Oklo (NYSE:OKLO) Trading 3.4% Higher – What’s Next?

Oklo Inc. (NYSE:OKLO)’s stock price shot up 3.4% on Monday . The company traded as high as $29.74 and last traded at $28.65. 7,133,910 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 18,412,025 shares. The stock had previously closed at $27.72.

Analysts Set New Price Targets

OKLO has been the subject of a number of analyst reports. B. Riley upped their price objective on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. 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. Wedbush lifted their price objective on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Craig Hallum assumed coverage on Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Oklo Stock Down 7.1 %

The stock’s fifty day moving average price is $35.74 and its 200-day moving average price is $23.56.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Kinzley purchased 5,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the purchase, the director now directly owns 5,000 shares in the company, 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 currently owned by corporate insiders.

Institutional Investors Weigh In On Oklo

A number of large investors 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 approximately $27,000. Sandy Spring Bank acquired a new stake in Oklo during the 4th quarter valued at $32,000. CoreCap Advisors LLC purchased a new position in Oklo during the fourth quarter worth $32,000. Covestor Ltd acquired a new position in shares of Oklo in the fourth quarter worth $34,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of Oklo in the fourth quarter valued at $43,000. 85.03% of the stock is owned by institutional investors and hedge funds.

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.