Johnson Investment Counsel Inc. Buys New Holdings in Oklo Inc. (NYSE:OKLO)

Johnson Investment Counsel Inc. purchased a new position in shares of Oklo Inc. (NYSE:OKLO) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 10,728 shares of the company’s stock, valued at approximately $228,000.

A number of other large investors have also bought and sold shares of the stock. AlphaQuest LLC purchased a new stake in Oklo during the 4th quarter valued at $45,000. PNC Financial Services Group Inc. bought a new position in shares of Oklo during the fourth quarter valued at about $140,000. Raymond James Financial Inc. purchased a new stake in shares of Oklo during the fourth quarter worth about $2,209,000. Steward Partners Investment Advisory LLC grew its stake in shares of Oklo by 2,386.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,325 shares of the company’s stock worth $198,000 after purchasing an additional 8,950 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Oklo during the 4th quarter valued at about $707,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 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 owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Oklo Price Performance

Shares of OKLO opened at $27.82 on Friday. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $59.14. The firm has a 50 day moving average of $35.85 and a 200 day moving average of $23.03.

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.