Matauro LLC Purchases New Stake in Oklo Inc. (NYSE:OKLO)

Matauro LLC purchased a new stake in Oklo Inc. (NYSE:OKLO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,058 shares of the company’s stock, valued at approximately $638,000.

Several other hedge funds have also bought and sold shares of OKLO. HITE Hedge Asset Management LLC bought a new position in Oklo during the 3rd quarter valued at $19,753,000. Van ECK Associates Corp bought a new position in Oklo during the 4th quarter valued at $38,661,000. Atomi Financial Group Inc. bought a new position in Oklo during the 4th quarter valued at $19,285,000. TimesSquare Capital Management LLC bought a new position in Oklo during the 4th quarter valued at $17,104,000. Finally, Portland Investment Counsel Inc. bought a new position in Oklo during the 3rd quarter valued at $6,493,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Kinzley acquired 5,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $99,750. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Oklo Trading Down 9.1 %

NYSE OKLO opened at $38.78 on Friday. Oklo Inc. has a one year low of $5.35 and a one year high of $59.14. The business’s fifty day moving average is $33.70 and its 200-day moving average is $20.76.

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.