Barclays PLC Invests $58,000 in Oklo Inc. (NYSE:OKLO)

Barclays PLC bought a new stake in shares of Oklo Inc. (NYSE:OKLO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,250 shares of the company’s stock, valued at approximately $58,000.

Other large investors have 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 valued at $404,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Oklo during the 3rd quarter worth about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Oklo during the third quarter valued at about $104,000. Portland Investment Counsel Inc. acquired a new position in shares of Oklo in the third quarter worth about $6,493,000. Finally, Atom Investors LP acquired a new position in shares of Oklo in the third quarter worth about $657,000. 85.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Oklo news, Director Richard Kinzley bought 5,000 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost 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 of the company’s stock, valued at $99,750. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the business’s 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 sale, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

Oklo Stock Down 10.9 %

NYSE OKLO opened at $26.28 on Friday. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $31.91. The firm’s fifty day simple moving average is $22.29 and its 200-day simple moving average is $13.95.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup upped their price target on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday. Wedbush began coverage on Oklo in a research note on Thursday, December 19th. They set an “outperform” rating and a $26.00 target price on the stock. Finally, B. Riley initiated coverage on Oklo in a report on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price on the stock.

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.