Oklo (NYSE:OKLO) Shares Up 0.4% – Should You Buy?

Oklo Inc. (NYSE:OKLO)’s stock price was up 0.4% during trading on Thursday . The company traded as high as $21.78 and last traded at $21.32. Approximately 3,351,498 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 6,355,441 shares. The stock had previously closed at $21.23.

Wall Street Analyst Weigh In

OKLO has been the topic of several recent research reports. Wedbush began coverage on Oklo in a research report on Thursday, December 19th. They set an “outperform” rating and a $26.00 target price on the stock. Citigroup cut their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. B. Riley initiated coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target for the company. Finally, Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research report on Friday, September 6th.

Oklo Stock Performance

The company has a 50-day moving average of $21.94 and a 200-day moving average of $13.44.

Insider Activity at Oklo

In related news, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the completion of the transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard Kinzley purchased 5,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $99,750. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oklo

Hedge funds and other institutional investors have recently made changes to their positions in the company. DRW Securities LLC acquired a new stake in Oklo in the 3rd quarter valued at about $404,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Oklo in the third quarter valued at approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Oklo during the third quarter worth $104,000. Portland Investment Counsel Inc. acquired a new stake in shares of Oklo in the 3rd quarter worth $6,493,000. Finally, Atom Investors LP purchased a new position in shares of Oklo during the 3rd quarter worth $657,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

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.