Stratos Wealth Partners LTD. Expands Holdings in Oklo Inc.

Stratos Wealth Partners LTD. has made a significant move by acquiring a new position in Oklo Inc. (NYSE:OKLO) during the fourth quarter of the fiscal year. This information was disclosed in the firm's latest 13F filing with the Securities and Exchange Commission (SEC). Stratos Wealth Partners made a purchase of 13,185 shares of Oklo’s stock, which is estimated to be worth around $280,000.

In addition to Stratos, several other institutional investors have also been active in the Oklo market recently, buying and selling significant shares of the company. For instance, Kozak & Associates Inc. acquired a new position in Oklo valued at $57,000 during the same quarter. Similarly, Spire Wealth Management invested $72,000 while Wolff Wiese Magana LLC made a purchase worth about $99,000. Another notable investor, Stephens Consulting LLC, secured a stake valued at approximately $127,000. Barclays PLC also entered the market, purchasing stock worth about $58,000 in the previous quarter. Collectively, institutional investors and hedge funds now hold a massive 85.03% of Oklo's stock.

Positive Outlook from Analysts

Oklo Inc. has recently caught the attention of Wall Street analysts, with a series of positive reports being issued. For instance, B. Riley increased its price target for Oklo from $27.00 to $58.00, giving it a “buy” rating as per their report released on February 6th. In a similar vein, Wedbush revised its price target from $26.00 to $45.00 and assigned an “outperform” rating in a report published on January 24th.

Furthermore, Craig Hallum initiated coverage on Oklo with a “buy” rating and a price target set at $44.00 in a report dated January 28th. Citigroup also adjusted its price objective, increasing it from $10.00 to $31.00 while giving a “neutral” rating on January 8th. Overall, analysts have shared a mix of ratings, where two have proposed a hold, while three have issued buy ratings. Data from MarketBeat indicates that Oklo is currently rated a “Moderate Buy” with an average projected price target of $44.50.

Recent Insider Transactions

In recent company disclosures, some insider activities have also been noted. Director Richard Kinzley made a transaction by purchasing 5,000 shares of Oklo stock on December 23rd, with an average share price of $19.95, totaling around $99,750. Following this purchase, Kinzley owns 5,000 shares valued at approximately $99,750, indicating a strong confidence in the company’s future.

On the other hand, CEO Jacob Dewitte sold off a considerable portion of his holdings, offloading 230,569 shares on December 20th at an average price of $21.61, bringing in total proceeds of about $4,982,596.09. Post-transaction, Dewitte still holds 12,543,085 shares worth approximately $271,056,066.85. Notably, this sale reflects a 1.81% decrease in his ownership of the stock, with insiders currently owning a total of 21.80% of the company’s shares.

Oklo's Stock Movement

As of Friday, Oklo shares opened at $55.05. The stock has experienced notable fluctuations, with a 52-week range boasting a low of $5.35 and a high of $59.14. The company’s stock is also following moving averages, with the 50-day simple moving average at $29.69 and the 200-day simple moving average at $18.90.

About Oklo Inc.

Oklo Inc. specializes in designing and developing fission power plants. These facilities aim to provide reliable and commercially viable energy solutions for clients across the United States. Additionally, Oklo is involved in providing recycling services for used nuclear fuel. The company was founded in 2013 and is headquartered in Santa Clara, California.

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