Oklo (NYSE:OKLO) Coverage Initiated by Analysts at Craig Hallum

Craig Hallum initiated coverage on shares of Oklo (NYSE:OKLO - Free Report) in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $44.00 price objective on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Citigroup upped their price objective on shares of Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, January 8th. Wedbush upped their target price on shares of Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Oklo has an average rating of "Moderate Buy" and an average target price of $32.50.

Oklo Price Performance

OKLO traded down $0.59 during midday trading on Tuesday, reaching $41.32. The company's stock had a trading volume of 24,138,816 shares, compared to its average volume of 21,756,938. Oklo has a 1 year low of $5.35 and a 1 year high of $45.23. The stock's 50-day moving average is $24.77 and its 200-day moving average is $16.28.

Insider Activity at Oklo

In related news, CEO Jacob Dewitte sold 230,569 shares of the 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 transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Kinzley acquired 5,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the transaction, the director now owns 5,000 shares of the company's stock, valued at $99,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OKLO. DRW Securities LLC bought a new position in Oklo during the third quarter valued at approximately $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Oklo in the third quarter worth approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Oklo in the third quarter worth approximately $104,000. Portland Investment Counsel Inc. bought a new position in Oklo in the third quarter worth approximately $6,493,000. Finally, Atom Investors LP bought a new position in Oklo in the third quarter worth approximately $657,000. 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.