6,193 Shares in Oklo Inc. (NYSE:OKLO) Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp acquired a new position in shares of Oklo Inc. (NYSE:OKLO) during the fourth quarter, Holdings Channel.com reports. The fund acquired 6,193 shares of the company’s stock, valued at approximately $131,000.

Other institutional investors have also added to or reduced their stakes in the company. Anfield Capital Management LLC bought a new position in Oklo in the 4th quarter worth about $43,000. Kozak & Associates Inc. bought a new position in Oklo in the 4th quarter worth about $57,000. Spire Wealth Management bought a new position in Oklo in the 4th quarter worth about $72,000. Wolff Wiese Magana LLC bought a new position in Oklo in the 4th quarter worth about $99,000. Finally, Stephens Consulting LLC bought a new position in Oklo in the 4th quarter worth about $127,000. 85.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Richard Kinzley purchased 5,000 shares of Oklo stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $99,750. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction that occurred 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 approximately $271,056,066.85. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is owned by corporate insiders.

Oklo Stock Performance

OKLO opened at $27.82 on Friday. The stock’s 50 day simple moving average is $35.85 and its 200 day simple moving average is $23.15. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $59.14.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. 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. B. Riley increased their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Craig Hallum assumed coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective on the stock. Finally, Wedbush increased 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.