C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $240,000 in Oklo Inc. (NYSE:OKLO)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Oklo Inc. (NYSE:OKLO) during the 4th quarter, Holdings Channel reports. The institutional investor bought 11,284 shares of the company’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Truist Financial Corp acquired a new stake in shares of Oklo during the 4th quarter worth about $227,000. Sanctuary Advisors LLC raised its position in shares of Oklo by 115.9% during the 4th quarter. Sanctuary Advisors LLC now owns 26,590 shares of the company’s stock worth $565,000 after acquiring an additional 14,272 shares in the last quarter. KLCM Advisors Inc. acquired a new stake in shares of Oklo during the 4th quarter worth about $212,000. Tcfg Wealth Management LLC acquired a new stake in shares of Oklo during the 4th quarter worth about $450,000. Finally, Palumbo Wealth Management LLC acquired a new stake in shares of Oklo during the 4th quarter worth about $220,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Trading Down 5.4 %

Shares of OKLO stock opened at $42.69 on Friday. The business’s 50 day moving average is $33.30 and its two-hundred day moving average is $20.54. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14.

Insider Buying and Selling at Oklo

In related news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction that occurred on Friday, December 20th. The stock was 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 in the company, valued at $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Kinzley purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired 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 owns 5,000 shares of the company’s stock, valued at approximately $99,750. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company’s stock.

Wall Street Analysts Forecast Growth

OKLO has been the topic of several research analyst reports. Citigroup lifted their price target on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Wedbush lifted their price target on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Craig Hallum initiated coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target on the stock. Finally, B. Riley lifted their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.50.

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.