Oklo (NYSE:OKLO) Trading Up 6.2% - Still a Buy?

Oklo Inc. (NYSE:OKLO - Get Free Report)'s share price shot up 6.2% during trading on Friday . The company traded as high as $43.78 and last traded at $44.51. 9,460,150 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 20,958,465 shares. The stock had previously closed at $41.91.

Analyst Upgrades and Downgrades

OKLO has been the subject of a number of recent analyst reports. Wedbush lifted their price target 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. Citigroup raised their price target on Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 8th. Finally, Craig Hallum initiated coverage on Oklo in a research report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Oklo presently has an average rating of "Moderate Buy" and a consensus target price of $32.50.

Oklo Trading Up 8.6 %

The business has a fifty day simple moving average of $26.06 and a 200 day simple moving average of $17.15.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 230,569 shares of the business's 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 sale, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Kinzley acquired 5,000 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OKLO. Kozak & Associates Inc. acquired a new stake in shares of Oklo in the 4th quarter worth approximately $57,000. Spire Wealth Management purchased a new stake in Oklo during the 4th quarter worth $72,000. Wolff Wiese Magana LLC purchased a new stake in shares of Oklo during the 4th quarter valued at about $99,000. Stephens Consulting LLC acquired a new stake in Oklo in the fourth quarter valued at approximately $127,000. Finally, Barclays PLC purchased a new stake in shares of Oklo during the third quarter valued at approximately $58,000. 85.03% of the stock is owned by institutional investors and hedge funds.

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.