Oklo (NYSE:OKLO) Trading Up 4.5% – What’s Next?

Shares of Oklo Inc. (NYSE:OKLO) traded up 4.5% during mid-day trading on Friday . The stock traded as high as $34.66 and last traded at $33.86. 7,034,314 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 20,047,918 shares. The stock had previously closed at $32.39.

Analysts Set New Price Targets

A number of analysts have recently commented on OKLO shares. B. Riley upped their target price on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Craig Hallum initiated coverage on Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective on the stock. Wedbush lifted their target price on shares of Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Citigroup increased their price target on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.50.

Oklo Trading Up 3.1 %

The business has a 50-day simple moving average of $35.08 and a 200-day simple moving average of $21.76.

Insider Transactions at Oklo

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Kinzley bought 5,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,750. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company’s stock.

Institutional Trading of Oklo

Several large investors have recently made changes to their positions in OKLO. TD Waterhouse Canada Inc. purchased a new position in Oklo in the 4th quarter valued at $27,000. CoreCap Advisors LLC acquired a new position in Oklo during the fourth quarter worth about $32,000. Sandy Spring Bank purchased a new stake in Oklo during the 4th quarter valued at about $32,000. Covestor Ltd acquired a new stake in Oklo in the 4th quarter valued at about $34,000. Finally, Anfield Capital Management LLC purchased a new position in Oklo in the 4th quarter worth approximately $43,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Company 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.