Hamilton Lane Advisors LLC Takes $2.18 Million Position in Oklo Inc. (NYSE:OKLO)

Hamilton Lane Advisors LLC bought a new position in Oklo Inc. (NYSE:OKLO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 102,784 shares of the company’s stock, valued at approximately $2,182,000. Oklo makes up about 2.1% of Hamilton Lane Advisors LLC’s portfolio, making the stock its 8th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DRW Securities LLC bought a new position in shares of Oklo in the third quarter worth approximately $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Oklo during 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 worth $104,000. Portland Investment Counsel Inc. purchased a new stake in Oklo in the 3rd quarter worth $6,493,000. Finally, Atom Investors LP bought a new stake in Oklo during the third quarter valued at about $657,000. Institutional investors own 85.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OKLO. Wedbush started coverage on Oklo in a research report on Thursday, December 19th. They set an “outperform” rating and a $26.00 target price for the company. B. Riley started coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective on the stock. Finally, Citigroup boosted their target price on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th.

Oklo Price Performance

Shares of Oklo stock opened at $24.20 on Thursday. The stock has a 50 day moving average of $22.44 and a 200 day moving average of $14.33. Oklo Inc. has a 12 month low of $5.35 and a 12 month high of $31.91.

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction dated 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 completion of the transaction, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Kinzley acquired 5,000 shares of Oklo stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $99,750. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

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.