Oklo (NYSE:OKLO) Trading 4.5% Higher – Time to Buy?

Oklo Inc. (NYSE:OKLO) traded up 4.5% on Thursday . The company traded as high as $29.67 and last traded at $29.32. 5,320,949 shares traded hands during trading, a decline of 54% from the average session volume of 11,556,203 shares. The stock had previously closed at $28.05.

Wall Street Analysts Forecast Growth

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

Oklo Stock Down 2.0 %

The business has a fifty day moving average price of $35.85 and a 200 day moving average price of $23.77.

Insider Activity at Oklo

In other Oklo news, Director Richard Kinzley bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $19.95 per share, with a total value of $99,750.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $99,750. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Oklo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. acquired a new stake in shares of Oklo in the fourth quarter valued at about $27,000. Sandy Spring Bank acquired a new position in shares of Oklo during the 4th quarter worth approximately $32,000. CoreCap Advisors LLC bought a new stake in shares of Oklo during the 4th quarter worth approximately $32,000. Covestor Ltd acquired a new stake in shares of Oklo in the 4th quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC bought a new position in shares of Oklo in the fourth quarter valued at $43,000. 85.03% of the stock is owned by 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.