Oklo (NYSE:OKLO) Sees Strong Trading Volume – Should You Buy?

Shares of Oklo Inc. (NYSE:OKLO) saw strong trading volume on Friday . 12,958,366 shares changed hands during trading, a decline of 22% from the previous session’s volume of 16,542,627 shares.The stock last traded at $40.71 and had previously closed at $38.78.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup boosted their price objective on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Wedbush initiated coverage on shares of Oklo in a report on Thursday, December 19th. They set an “outperform” rating and a $26.00 price target for the company.

Oklo Price Performance

The stock has a 50-day moving average price of $23.21 and a two-hundred day moving average price of $15.27.

Insider Buying and Selling at Oklo

In other Oklo news, Director Richard Kinzley bought 5,000 shares of Oklo 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 transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $99,750. This 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 link. Also, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at approximately $271,056,066.85. This trade represents 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 Investors Weigh In On Oklo

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kozak & Associates Inc. purchased a new stake in shares of Oklo in the 4th quarter worth approximately $57,000. Barclays PLC bought a new stake in Oklo in the third quarter worth $58,000. Spire Wealth Management purchased a new stake in shares of Oklo in the fourth quarter worth $72,000. Y Intercept Hong Kong Ltd bought a new position in shares of Oklo during the third quarter valued at $94,000. Finally, Wolff Wiese Magana LLC purchased a new position in shares of Oklo in the 4th quarter worth about $99,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.