Oklo (NYSE:OKLO) Shares Gap Up – Still a Buy?

Oklo Inc. (NYSE:OKLOGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $26.05, but opened at $27.62. Oklo shares last traded at $27.24, with a volume of 4,678,577 shares traded.

Wall Street Analyst Weigh In

A number of research firms have commented on OKLO. Wedbush started coverage on shares of Oklo in a research note on Thursday, December 19th. They set an “outperform” rating and a $26.00 price objective on the stock. Citigroup increased their price target on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th.

Check Out Our Latest Analysis on Oklo

Oklo Stock Up 9.2 %

The stock’s fifty day simple moving average is $22.91 and its 200-day simple moving average is $15.11.

Insider Buying and Selling at Oklo

In related news, Director Richard Kinzley purchased 5,000 shares of Oklo stock in a transaction dated 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 purchase, the director now owns 5,000 shares in the company, valued at approximately $99,750. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jacob Dewitte sold 230,569 shares of the firm’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 transaction of $4,982,596.09. Following the transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at $271,056,066.85. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oklo

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kozak & Associates Inc. acquired a new position in shares of Oklo in the 4th quarter worth $57,000. Barclays PLC acquired a new position in shares of Oklo in the 3rd quarter valued at $58,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Oklo in the third quarter worth approximately $94,000. Wolff Wiese Magana LLC acquired a new stake in shares of Oklo during the fourth quarter valued at approximately $99,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Oklo in the 3rd quarter valued at approximately $100,000. 85.03% of the stock is currently owned by institutional investors.

Oklo Company Profile

(Get Free Report)

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.

Further Reading

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