36,055 Shares in Oklo Inc. (NYSE:OKLO) Purchased by Legacy Bridge LLC

Legacy Bridge LLC bought a new stake in Oklo Inc. (NYSE:OKLO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 36,055 shares of the company’s stock, valued at approximately $765,000.

Other institutional investors also recently made changes to their positions in the company. HITE Hedge Asset Management LLC bought a new position in Oklo in the 3rd quarter worth about $19,753,000. Atomi Financial Group Inc. acquired a new position in shares of Oklo during the fourth quarter worth approximately $19,285,000. Portland Investment Counsel Inc. bought a new position in Oklo in the 3rd quarter worth approximately $6,493,000. Readystate Asset Management LP acquired a new stake in Oklo in the 3rd quarter valued at approximately $6,193,000. Finally, Geode Capital Management LLC bought a new stake in Oklo during the 3rd quarter valued at $5,971,000. 85.03% of the stock is owned by institutional investors.

Oklo Stock Performance

Shares of Oklo stock opened at $31.09 on Tuesday. The business has a fifty day simple moving average of $23.69 and a 200-day simple moving average of $15.62. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $43.70.

Insider Buying and Selling at Oklo

In related news, Director Richard Kinzley bought 5,000 shares of Oklo stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $19.95 per share, with a total value of $99,750.00. Following the completion of the acquisition, the director now directly 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 this link. Also, CEO Jacob Dewitte sold 230,569 shares of the 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 of the company’s stock, valued at $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 corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on OKLO shares. Citigroup raised their price target on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Wedbush upped their price target on shares of Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday.

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.