Oklo Inc. (NYSE:OKLO) Director Acquires $99,750.00 in Stock

Oklo Inc. (NYSE:OKLO) Director Richard Kinzley purchased 5,000 shares of the company’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 completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $99,750. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Oklo Trading Down 5.2 %

Shares of NYSE:OKLO opened at $22.78 on Monday. The stock has a 50 day moving average of $21.61 and a 200 day moving average of $13.02. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $28.12.

Hedge Funds Weigh In On Oklo

A number of hedge funds have recently modified their holdings of the company. Barclays PLC bought a new stake in shares of Oklo during the 3rd quarter valued at $58,000. Y Intercept Hong Kong Ltd purchased a new stake in Oklo in the 3rd quarter worth $94,000. Peapack Gladstone Financial Corp bought a new stake in Oklo during the third quarter valued at about $100,000. Sanctuary Advisors LLC purchased a new position in shares of Oklo in the third quarter valued at about $100,000. Finally, MML Investors Services LLC bought a new position in shares of Oklo in the third quarter worth about $104,000. 85.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OKLO. Citigroup dropped their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Wedbush started coverage on shares of Oklo in a research report on Thursday, December 19th. They set an “outperform” rating and a $26.00 target price for the company. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a report on Friday, September 6th. Finally, B. Riley started coverage on shares of Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 price target on the 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.