Oklo (NYSE:OKLO) Shares Down 0.5% - Time to Sell?

Oklo Inc. (NYSE:OKLO - Get Free Report) shares dropped 0.5% during mid-day trading on Wednesday . The stock traded as low as $25.51 and last traded at $25.35. Approximately 7,404,496 shares were traded during trading, a decline of 61% from the average daily volume of 18,801,920 shares. The stock had previously closed at $25.47.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OKLO. Craig Hallum began coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 target price for the company. Citigroup increased their price target on shares of Oklo from $10.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, January 8th. B. Riley boosted their price objective on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, Wedbush raised their price objective on Oklo from $26.00 to $45.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

Oklo Stock Performance

The company has a 50-day simple moving average of $35.70 and a 200-day simple moving average of $22.86.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard Kinzley purchased 5,000 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the transaction, the director now directly owns 5,000 shares in the company, 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 corporate insiders.

Institutional Investors Weigh In On Oklo

Several large investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. purchased a new position in Oklo during the fourth quarter valued at approximately $27,000. Sandy Spring Bank bought a new stake in Oklo during the 4th quarter valued at $32,000. CoreCap Advisors LLC purchased a new position in shares of Oklo in the 4th quarter valued at $32,000. Covestor Ltd bought a new position in shares of Oklo in the 4th quarter worth $34,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of Oklo during the 4th quarter worth $43,000. 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.

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