Oklo (NYSE:OKLO) Stock Price Up 0.4% – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Oklo Stock Performance

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

Insider Transactions at Oklo

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This represents a 1.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Kinzley acquired 5,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $19.95 per share, with a total value of $99,750.00. Following the completion of the transaction, the director now directly 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 Investors Weigh In On Oklo

Large investors have recently modified their holdings of the stock. Barclays PLC purchased a new position in Oklo during the 3rd quarter worth $58,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Oklo during the 3rd quarter worth approximately $94,000. Sanctuary Advisors LLC acquired a new stake in shares of Oklo in the 3rd quarter valued at approximately $100,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Oklo in the third quarter valued at approximately $100,000. Finally, MML Investors Services LLC purchased a new stake in shares of Oklo in the third quarter valued at approximately $104,000. Hedge funds and other 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.