Peapack Gladstone Financial Corp Takes Position in Oklo Inc. (NYSE:OKLO)

Peapack Gladstone Financial Corp acquired a new position in Oklo Inc. (NYSE:OKLO) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 12,310 shares of the company’s stock, valued at approximately $100,000.

A number of other hedge funds also recently bought and sold shares of OKLO. DRW Securities LLC bought a new stake in shares of Oklo during the 3rd quarter valued at about $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Oklo in the third quarter worth approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Oklo during the third quarter valued at approximately $104,000. Portland Investment Counsel Inc. purchased a new stake in Oklo during the third quarter valued at approximately $6,493,000. Finally, Atom Investors LP purchased a new stake in Oklo during the third quarter valued at approximately $657,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Trading Down 0.2 %

OKLO opened at $18.49 on Tuesday. The company has a 50 day simple moving average of $19.90 and a two-hundred day simple moving average of $12.22. Oklo Inc. has a 1-year low of $5.35 and a 1-year high of $28.12.

Analysts Set New Price Targets

OKLO has been the subject of a number of recent research reports. B. Riley initiated coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective for the company. Citigroup lowered their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, Seaport Res Ptn upgraded Oklo to a “hold” rating in a research report on Friday, September 6th.

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.