Oklo (NYSE:OKLO) Shares Gap Up - What's Next?

Oklo Inc. (NYSE:OKLO - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $31.11, but opened at $33.05. Oklo shares last traded at $32.04, with a volume of 6,203,101 shares.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wedbush lifted their target price on Oklo from $26.00 to $45.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Craig Hallum began coverage on shares of Oklo in a report on Tuesday. They set a "buy" rating and a $44.00 price objective on the stock. Finally, Citigroup increased their target price on shares of Oklo from $10.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Oklo currently has an average rating of "Moderate Buy" and a consensus price target of $32.50.

Oklo Stock Up 18.9 %

The firm's fifty day moving average is $24.43 and its two-hundred day moving average is $16.10.

Insider Buying and Selling

In related news, CEO Jacob Dewitte sold 230,569 shares of Oklo 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 sale, the chief executive officer now owns 12,543,085 shares of the company's stock, valued at approximately $271,056,066.85. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Kinzley acquired 5,000 shares of Oklo stock in a transaction dated 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 approximately $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 currently owned by corporate insiders.

Institutional Investors Weigh In On Oklo

Several large investors have recently added to or reduced their stakes in the stock. DRW Securities LLC bought a new position in Oklo in the third quarter worth approximately $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Oklo in the 3rd quarter valued at $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Oklo in the 3rd quarter worth $104,000. Portland Investment Counsel Inc. purchased a new stake in shares of Oklo during the 3rd quarter worth $6,493,000. Finally, Atom Investors LP bought a new stake in Oklo during the third quarter valued at about $657,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

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.