ARK Investment Management LLC Invests $9.65 Million in Oklo Inc. (NYSE:OKLO)

ARK Investment Management LLC purchased a new position in Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 454,294 shares of the company’s stock, valued at approximately $9,645,000.

A number of other institutional investors also recently made changes to their positions in OKLO. DRW Securities LLC acquired a new position in shares of Oklo in the third quarter worth $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Oklo in the third quarter valued at $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Oklo in the third quarter valued at $104,000. Portland Investment Counsel Inc. purchased a new stake in shares of Oklo in the third quarter valued at $6,493,000. Finally, Atom Investors LP purchased a new stake in shares of Oklo in the third quarter valued at $657,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oklo

In other news, Director Richard Kinzley purchased 5,000 shares of the stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $19.95 per share, with a total value of $99,750.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $99,750. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at approximately $271,056,066.85. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is owned by company insiders.

Oklo Price Performance

OKLO stock opened at $32.26 on Wednesday. The stock has a 50-day moving average price of $34.28 and a two-hundred day moving average price of $21.31. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $59.14.

Wall Street Analyst Weigh In

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

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.