PFG Investments LLC Invests $971,000 in Oklo Inc. (NYSE:OKLO)

PFG Investments LLC acquired a new position in shares of Oklo Inc. (NYSE:OKLO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,715 shares of the company’s stock, valued at approximately $971,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. HITE Hedge Asset Management LLC purchased a new stake in Oklo in the third quarter worth approximately $19,753,000. Atomi Financial Group Inc. purchased a new stake in Oklo in the fourth quarter worth approximately $19,285,000. Portland Investment Counsel Inc. purchased a new stake in Oklo in the third quarter worth approximately $6,493,000. Readystate Asset Management LP purchased a new stake in Oklo in the third quarter worth approximately $6,193,000. Finally, Geode Capital Management LLC purchased a new stake in Oklo in the third quarter worth approximately $5,971,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Insider Buying and Selling

In related 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard Kinzley purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of $19.95 per share, with a total value of $99,750.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $99,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

OKLO has been the subject of several research reports. Citigroup upped their target price on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Wedbush boosted 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. Finally, Craig Hallum started coverage on Oklo in a research report on Tuesday. They issued a “buy” rating and a $44.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

Oklo Trading Up 9.4 %

Shares of OKLO stock opened at $34.03 on Wednesday. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $43.70. The stock has a 50 day moving average price of $23.90 and a two-hundred day moving average price of $15.79.

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.