Oklo Inc. (NYSE:OKLO - Get Free Report) shares rose 1.7% during mid-day trading on Tuesday . The stock traded as high as $24.30 and last traded at $23.28. Approximately 4,291,295 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 14,308,809 shares. The stock had previously closed at $22.88.
Several research firms have recently weighed in on OKLO. Citigroup increased their price target on Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 8th. Wedbush began coverage on shares of Oklo in a report on Thursday, December 19th. They set an "outperform" rating and a $26.00 price objective on the stock. Finally, B. Riley assumed coverage on shares of Oklo in a research note on Thursday, September 19th. They issued a "buy" rating and a $10.00 target price for the company.
Check Out Our Latest Analysis on OKLO
The stock has a fifty day moving average price of $22.49 and a 200 day moving average price of $14.40.
In other news, Director Richard Kinzley purchased 5,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $99,750. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the firm's 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 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 disclosure for this sale can be found here. 21.80% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in OKLO. Joule Financial LLC purchased a new position in Oklo during the fourth quarter worth about $1,963,000. Hamilton Lane Advisors LLC bought a new stake in shares of Oklo during the 4th quarter valued at about $2,182,000. Wolff Wiese Magana LLC purchased a new position in shares of Oklo during the fourth quarter worth about $99,000. Sovereign Financial Group Inc. purchased a new position in shares of Oklo during the fourth quarter worth about $461,000. Finally, West Oak Capital LLC bought a new position in shares of Oklo in the fourth quarter worth approximately $575,000. Institutional investors own 85.03% of the company's stock.
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.
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