Oklo Inc. (NYSE:OKLO - Get Free Report)'s share price traded up 14.9% during trading on Wednesday . The company traded as high as $26.38 and last traded at $26.22. 6,592,383 shares were traded during trading, a decline of 53% from the average session volume of 14,069,562 shares. The stock had previously closed at $22.81.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on OKLO. Wedbush started coverage on Oklo in a research report on Thursday, December 19th. They issued an "outperform" rating and a $26.00 target price on the stock. Citigroup boosted their price target on Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Finally, B. Riley assumed coverage on Oklo in a research note on Thursday, September 19th. They set a "buy" rating and a $10.00 price objective on the stock.
View Our Latest Report on OKLO
Oklo Stock Up 6.1 %
The stock's fifty day moving average price is $22.44 and its 200-day moving average price is $14.33.
Insider Buying and Selling at Oklo
In other news, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 12,543,085 shares of the company's stock, 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 can be accessed through this link. Also, Director Richard Kinzley bought 5,000 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $19.95 per share, with a total value of $99,750.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $99,750. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company's stock.
Hedge Funds Weigh In On Oklo
Several institutional investors and hedge funds have recently made changes to their positions in OKLO. Kozak & Associates Inc. acquired a new stake in Oklo during the 4th quarter worth approximately $57,000. Wolff Wiese Magana LLC acquired a new stake in shares of Oklo during the fourth quarter worth $99,000. Barclays PLC bought a new stake in shares of Oklo in the third quarter valued at about $58,000. Y Intercept Hong Kong Ltd bought a new position in Oklo during the third quarter worth about $94,000. Finally, Peapack Gladstone Financial Corp bought a new position in shares of Oklo during the third quarter worth approximately $100,000. Institutional investors and hedge funds own 85.03% of the company's stock.
About Oklo
(
Get Free Report)
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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