SPX Gestao de Recursos Ltda Purchases New Position in Oklo Inc. (NYSE:OKLO)

SPX Gestao de Recursos Ltda purchased a new stake in shares of Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $2,123,000. SPX Gestao de Recursos Ltda owned about 0.08% of Oklo at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Anfield Capital Management LLC bought a new position in Oklo during the fourth quarter valued at approximately $43,000. AlphaQuest LLC bought a new stake in shares of Oklo in the 4th quarter valued at approximately $45,000. Kozak & Associates Inc. bought a new stake in shares of Oklo in the 4th quarter valued at approximately $57,000. Spire Wealth Management bought a new stake in shares of Oklo in the 4th quarter valued at approximately $72,000. Finally, Wolff Wiese Magana LLC bought a new stake in shares of Oklo in the 4th quarter valued at approximately $99,000. 85.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on OKLO. B. Riley raised their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Citigroup raised their price objective on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Wedbush raised their price objective on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Craig Hallum began coverage on Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. 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, Oklo currently has an average rating of “Moderate Buy” and a consensus price target of $44.50.

Insider Transactions at Oklo

In other Oklo 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 transaction of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard Kinzley acquired 5,000 shares of Oklo stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $99,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company’s stock.

Oklo Trading Down 9.6 %

Shares of NYSE OKLO opened at $23.74 on Tuesday. The business’s 50 day moving average price is $35.61 and its 200-day moving average price is $22.73. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $59.14.

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.