Oklo (NYSE:OKLO) Price Target Raised to $45.00

Oklo (NYSE:OKLO) had its target price increased by Wedbush from $26.00 to $45.00 in a report issued on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Separately, Citigroup upped their target price on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th.

Oklo Stock Performance

Shares of NYSE:OKLO opened at $41.88 on Friday. The company has a 50-day moving average price of $23.69 and a 200 day moving average price of $15.57. Oklo has a 52 week low of $5.35 and a 52 week high of $43.70.

Insider Transactions at Oklo

In other news, Director Richard Kinzley acquired 5,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $19.95 per share, with a total value of $99,750.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $99,750. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the completion of the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

Institutional Trading of Oklo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Portland Investment Counsel Inc. acquired a new position in Oklo during the 3rd quarter valued at about $6,493,000. HITE Hedge Asset Management LLC bought a new position in shares of Oklo in the third quarter valued at $19,753,000. Atomi Financial Group Inc. bought a new stake in shares of Oklo during the 4th quarter worth $19,285,000. Barclays PLC acquired a new stake in shares of Oklo during the third quarter worth $58,000. Finally, State Street Corp acquired a new stake in shares of Oklo during the third quarter valued at approximately $2,889,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

About Oklo

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.