Oklo (NYSE:OKLO) Reaches New 1-Year High – Here’s Why

Oklo Inc. (NYSE:OKLO) shares reached a new 52-week high on Wednesday . The company traded as high as $32.77 and last traded at $32.65, with a volume of 1276037 shares trading hands. The stock had previously closed at $31.25.

Analyst Ratings Changes

A number of research analysts have recently commented on OKLO shares. Wedbush began coverage on Oklo in a research report on Thursday, December 19th. They set an “outperform” rating and a $26.00 price target on the stock. Citigroup lifted their price target on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th.

Oklo Stock Up 13.4 %

The business has a fifty day moving average price of $22.91 and a 200-day moving average price of $15.11.

Insider Activity at Oklo

In other news, Director Richard Kinzley acquired 5,000 shares of the firm’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 completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $99,750. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction dated 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 owns 12,543,085 shares of the company’s stock, valued at approximately $271,056,066.85. This 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 company insiders.

Institutional Investors Weigh In On Oklo

Several institutional investors and hedge funds have recently bought and sold shares of OKLO. Kozak & Associates Inc. purchased a new stake in Oklo in the fourth quarter worth $57,000. Barclays PLC purchased a new stake in shares of Oklo in the 3rd quarter worth about $58,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Oklo during the 3rd quarter valued at about $94,000. Wolff Wiese Magana LLC purchased a new position in shares of Oklo during the fourth quarter valued at about $99,000. Finally, Sanctuary Advisors LLC bought a new position in Oklo in the third quarter worth about $100,000. 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.