TimesSquare Capital Management LLC Invests $17.10 Million in Oklo Inc. (NYSE:OKLO)

TimesSquare Capital Management LLC purchased a new position in shares of Oklo Inc. (NYSE:OKLO) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 805,635 shares of the company’s stock, valued at approximately $17,104,000.

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

Oklo Price Performance

NYSE:OKLO opened at $45.25 on Thursday. Oklo Inc. has a one year low of $5.35 and a one year high of $59.14. The company’s 50-day simple moving average is $32.81 and its 200 day simple moving average is $20.39.

Insider Buying and Selling

In related news, Director Richard Kinzley acquired 5,000 shares of the firm’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 completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $99,750. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. The trade was 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 insiders.

Analyst Upgrades and Downgrades

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

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.