Prestige Wealth Management Group LLC Buys New Position in Oklo Inc. (NYSE:OKLO)

Prestige Wealth Management Group LLC acquired a new position in Oklo Inc. (NYSE:OKLO) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 16,953 shares of the company’s stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Portland Investment Counsel Inc. bought a new position in shares of Oklo in the third quarter worth approximately $6,493,000. HITE Hedge Asset Management LLC bought a new position in Oklo in the 3rd quarter worth $19,753,000. Atomi Financial Group Inc. purchased a new stake in Oklo in the 4th quarter worth $19,285,000. Archford Capital Strategies LLC bought a new stake in Oklo during the fourth quarter valued at about $212,000. Finally, Barclays PLC bought a new stake in Oklo during the 3rd quarter valued at approximately $58,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Stock Up 14.7 %

Shares of OKLO opened at $31.16 on Tuesday. The stock has a 50-day moving average of $36.01 and a two-hundred day moving average of $24.20. Oklo Inc. has a one year low of $5.35 and a one year high of $59.14.

Analyst Ratings Changes

Several brokerages have commented on OKLO. Citigroup boosted their price target on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Craig Hallum assumed coverage on Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Wedbush raised their target price 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. Finally, B. Riley lifted their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.