456,221 Shares in Oklo Inc. (NYSE:OKLO) Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC acquired a new stake in shares of Oklo Inc. (NYSE:OKLO) during the fourth quarter, HoldingsChannel reports. The fund acquired 456,221 shares of the company’s stock, valued at approximately $9,686,000.

Other hedge funds also recently bought and sold shares of the company. Kozak & Associates Inc. purchased a new position in shares of Oklo during the fourth quarter worth approximately $57,000. Barclays PLC bought a new position in shares of Oklo during the 3rd quarter valued at $58,000. Y Intercept Hong Kong Ltd purchased a new position in Oklo in the 3rd quarter worth $94,000. Wolff Wiese Magana LLC bought a new stake in Oklo in the fourth quarter worth $99,000. Finally, Sanctuary Advisors LLC purchased a new stake in Oklo during the third quarter valued at about $100,000. Institutional investors own 85.03% of the company’s stock.

Oklo Stock Performance

OKLO stock opened at $40.10 on Friday. The firm’s 50-day moving average price is $23.21 and its two-hundred day moving average price is $15.27. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $41.06.

Analyst Ratings Changes

OKLO has been the subject of a number of recent research reports. Wedbush began coverage on Oklo in a research note on Thursday, December 19th. They issued an “outperform” rating and a $26.00 target price for the company. Citigroup lifted their price target on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th.

Insider Activity at Oklo

In related news, Director Richard Kinzley bought 5,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $99,750. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. The trade was 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.

About Oklo

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.