Oklo Inc. (NYSE:OKLO - Get Free Report) shot up 14% during trading on Thursday . The stock traded as high as $38.67 and last traded at $38.95. 12,030,791 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 15,107,454 shares. The stock had previously closed at $34.17.
Analysts Set New Price Targets
A number of analysts have commented on OKLO shares. Wedbush increased their price target on shares of Oklo from $26.00 to $45.00 and gave the company an "outperform" rating in a research note on Friday. Citigroup upped their price objective on Oklo from $10.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, January 8th.
Read Our Latest Stock Analysis on OKLO
Oklo Stock Performance
The business's 50 day moving average price is $23.69 and its 200-day moving average price is $15.51.
Insider Buying and Selling at Oklo
In other news, Director Richard Kinzley acquired 5,000 shares of the firm's stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $99,750. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction on Friday, December 20th. The stock was 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 owns 12,543,085 shares in the company, valued at $271,056,066.85. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.80% of the company's stock.
Institutional Trading of Oklo
A number of institutional investors have recently bought and sold shares of OKLO. HITE Hedge Asset Management LLC acquired a new stake in shares of Oklo in the third quarter valued at approximately $19,753,000. Atomi Financial Group Inc. bought a new position in shares of Oklo in the fourth quarter worth about $19,285,000. Portland Investment Counsel Inc. acquired a new position in Oklo during the 3rd quarter worth approximately $6,493,000. Readystate Asset Management LP acquired a new stake in Oklo in the third quarter valued at approximately $6,193,000. Finally, Geode Capital Management LLC bought a new stake in shares of Oklo during the third quarter worth $5,971,000. Institutional investors 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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