Analysts Set Oklo Inc. (NYSE:OKLO) Price Target at $44.50

Oklo Inc. (NYSE:OKLO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $44.50.

Several equities analysts recently weighed in on the company. Citigroup lifted their target price on Oklo from $10.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. Craig Hallum assumed coverage on Oklo in a research note on Tuesday, January 28th. They set a "buy" rating and a $44.00 price objective for the company. Wedbush raised 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. Finally, B. Riley upped their price target on shares of Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th.

Insider Buying and Selling

In related news, CEO Jacob Dewitte sold 230,569 shares of the business's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the sale, the chief executive officer now owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard Kinzley acquired 5,000 shares of the stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of $19.95 per share, with a total value of $99,750.00. Following the transaction, the director now directly 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 disclosure for this purchase can be found here. 21.80% of the stock is owned by insiders.

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Institutional Trading of Oklo

A number of large investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. purchased a new position in Oklo in the fourth quarter worth about $27,000. Sandy Spring Bank purchased a new position in shares of Oklo in the 4th quarter worth approximately $32,000. CoreCap Advisors LLC bought a new position in shares of Oklo during the 4th quarter valued at approximately $32,000. Covestor Ltd purchased a new stake in shares of Oklo in the fourth quarter valued at $34,000. Finally, Anfield Capital Management LLC bought a new stake in Oklo in the fourth quarter worth about $43,000. 85.03% of the stock is currently owned by institutional investors.

Oklo Stock Up 1.1 %

OKLO traded up $0.29 during trading on Tuesday, hitting $26.26. The company's stock had a trading volume of 12,012,151 shares, compared to its average volume of 19,357,191. Oklo has a one year low of $5.35 and a one year high of $59.14. The business's 50 day simple moving average is $35.54 and its 200-day simple moving average is $22.26.

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.