Clare Market Investments LLC Acquires New Holdings in Oklo Inc. (NYSE:OKLO)

Clare Market Investments LLC bought a new position in Oklo Inc. (NYSE:OKLO) in the fourth quarter, HoldingsChannel.com reports. The fund bought 10,250 shares of the company’s stock, valued at approximately $218,000.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on OKLO shares. B. Riley upped 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. Wedbush increased their target price on shares of Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Craig Hallum assumed coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price on the stock. Finally, Citigroup upped their price target 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Oklo Stock Down 9.6 %

NYSE OKLO opened at $23.74 on Tuesday. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14. The business has a 50-day moving average price of $35.61 and a 200-day moving average price of $22.73.

Insider Buying and Selling

In related news, Director Richard Kinzley bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average cost of $19.95 per share, with a total value of $99,750.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,750. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the business’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 completion of the sale, the chief executive officer now owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is 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.