Exchange Traded Concepts LLC Invests $9.69 Million in Oklo Inc. (NYSE:OKLO)

Exchange Traded Concepts LLC purchased a new position in Oklo Inc. (NYSE:OKLO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 456,221 shares of the company’s stock, valued at approximately $9,686,000. Exchange Traded Concepts LLC owned about 0.37% of Oklo as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. HITE Hedge Asset Management LLC purchased a new position in Oklo in the third quarter valued at about $19,753,000. Atomi Financial Group Inc. bought a new stake in shares of Oklo in the 4th quarter worth approximately $19,285,000. Portland Investment Counsel Inc. purchased a new position in Oklo in the third quarter valued at approximately $6,493,000. Readystate Asset Management LP bought a new position in Oklo during the third quarter valued at $6,193,000. Finally, Geode Capital Management LLC purchased a new stake in Oklo in the third quarter worth $5,971,000. Institutional investors own 85.03% of the company’s stock.

Analyst Ratings Changes

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

Oklo Stock Performance

NYSE:OKLO opened at $40.10 on Friday. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $41.06. The stock’s fifty day moving average price is $23.21 and its two-hundred day moving average price is $15.27.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction on 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Kinzley purchased 5,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,750. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by corporate insiders.

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.