Farther Finance Advisors LLC Makes New $416,000 Investment in Oklo Inc. (NYSE:OKLO)

Farther Finance Advisors LLC bought a new position in Oklo Inc. (NYSE:OKLO) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 19,613 shares of the company’s stock, valued at approximately $416,000.

A number of other institutional investors and hedge funds have also modified their holdings of OKLO. Portland Investment Counsel Inc. bought a new stake in shares of Oklo in the third quarter worth $6,493,000. HITE Hedge Asset Management LLC bought a new stake in shares of Oklo in the third quarter worth $19,753,000. Atomi Financial Group Inc. bought a new stake in shares of Oklo in the fourth quarter worth $19,285,000. Archford Capital Strategies LLC bought a new stake in shares of Oklo in the fourth quarter worth $212,000. Finally, Barclays PLC bought a new stake in shares of Oklo in the third quarter worth $58,000. Institutional investors own 85.03% of the company’s stock.

Oklo Price Performance

NYSE:OKLO opened at $27.82 on Monday. The stock has a 50-day simple moving average of $35.85 and a two-hundred day simple moving average of $23.27. Oklo Inc. has a 52-week low of $5.35 and a 52-week high of $59.14.

Wall Street Analyst Weigh In

OKLO has been the subject of several research analyst reports. B. Riley lifted their price objective on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Craig Hallum initiated coverage on Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. Citigroup boosted their price target on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Finally, Wedbush boosted their price target on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Insider Activity

In other Oklo news, Director Richard Kinzley acquired 5,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $99,750. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the completion of the transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at $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. Company insiders own 21.80% of the company’s stock.

Oklo Company 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.