Oklo (NYSE:OKLO) Now Covered by Wedbush

Stock analysts at Wedbush assumed coverage on shares of Oklo (NYSE:OKLO) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $26.00 price target on the stock. Wedbush’s price objective points to a potential upside of 33.06% from the company’s previous close.

A number of other equities research analysts have also issued reports on OKLO. Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research note on Friday, September 6th. Citigroup cut their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Finally, B. Riley initiated coverage on Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price for the company.

Oklo Stock Up 6.3 %

OKLO opened at $19.54 on Thursday. Oklo has a 12-month low of $5.35 and a 12-month high of $28.12. The firm’s fifty day moving average price is $20.26 and its 200 day moving average price is $12.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. HITE Hedge Asset Management LLC bought a new position in Oklo during the 3rd quarter worth $19,753,000. Portland Investment Counsel Inc. acquired a new position in shares of Oklo during the third quarter valued at $6,493,000. Readystate Asset Management LP acquired a new position in shares of Oklo during the third quarter valued at $6,193,000. Geode Capital Management LLC bought a new position in shares of Oklo during the third quarter worth about $5,971,000. Finally, State Street Corp acquired a new stake in shares of Oklo in the 3rd quarter worth about $2,889,000. 85.03% of the stock is owned by institutional investors and hedge funds.

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.