Verity Asset Management Inc. Makes New Investment in Oklo Inc. (NYSE:OKLO)

Verity Asset Management Inc. acquired a new position in Oklo Inc. (NYSE:OKLO) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,621 shares of the company’s stock, valued at approximately $268,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Kozak & Associates Inc. acquired a new stake in shares of Oklo in the 4th quarter valued at about $57,000. Barclays PLC bought a new stake in shares of Oklo during the 3rd quarter valued at about $58,000. Spire Wealth Management bought a new stake in shares of Oklo during the 4th quarter valued at about $72,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Oklo during the 3rd quarter valued at about $94,000. Finally, Wolff Wiese Magana LLC bought a new stake in shares of Oklo during the 4th quarter valued at about $99,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Stock Performance

NYSE OKLO opened at $46.80 on Wednesday. Oklo Inc. has a 52 week low of $5.35 and a 52 week high of $48.02. The company has a 50-day moving average price of $25.56 and a two-hundred day moving average price of $16.88.

Analysts Set New Price Targets

OKLO has been the subject of a number of recent research reports. Citigroup boosted their price objective 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. Wedbush boosted their price objective 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. Finally, Craig Hallum initiated coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

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 acquired at an average cost of $19.95 per share, for a total transaction 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. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available 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 completion of the transaction, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is owned by 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.