Oklo (NYSE:OKLO) Trading Down 0.5% – What’s Next?

Shares of Oklo Inc. (NYSE:OKLO) traded down 0.5% during trading on Wednesday . The company traded as low as $25.51 and last traded at $25.35. 7,404,496 shares were traded during trading, a decline of 61% from the average session volume of 18,801,920 shares. The stock had previously closed at $25.47.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wedbush lifted their price target on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Citigroup lifted their price target on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Craig Hallum assumed coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Finally, B. Riley raised their price objective on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.50.

Oklo Price Performance

The company has a 50-day simple moving average of $35.84 and a two-hundred day simple moving average of $22.89.

Insider Buying and Selling at Oklo

In related news, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the sale, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard Kinzley acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were bought 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 $99,750. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company’s stock.

Hedge Funds Weigh In On Oklo

A number of institutional investors have recently added to or reduced their stakes in OKLO. TD Waterhouse Canada Inc. purchased a new position in shares of Oklo in the 4th quarter worth about $27,000. Sandy Spring Bank purchased a new position in shares of Oklo in the 4th quarter worth about $32,000. CoreCap Advisors LLC purchased a new position in shares of Oklo in the 4th quarter worth about $32,000. Covestor Ltd purchased a new position in shares of Oklo in the 4th quarter worth about $34,000. Finally, Anfield Capital Management LLC purchased a new position in shares of Oklo in the 4th quarter worth about $43,000. 85.03% of the stock is currently owned by institutional investors.

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.