Oklo Inc. (NYSE:OKLO) Receives $22.33 Consensus Target Price from Brokerages

Oklo Inc. (NYSE:OKLO) has earned an average rating of “Moderate Buy” from the four ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $22.33.

Several research firms have commented on OKLO. Citigroup boosted their target price 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. 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.

Oklo Stock Up 7.7 %

Oklo stock opened at $26.09 on Monday. Oklo has a 52 week low of $5.35 and a 52 week high of $31.91. The company has a 50 day moving average price of $22.44 and a 200 day moving average price of $14.47.

Insider Buying and Selling at Oklo

In related news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction 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 transaction, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Kinzley purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost 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 $99,750. This trade 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 Trading of Oklo

Hedge funds have recently added to or reduced their stakes in the stock. Kozak & Associates Inc. purchased a new stake in Oklo in the fourth quarter worth $57,000. Barclays PLC bought a new position in shares of Oklo during the 3rd quarter worth $58,000. Y Intercept Hong Kong Ltd bought a new position in shares of Oklo during the 3rd quarter worth $94,000. Wolff Wiese Magana LLC purchased a new stake in Oklo in the 4th quarter worth about $99,000. Finally, Sanctuary Advisors LLC bought a new stake in Oklo in the 3rd quarter valued at about $100,000. Institutional investors 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.