92,460 Shares in Oklo Inc. (NYSE:OKLO) Purchased by Joule Financial LLC

Joule Financial LLC bought a new stake in Oklo Inc. (NYSE:OKLO) during the 4th quarter, Holdings Channel reports. The firm bought 92,460 shares of the company’s stock, valued at approximately $1,963,000. Oklo accounts for about 0.7% of Joule Financial LLC’s portfolio, making the stock its 24th largest holding.

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

Oklo Stock Performance

NYSE:OKLO opened at $26.09 on Friday. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $31.91. The company has a fifty day simple moving average of $22.48 and a two-hundred day simple moving average of $14.59.

Analysts Set New Price Targets

A number of research firms have commented on OKLO. Wedbush assumed coverage on Oklo in a research note on Thursday, December 19th. They set an “outperform” rating and a $26.00 price target on the stock. Citigroup raised their target price on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th.

Insider Buying and Selling

In other Oklo news, Director Richard Kinzley bought 5,000 shares of the company’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 completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $99,750. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction dated 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 directly 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 currently owned by insiders.

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.