Corient Private Wealth LLC Sells 314,507 Shares of Oklo Inc. (NYSE:OKLO)

Corient Private Wealth LLC lowered its position in shares of Oklo Inc. (NYSE:OKLO) by 49.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,947 shares of the company’s stock after selling 314,507 shares during the quarter. Corient Private Wealth LLC’s holdings in Oklo were worth $6,750,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OKLO. Anfield Capital Management LLC acquired a new position in shares of Oklo in the 4th quarter worth approximately $43,000. AlphaQuest LLC acquired a new position in Oklo during the 4th quarter worth about $45,000. Kozak & Associates Inc. bought a new stake in Oklo during the 4th quarter worth about $57,000. Barclays PLC acquired a new stake in Oklo in the 3rd quarter valued at about $58,000. Finally, Spire Wealth Management bought a new stake in shares of Oklo during the fourth quarter valued at approximately $72,000. 85.03% of the stock is owned by institutional investors.

Oklo Stock Down 0.7 %

Shares of NYSE:OKLO opened at $27.87 on Friday. The company has a 50 day moving average price of $35.81 and a two-hundred day moving average price of $23.62. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $59.14.

Analysts Set New Price Targets

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

Insider Activity

In other Oklo news, Director Richard Kinzley purchased 5,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 5,000 shares in the company, valued at $99,750. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.80% of the stock is owned by company insiders.

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.