Versor Investments LP Makes New $263,000 Investment in Oklo Inc. (NYSE:OKLO)

Versor Investments LP acquired a new stake in Oklo Inc. (NYSE:OKLO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 12,400 shares of the company’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kozak & Associates Inc. acquired a new stake in Oklo in the 4th quarter valued at $57,000. Spire Wealth Management purchased a new position in Oklo during the fourth quarter valued at $72,000. Wolff Wiese Magana LLC purchased a new position in Oklo during the fourth quarter valued at $99,000. Stephens Consulting LLC acquired a new stake in shares of Oklo in the fourth quarter valued at about $127,000. Finally, Barclays PLC purchased a new stake in shares of Oklo during the third quarter worth about $58,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OKLO. Craig Hallum began coverage on shares of Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 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 research report on Wednesday, January 8th. B. Riley boosted their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Wedbush raised their price objective on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Oklo presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Insider Activity at Oklo

In other news, Director Richard Kinzley purchased 5,000 shares of the stock in a transaction dated 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 transaction, the director now owns 5,000 shares in the company, valued at $99,750. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

Oklo Price Performance

OKLO opened at $29.38 on Tuesday. The company’s 50 day simple moving average is $35.22 and its two-hundred day simple moving average is $22.01. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $59.14.

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.