Oklo Inc. (NYSE:OKLO - Get Free Report) saw an uptick in trading volume on Friday . 12,958,366 shares were traded during mid-day trading, a decline of 22% from the previous session's volume of 16,542,627 shares.The stock last traded at $40.71 and had previously closed at $38.78.
Wall Street Analyst Weigh In
OKLO has been the subject of a number of research reports. Citigroup upped their price target on shares of Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Wedbush upped their target price on Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday.
Get Our Latest Stock Report on OKLO
Oklo Stock Performance
The business's 50-day moving average price is $23.21 and its 200 day moving average price is $15.27.
Insiders Place Their Bets
In other news, CEO Jacob Dewitte sold 230,569 shares of the 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 transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Kinzley purchased 5,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 5,000 shares of the company's stock, valued at approximately $99,750. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Oklo
A number of institutional investors have recently modified their holdings of OKLO. WJ Wealth Management LLC bought a new stake in shares of Oklo in the 4th quarter valued at approximately $457,000. Vantage Point Financial LLC bought a new position in Oklo during the fourth quarter worth $208,000. Spire Wealth Management acquired a new position in Oklo in the fourth quarter worth $72,000. Caprock Group LLC bought a new stake in Oklo during the fourth quarter valued at $2,819,000. Finally, Strategic Planning Group LLC acquired a new stake in shares of Oklo during the fourth quarter worth $3,085,000. Institutional investors and hedge funds own 85.03% of the company's stock.
About Oklo
(
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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.
See Also
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