $22.29 and a 200 day moving average of $13.95.

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.