Prestige Wealth Management Group LLC Takes $360,000 Position in Oklo Inc. (NYSE:OKLO)

Prestige Wealth Management Group LLC purchased a new stake in Oklo Inc. (NYSE:OKLO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,953 shares of the company’s stock, valued at approximately $360,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Portland Investment Counsel Inc. bought a new stake in shares of Oklo during the 3rd quarter worth approximately $6,493,000. HITE Hedge Asset Management LLC acquired a new position in shares of Oklo in the third quarter worth approximately $19,753,000. Atomi Financial Group Inc. acquired a new stake in shares of Oklo during the fourth quarter worth $19,285,000. Archford Capital Strategies LLC bought a new position in shares of Oklo in the 4th quarter worth about $212,000. Finally, Barclays PLC acquired a new position in Oklo in the third quarter valued at approximately $58,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Price Performance

OKLO stock opened at $31.16 on Tuesday. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $59.14. The firm has a 50-day moving average of $36.01 and a 200 day moving average of $24.20.

Analysts Set New Price Targets

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

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.