Oklo (NYSE:OKLO) Shares Up 0.4% – Should You Buy?

Oklo Inc. (NYSE:OKLO)’s share price traded up 0.4% on Thursday . The company traded as high as $21.78 and last traded at $21.32. 3,351,498 shares were traded during trading, a decline of 47% from the average session volume of 6,355,441 shares. The stock had previously closed at $21.23.

Analysts Set New Price Targets

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

Oklo Trading Up 3.5 %

The business’s 50 day moving average is $21.70 and its two-hundred day moving average is $13.25.

Insider Activity

In related news, CEO Jacob Dewitte sold 230,569 shares of the 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 completion of the sale, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at $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 available at the SEC website. Also, Director Richard Kinzley bought 5,000 shares of Oklo stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $19.95 per share, with a total value of $99,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $99,750. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Institutional Investors Weigh In On Oklo

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

About Oklo

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.