Archford Capital Strategies LLC Acquires Shares of 10,000 Oklo Inc. (NYSE:OKLO)

Archford Capital Strategies LLC acquired a new stake in Oklo Inc. (NYSE:OKLO) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new stake in Oklo during the 4th quarter worth approximately $629,000. Exchange Traded Concepts LLC purchased a new stake in shares of Oklo in the 4th quarter valued at $9,686,000. Secure Asset Management LLC purchased a new stake in Oklo during the 4th quarter valued at $1,403,000. Janney Montgomery Scott LLC purchased a new stake in Oklo during the 4th quarter valued at $617,000. Finally, Atomi Financial Group Inc. purchased a new stake in Oklo during the 4th quarter valued at $19,285,000. Institutional investors own 85.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. 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. Citigroup raised their price objective on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th.

Insider Buying and Selling

In other Oklo news, Director Richard Kinzley acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $19.95 per share, with a total value of $99,750.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $99,750. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the firm’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 transaction of $4,982,596.09. Following the completion of the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by insiders.

Oklo Trading Up 8.0 %

Shares of OKLO stock opened at $41.88 on Monday. The company has a 50 day moving average price of $23.69 and a 200-day moving average price of $15.57. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $43.70.

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.