Atomi Financial Group Inc. Purchases New Position in Oklo Inc. (NYSE:OKLO)

Atomi Financial Group Inc. acquired a new position in Oklo Inc. (NYSE:OKLO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 908,390 shares of the company’s stock, valued at approximately $19,285,000. Oklo makes up about 1.0% of Atomi Financial Group Inc.’s investment portfolio, making the stock its 24th largest holding. Atomi Financial Group Inc. owned about 0.74% of Oklo at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in OKLO. Portland Investment Counsel Inc. acquired a new stake in shares of Oklo during the 3rd quarter valued at about $6,493,000. HITE Hedge Asset Management LLC acquired a new stake in Oklo in the third quarter valued at approximately $19,753,000. State Street Corp acquired a new stake in Oklo in the third quarter valued at approximately $2,889,000. Joule Financial LLC purchased a new stake in shares of Oklo in the fourth quarter valued at approximately $1,963,000. Finally, DRW Securities LLC acquired a new position in shares of Oklo during the 3rd quarter worth approximately $404,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Kinzley bought 5,000 shares of the firm’s stock in a transaction 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 acquisition, 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 disclosure for this purchase can be found here. 21.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup boosted their price target on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Wedbush initiated coverage on Oklo in a report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price objective on the stock.

Oklo Trading Up 7.7 %

Shares of NYSE OKLO opened at $26.09 on Tuesday. The firm has a 50-day simple moving average of $22.52 and a 200-day simple moving average of $14.81. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $31.91.

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.