Secure Asset Management LLC Takes $1.40 Million Position in Oklo Inc. (NYSE:OKLO)

Secure Asset Management LLC purchased a new position in Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 66,091 shares of the company’s stock, valued at approximately $1,403,000.

A number of other hedge funds have also bought and sold shares of OKLO. HITE Hedge Asset Management LLC purchased a new stake in Oklo in the 3rd quarter worth about $19,753,000. Atomi Financial Group Inc. bought a new position in shares of Oklo during the fourth quarter valued at approximately $19,285,000. Portland Investment Counsel Inc. purchased a new stake in shares of Oklo in the third quarter worth approximately $6,493,000. Readystate Asset Management LP bought a new stake in shares of Oklo during the 3rd quarter worth approximately $6,193,000. Finally, Geode Capital Management LLC purchased a new position in Oklo during the 3rd quarter valued at $5,971,000. Institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OKLO. Wedbush assumed coverage on Oklo in a research note on Thursday, December 19th. They issued an “outperform” rating and a $26.00 target price on the stock. Citigroup raised their price target on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th.

Insider Activity

In related news, Director Richard Kinzley bought 5,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of $19.95 per share, with a total value of $99,750.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $99,750. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of Oklo 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 owns 12,543,085 shares in the company, valued at $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

Oklo Stock Performance

OKLO opened at $38.76 on Friday. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $40.21. The stock’s fifty day moving average is $22.91 and its two-hundred day moving average is $15.11.

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.