Stifel Financial Corp Acquires New Position in Oklo Inc. (NYSE:OKLO)

Stifel Financial Corp bought a new position in shares of Oklo Inc. (NYSE:OKLO) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,886 shares of the company’s stock, valued at approximately $104,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Oklo in the 3rd quarter valued at approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Oklo in the third quarter valued at $135,000. DRW Securities LLC purchased a new stake in Oklo during the 3rd quarter worth about $404,000. Atom Investors LP acquired a new position in shares of Oklo during the 3rd quarter worth about $657,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Oklo during the 3rd quarter worth about $1,023,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Oklo Stock Up 3.8 %

OKLO opened at $23.65 on Tuesday. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $28.12. The business’s 50 day moving average is $21.61 and its two-hundred day moving average is $13.02.

Insider Transactions at Oklo

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Kinzley bought 5,000 shares of the stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $99,750. The trade was a ? increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on OKLO shares. Seaport Res Ptn raised Oklo to a “hold” rating in a report on Friday, September 6th. Citigroup lowered their target price on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Wedbush initiated coverage on shares of Oklo in a research note on Thursday, December 19th. They set an “outperform” rating and a $26.00 price target on the stock. Finally, B. Riley assumed coverage on shares of Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target for the company.

Oklo 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.