Atomi Financial Group Inc. Makes New Investment in Oklo Inc. (NYSE:OKLO)

Atomi Financial Group Inc. acquired a new position in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 908,390 shares of the company's stock, valued at approximately $19,285,000. Oklo makes up about 1.0% of Atomi Financial Group Inc.'s investment portfolio, making the stock its 24th biggest holding. Atomi Financial Group Inc. owned approximately 0.74% of Oklo as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. HITE Hedge Asset Management LLC acquired a new position in Oklo during the 3rd quarter valued at about $19,753,000. Portland Investment Counsel Inc. acquired a new position in shares of Oklo in the 3rd quarter valued at $6,493,000. Readystate Asset Management LP bought a new position in shares of Oklo in the 3rd quarter worth $6,193,000. Geode Capital Management LLC acquired a new stake in shares of Oklo during the third quarter worth $5,971,000. Finally, State Street Corp acquired a new position in Oklo in the third quarter valued at about $2,889,000. Institutional investors own 85.03% of the company's stock.

Oklo Stock Performance

Shares of NYSE OKLO traded up $5.30 during trading hours on Tuesday, hitting $31.35. 21,731,878 shares of the stock were exchanged, compared to its average volume of 14,888,231. The company's fifty day simple moving average is $22.52 and its two-hundred day simple moving average is $14.81. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $31.91.

Insider Activity at Oklo

In related news, 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. The trade was a 1.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard Kinzley acquired 5,000 shares of Oklo stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price 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. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

OKLO has been the topic of several recent analyst reports. Wedbush started coverage on shares of Oklo in a research note on Thursday, December 19th. They set an "outperform" rating and a $26.00 price objective on the stock. Citigroup boosted their price target on shares of Oklo from $10.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, January 8th.

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.