Oklo Inc. (NYSE:OKLO - Get Free Report) shares shot up 7.7% during trading on Monday . The company traded as high as $26.80 and last traded at $26.09. 12,775,086 shares traded hands during trading, a decline of 13% from the average session volume of 14,609,750 shares. The stock had previously closed at $24.23.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Citigroup raised their price target on Oklo from $10.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. Wedbush started coverage on Oklo in a research report on Thursday, December 19th. They set an "outperform" rating and a $26.00 price objective for the company.
Get Our Latest Report on Oklo
Oklo Stock Up 10.2 %
The stock's fifty day simple moving average is $22.69 and its 200-day simple moving average is $14.98.
Insiders Place Their Bets
In related news, CEO Jacob Dewitte sold 230,569 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Kinzley bought 5,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of $19.95 per share, with a total value of $99,750.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company's stock, valued at $99,750. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. DRW Securities LLC purchased a new position in shares of Oklo in the 3rd quarter valued at $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Oklo in the third quarter valued at about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Oklo during the third quarter worth about $104,000. Portland Investment Counsel Inc. purchased a new stake in shares of Oklo in the third quarter worth about $6,493,000. Finally, Atom Investors LP acquired a new stake in shares of Oklo in the third quarter valued at about $657,000. 85.03% of the stock is owned by hedge funds and other institutional investors.
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.
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