Foster Victor Wealth Advisors LLC Makes New Investment in Oklo Inc. (NYSE:OKLO)

Foster Victor Wealth Advisors LLC acquired a new stake in shares of Oklo Inc. (NYSE:OKLO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 8,353 shares of the company’s stock, valued at approximately $177,000.

Other hedge funds have also recently made changes to their positions in the company. DRW Securities LLC bought a new stake in Oklo during the 3rd quarter worth approximately $404,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Oklo in the third quarter valued at $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Oklo during the 3rd quarter worth $104,000. Portland Investment Counsel Inc. acquired a new position in Oklo during the 3rd quarter worth about $6,493,000. Finally, Atom Investors LP acquired a new position in Oklo during the 3rd quarter worth about $657,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OKLO has been the subject of a number of analyst reports. Citigroup raised their price objective on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Craig Hallum assumed coverage on shares of Oklo in a report on Tuesday. They set a “buy” rating and a $44.00 price target for the company. Finally, Wedbush boosted their price target on shares of Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.50.

Insiders Place Their Bets

In other news, Director Richard Kinzley bought 5,000 shares of Oklo stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $99,750. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the company’s 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 transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.

Oklo Price Performance

Shares of NYSE:OKLO opened at $35.32 on Thursday. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $43.70. The business’s 50-day moving average is $24.14 and its 200-day moving average is $15.97.

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.