Oklo (NYSE:OKLO) Now Covered by Wedbush

Research analysts at Wedbush assumed coverage on shares of Oklo (NYSE:OKLO) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm set an “outperform” rating and a $26.00 price target on the stock. Wedbush’s price objective would indicate a potential upside of 41.46% from the stock’s previous close.

Several other research firms also recently commented on OKLO. B. Riley assumed coverage on shares of Oklo in a report on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price on the stock. Citigroup decreased their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a report on Friday, September 6th.

Oklo Stock Down 3.8 %

Shares of Oklo stock opened at $18.38 on Thursday. The company has a fifty day moving average of $20.26 and a 200 day moving average of $12.33. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $28.12.

Institutional Trading of Oklo

A number of institutional investors have recently made changes to their positions in the business. HITE Hedge Asset Management LLC purchased a new stake in Oklo during the 3rd quarter valued at about $19,753,000. Portland Investment Counsel Inc. purchased a new stake in Oklo in the third quarter valued at approximately $6,493,000. Readystate Asset Management LP acquired a new position in Oklo in the 3rd quarter worth approximately $6,193,000. Geode Capital Management LLC acquired a new position in Oklo in the 3rd quarter worth approximately $5,971,000. Finally, State Street Corp purchased a new position in Oklo during the 3rd quarter worth approximately $2,889,000. 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.