Strategic Planning Group LLC Makes New $3.09 Million Investment in Oklo Inc. (NYSE:OKLO)

Strategic Planning Group LLC purchased a new stake in Oklo Inc. (NYSE:OKLO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 145,313 shares of the company’s stock, valued at approximately $3,085,000. Strategic Planning Group LLC owned approximately 0.12% of Oklo as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

OKLO has been the topic of a number of recent analyst reports. Wedbush upped their price target on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Citigroup increased their price target on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Finally, Craig Hallum started coverage on Oklo in a research note on Tuesday. They set a “buy” rating and a $44.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Oklo Price Performance

NYSE OKLO opened at $35.32 on Thursday. The stock’s fifty day moving average price is $24.43 and its 200 day moving average price is $16.10. Oklo Inc. has a 1 year low of $5.35 and a 1 year high of $43.70.

Insider Activity

In other Oklo news, Director Richard Kinzley bought 5,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company’s stock.

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.